From Bakken to Haynesville: Riverbend Sells Nonop Assets for $1.8 Billion
Riverbend Energy Group had assembled the nonop acreage since 2016 through three funds; it retains assets in the Permian’s southern Midland Basin.
Executive Q&A: Northern CEO Nick O’Grady and the Zen of A&D
Following a recent $170 million Williston acquisition, Northern Oil and Gas CEO Nick O’Grady weighed in on Bakken versus Permian M&A, the impact of inflation on deals and the dealmaker’s mantra of being ‘OK to lose.’
Energy A&D Transactions from the Week of June 15, 2022
Here’s a snapshot of recent energy deals including Devon Energy’s $856 million bolt-on acquisition of RimRock Oil and Gas in the Bakken plus BP’s exit from the Canadian oil sands.
On the Market Oil and Gas Quicklist (Week of June 15, 2022)
Here’s a quicklist of oil and gas assets on the market EOG Resources Wolfcamp Shale assets in Loving County, Texas, plus a Grace Petroleum operated package in the Permian Basin.
Harold Hamm Launches $4.4 Billion Cash Offer to Take Continental Resources Private
Harold Hamm, an industry icon who helped lead the charge to lift America’s 40-year-old ban on U.S. crude oil exports, founded Continental Resources in 1967 at the age of 21.
Devon Energy’s RimRock Acquisition Highlights Value Outside Permian Basin
The RimRock transaction, which adds at least 100 locations, should enable Devon Energy to keep production flat in the Williston Basin for the next 4-5 years, Goldman Sachs said.
Marketed: Ballantyne Oil Operated Williston Basin WI Opportunity
Ballantyne Oil LLC retained Eagle River Energy Advisors LLC to divest certain operated working interest assets within the Williston Basin in Bottineau County, North Dakota.
Hess Shares Strategy Behind Diverse Asset Portfolio
Hess CEO John Hess, who said the U.S.-based oil producer is “not interested in M&A right now,” shares the key to sustainable production growth from the Bakken shale play to the Guyana-Suriname hotspot.
Devon Energy Acquires RimRock Oil and Gas in $865 Million Bolt-on
Devon Energy agreed to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company focused in the Williston Basin.
Energy A&D Transactions from the Week of June 8, 2022
Here’s a snapshot of recent energy deals including a $170 million Williston Basin bolt-on and Intrepid-backed Rio Grande E&P finds an exit.