Energy A&D Transactions from the Week of Feb. 16, 2022
Here’s a snapshot of recent energy deals including Crescent Energy’s $815 million all-cash acquisition of Uintah Basin assets previously owned by EP Energy in Utah.
On the Market Oil and Gas Quicklist (Week of Feb. 16, 2022)
Here’s a quicklist of oil and gas assets on the market including Arkoma Drilling Delaware Basin nonoperated working interest, Elephant Oil & Gas Powder River Basin production and leasehold plus more.
Continental Resources Stock Drops on Expected Higher Spending for 2022
Continental Resources said its legacy capex was up 15% year-over-year due to “minimal growth capex” and inflation.
Continental Resources Posts Quarterly Profit, Boosts Dividend
Continental Resources said last week it was raising its quarterly dividend by 15% to 23 cents per share. It will also increase a planned share repurchase program to $1.5 billion from $1 billion.
Permian Basin Oil Output Forecast to Hit Record High in March
Gas output in both the Permian Basin and the Haynesville Shale in Texas, Louisiana and Arkansas will also rise to record highs of 20.4 Bcf/d and 14.5 Bcf/d in March, respectively.
Energy A&D Transactions from the Week of Feb. 9, 2022
Here’s a snapshot of recent energy deals including Whiting Petroleum’s $237 million expansion in the Williston Basin’s Sanish Field.
On the Market Oil and Gas Quicklist (Week of Feb. 9, 2022)
Here’s a quicklist of oil and gas assets on the market including an EOG Resources western Anadarko Basin opportunity and a Callon Petroleum Eagle Ford Shale package.
As Oil Nears $100 a Barrel, US Drillers Get Busy in Costly Shale Basins
Some executives say current high prices and relatively low service costs make production economics the best in years.
Whiting Expands Position in Williston Basin’s Sanish Field for $237 Million
Whiting Petroleum said it entered into separate agreements with two private companies to acquire the nonoperated assets in the Williston Basin’s Sanish Field in Mountrail County, North Dakota.
Continental Resources Executive Q&A: Continental Shift
CEO Bill Berry said he was gratified Continental’s 2021 deals caught most observers off guard since he sees a close-to-the-vest approach as a key to successful M&A.