Here’s a snapshot of recent energy deals including back-to-back acquisitions in the Midcontinent by Tom Ward’s BCE-Mach plus the closing of Contango Oil & Gas’ combination with a KKR-backed firm.
The fourth quarter shot off with a couple of large deals, including Southwestern Energy’s purchase of GEP Haynesville LLC for $1.85 billion.
Here’s a snapshot of recent energy deals including the closing of Shell’s Permian Basin exit through a $9.5 billion deal with ConocoPhillips plus a Centennial Resource Development asset sale.
Here’s a snapshot of recent energy deals including the $480 million sale of Goodrich Petroleum to private equity-backed Paloma Resources.
Here’s a snapshot of recent energy deals including the acquisition of Veritas Energy’s nonop position by Northern Oil and Gas in a transaction worth over $500 million in the Permian Basin plus a $2.5 billion Freeport LNG deal.
Volatility in prices has some “arguing in favor of accelerating the transition away from fossil fuels” and those who still see fossil fuels are needed.
As traditional public and private sources of capital step back, family offices are stepping in to fund selective oil and gas deals. The question is, what attracts them and can they fill the gap?
Here’s a snapshot of recent energy deals including Continental’s entry into the Permian through the $3.25 billion acquisition of Pioneer’s Delaware Basin position plus Southwestern acquires another private Haynesville producer.
The rally in oil prices has encouraged public shale producers to cash in on unwanted assets rather than ramp up drilling, instead focusing on reducing debt or boosting shareholder returns.
In its 2022 Outlook, Deloitte identifies trends like capital discipline despite high oil prices, and net-zero targets that run contrary to conventional oil and gas wisdom.