Exxon Mobil Considering $5 Billion Sale of Bakken Assets: Report
The Bakken properties could be worth about $5 billion and Exxon Mobil is in the final round of interviewing bankers to help launch the sale process, a report said.
On the Market Oil and Gas Quicklist (Week of March 9, 2022)
Here’s a quicklist of oil and gas assets on the market including the sale of AVAD Energy Partners and Vendera Resources operated Permian Basin properties in Crockett County, Texas.
Whiting, Oasis Petroleum to Combine in $6 Billion ‘Merger of Equals’
The combined company, to be led by Oasis CEO Danny Brown, will operate a premier Williston Basin position under a new name.
Oasis, Whiting Petroleum Reportedly in Talks to Merge in All-stock Deal
The combined value of the two U.S. shale companies would be around $6.07 billion, based upon closing prices on March 4, which valued Oasis Petroleum at $2.8 billion and Whiting Petroleum at $3.27 billion.
Inside Continental Resources’ $250 Million Foray into Carbon Capture
The Williston Basin has the ideal properties for long-term carbon storage, Continental Resources Founder Harold Hamm told Hart Energy at an event in Fargo, N.D. announcing the shale producer’s first carbon capture project.
Energy A&D Transactions from the Week of March 2, 2022
Here’s a snapshot of recent energy deals including a $1.3 billion acquisition in the D-J Basin by PDC Energy and Chevron’s $3 billion clean energy bet.
On the Market Oil and Gas Quicklist (Week of March 2, 2022)
Here’s a quicklist of oil and gas assets on the market including the sale of three Camino Natural Resources packages in the Midcontinent region located in Central Oklahoma, the Anadarko Basin and the Mississippi Lime play.
Continental Resources Enters Carbon Capture Space with $250 Million Investment
Continental Resources agreed to commit $250 million to Summit Carbon Solutions as part of a strategic investment in the construction of the largest carbon capture and sequestration project of its kind in the world.
Marketed: Battalion Oil Bakken Shale, Burke County, North Dakota
Battalion Oil Corp. retained EnergyNet for the sale of a Bakken Shale package comprising of leasehold acreage and nonoperated working interest in North Dakota’s Burke County through an auction closing March 2.
Energy A&D Transactions from the Week of Feb. 23, 2022
Here’s a snapshot of recent energy deals including the closing of Earthstone Energy’s acquisition of Warburg-backed Chisholme Energy for $604 million in the Permian Basin.