Chris
Mathews
Hart Energy
Chevron’s $53B Hess Deal Delayed Until At Least Summer 2025
A pivotal arbitration hearing regarding Chevron’s acquisition of Hess Corp.’s Guyana portfolio is set for May 2025.
Crescent-SilverBow Deal Leaps Last FTC Hurdle
The ending of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act satisfies an important condition needed to complete Crescent Energy Co.’s acquisition of SilverBow Resources.
TotalEnergies Sells Gas Field Interests West of Shetland Islands
Prax Group will take over TotalEnergies’ oil and gas assets in the maturing play north of Scotland.
Bob Simpson-led TXO Partners Buys Williston Basin Assets for Nearly $300MM
TXO Partners, an upstream MLP founded by XTO Energy executive Bob Simpson, is acquiring assets in the Williston Basin—a region the XTO team knew quite well.
The Latest
TotalEnergies Exits Pakistan JV in Deal with Gunvor Group
TotalEnergies is selling its 50% stake in Total PARCO Pakistan to commodities trading company Gunvor Group.
Patterson-UTI Boosts Bottom Line with OFS Acquisitions
Less than a year out from the closing of its merger with NexTier and its acquisition of Ulterra Drilling Technologies, Patterson-UTI is taking strides not to be the latest has-been.
Emera to Sell New Mexico Natural Gas Co. to Bernhard for $750MM
Bernhard Capital Partners, which recently purchased CenterPoint Energy assets, will buy utility New Mexico Gas Co. from Emera for $1.25 billion, including debt.
Delek Logistics Acquires EIV’s H2O Midstream for $230MM
Delek Logistics acquired H2O Midstream, a portfolio company of EIV Capital and the largest pure-play water midstream company in the Permian Basin, with more than 250 miles of pipe.
Oxy Faces Mounting Debt as Ecopetrol Declines CrownRock Deal
Fitch Ratings and Moody’s Ratings expected an Ecopetrol deal of $3.6 billion to help Occidental Petroleum reach its $4.5 billion to $6 billion debt reduction target.
Trace Midstream Acquires LM Energy's Delaware Basin Natgas System
Trace Midstream Partners, backed by Quantum Capital Group, will acquire LM Energy Delaware, a portfolio company of Old Ironsides Energy, with gas gathering assets in Eddy and Lea counties, New Mexico.
Civitas’ 4-Mile D-J Basin Wells See ‘Quite Compelling’ Returns
Civitas Resources is all-in on the Permian after pumping nearly $7 billion into M&A in the basin last year. But Civitas is drilling longer wells on its legacy Colorado assets, too.
Diamondback, on Hold for Endeavor Deal, Divests in Delaware Basin
Diamondback Energy sold non-core assets in the Delaware Basin in the second quarter and collected $375 million for its share of a midstream asset sale as its waits to close a $26 billion acquisition of Endeavor Energy Resources.
Cheniere, Galp Sign LNG Agreement for Sabine Pass Expansion
Under the 20-year sale and purchase agreement, Galp Trading will purchase 0.5 mtpa from Cheniere Marketing on a free-on-board basis.
Quantum to Buy Carlyle’s Power Producer for $3B
Managed by investment firm Carlyle, Cogentrix Energy’s platform is comprised of 5.3 gigawatts of natural gas-fired power plants, located throughout electricity servicers PJM, ERCOT and ISO-NE.