Asset Manager Buys SandRidge Stake, Looks for More Midcon M&A
Investment manager Third Avenue believes Midcon E&P SandRidge Energy is primed for M&A and a boost to shareholder returns.
Spicewood Acquires Multiple Permian Basin Mineral Interests
Spicewood Mineral Partners added mineral and royalties interests in the Midland and Delaware basins, operated by E&Ps including Occidental Petroleum, ConocoPhillips and BP.
EnCap Closes $6.4B for E&P Fund, Including Co-investments
EnCap’s Fund XII raised $5.25 billion for work in U.S. oil and gas basins. Coupled with its energy transition and midstream funds, the private equity firm has collectively raised $9 billion this year.
Hilcorp Fined $9.4MM Over San Juan Basin Fracking Emissions
Private E&P Hilcorp Energy will pay a $9.4 million civil penalty stemming from natural gas fracking operations in New Mexico’s San Juan Basin.
California Mergin’: CRC-Aera Combination Creates Golden State Scale
CRC President and CEO Francisco Leon believes the state needs to bolster its own oil and gas production—not all citizens and lawmakers agree.
As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus
Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.
Midcon, Rockies Drilling Activity Keeps Declining in 3Q—KC Fed
To substantially increase drilling activity, E&Ps in the Midcon and Rockies need to see a healthy increase in oil and natural gas prices, according to the third-quarter Kansas City Fed Energy Survey.
Post Oak Backs Third E&P: Tiburon Captures Liquids-rich Utica Deal
Since September, Post Oak Energy Capital has backed new portfolio companies in the Permian Basin and Haynesville Shale and made an equity commitment to Utica Shale E&P Tiburon Oil & Gas Partners.
Exxon Seeks Buyers for Portion of Assets in North Dakota's Bakken Shale
The planned sale could fetch upwards of $500 million, two sources told Reuters. They said it was part of Exxon's efforts to focus on assets with the highest growth potential after a $60 billion takeover of rival Pioneer Natural Resources in May.
Powder River E&P Peak Resources Prices IPO, to Test Markets as MLP
Powder River Basin E&P Peak Resources expects to raise more than $57 million in net proceeds and follows a number of companies that have gone public or intend to test the public markets.