Equinor and Cheniere signed a new 15-year sales and purchase agreement for around 1.75 mtpa of LNG, with half of the volume starting from 2027.
In this week's A&D Minute, Patterson-UTI and NexTier Oilfield Solutions are merging, Civitas Resources enters the Permian, and Earthstone Energy expands their Delaware Basin presence.
Baytex Energy closed its $2.2 billion acquisition of Ranger Oil Corp., adding scale to the Canadian operator’s position in the Eagle Ford Shale.
G. D. Bechtold LLC has retained EnergyNet for the sale of a Niobrara Shale opportunity in Crook County, Wyoming.
CALM Fort Worth Ventures LLC has retained EnergyNet for the sale of an HBP Leasehold in McClain County, Oklahoma.
SM Energy said it would acquire 20,000 net acres in Dawson and Martin counties, Texas, and disclosed an additional first quarter acquisition in the Midland Basin.
White Oak has retained EnergyNet as its exclusive advisor relating to the sale of a 201 property package with operations, non-operated WI, RI and ORRI in various counties and parishes in Louisiana, Mississippi and Texas.
Victoria University has retained Sayer Energy Advisors as their exclusive advisor relating to the sale of a Fee Title and royalty interests in the Weyburn area of Sakatchewan, Canada.
“I think that these higher [interest] rates are going to lead to more equity [deals] from the smaller companies,” Pioneer Natural Resources President and COO Rich Dealy said in an exclusive interview.
Phillips 66 completed a previously announced acquisition of DCP Midstream’s common units in a deal with a total cash value of approximately $3.8 billion.