Darren
Barbee
Oil and Gas Investor
Patterson-UTI Closes $780MM Ulterra Drilling Technologies Deal
Patterson-UTI acquired Ulterra Drilling Technologies from affiliates of Blackstone Energy Partners in a cash and stock deal valued at about $780 million.
Chesapeake Energy Exceeds Expectations with $700MM Eagle Ford Sale
Chesapeake Energy Corp. has executed an agreement to sell its remaining assets in the Eagle Ford to SilverBow Resources Inc. for up to $750 million if contingency payment thresholds are met.
Strike Energy to Acquire Talon Energy
Strike Energy has entered into a binding scheme implementation deed with Talon Energy to acquire all issued shares of Talon, a move that has the potential to generate more than $82 million.
NGP’s Latest Fund to Stick with Existing Teams, Add Few Newcomers
NGP is targeting low breakeven upstream opportunities in the Permian Basin, Bakken and the Haynesville, Marcellus and Eagle Ford shales.
Are Non-Ops the New Alternative Financing for M&A?
Earthstone Energy CEO Robert Anderson talks about teaming up with non-op Northern Oil & Gas to buy Permian Basin operator Novo Oil & Gas—a deal he expects to close next week.
Sitio Royalties Bounces Back in 2Q with Multiple Permian Basin Acquisitions
Sitio Royalties adds 13,705 NRAs in the Permian Basin and reports record production this quarter after drawing a blank on deals in the first quarter.
Empire Closes on Interests in New Mexico Assets
Empire Petroleum has closed on a $6.7 million acquisition of COERT Holdings 1 LLC’s interests in a trio of assets owned by Empire and located in New Mexico.
PHX Minerals: No Comment on WhiteHawk’s Unsolicited Merger Proposal
PHX Minerals CEO Chad Stephens said the board is evaluating WhiteHawk’s offer to combine in a stock-for-stock merger—but he didn’t comment much more on the unsolicited proposal.
A&D Minute: Big Deals in the Permian and Eagle Ford [WATCH]
In this week's A&D Minute, Kimbell Royalty Partners makes its largest deal in company history, Diamondback Energy sells an ownership interest in Midland Basin crude oil gathering assets for $225 million and Magnolia Oil & Gas bolts on assets in the Giddings field.
WhiteHawk Energy Takes Spurned PHX Minerals Merger Proposal Public
After several unsuccessful attempts to engage PHX Minerals in merger talks, WhiteHawk Energy released a letter communicating its proposal directly to PHX shareholders.