On the Market Oil and Gas Quicklist (Week of Feb. 23, 2022)
Here’s a quicklist of oil and gas assets on the market including a Momentum Minerals multibasin assets opportunity in what is expected to be one of the largest mineral packages to go to market this year.
Dakota Access Oil Pipeline Suffers US Supreme Court Setback
The Dakota Access pipeline has been the subject of a lengthy court battle between tribes seeking its closure and Dallas-based Energy Transfer.
Marketed: Momentum Minerals Multibasin Assets Opportunity
Momentum Minerals retained Tudor, Pickering, Holt & Co. (TPH) to seek proposals for the sale of mineral assets in the Permian, South Texas, Haynesville and Williston basins.
Marketed: Slawson Exploration Nonop Working Interest, ORRI
Slawson Exploration Co. Inc. retained Eagle River Energy Advisors LLC for the sale of certain wellbore only, nonoperated working interests and overriding royalty interest in North Dakota, Montana, Wyoming and Colorado.
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.