Equinor Signs 15 Year PSA with Cheniere

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.

A&D Minute: Big Expansions, Bigger Mergers [WATCH]

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 Closes $2.2 Billion Acquisition of Eagle Ford’s Ranger Oil

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.

Marketed: G. D. Bechtold-owned Niobrara Shale Opportunity in Wyoming

G. D. Bechtold LLC has retained EnergyNet for the sale of a Niobrara Shale opportunity in Crook County, Wyoming.

Marketed: CALM Fort Worth Ventures LLC-owned HBP Leasehold in Oklahoma

CALM Fort Worth Ventures LLC has retained EnergyNet for the sale of an HBP Leasehold in McClain County, Oklahoma.

SM Energy Bolts-on Midland Basin Acreage in Two Deals

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.

Marketed: White Oak Resources VI-owned 201 Property Package in Louisiana, Mississippi and Texas

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.

Marketed: Victoria University-owned Fee Title and Royalty Divestiture in Canada

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. 

Pioneer’s Incoming Chief Rich Dealy on M&A and the End of ‘Free Money’

“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 Completes $3.8B Acquisition of DCP Midstream Interests

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.