Chris
Mathews
Hart Energy
Analyst: Civitas’ $4.7 Billion Permian Deals Extend Inventory Outside D-J
Civitas Resources is establishing a substantial footprint in both the Midland and Delaware Basins with $4.7 billion in Permian M&A.
CNX Resources Sells Non-core Appalachian Basin Assets
On June 15 regulatory filings, CNX said it had a definitive agreement to sell Appalachian Basin assets to an undisclosed third party for $125 million.
Civitas Enters Permian in $4.7B in Deals for Tap Rock, Hibernia
Civitas Resources expands from the Denver-Julesburg in two deals to buy NGP’s Tap Rock, Hibernia in cash and stock deals valued at $4.7 billion.
Riverbend Acquires Williston Non-Op Assets to Mark ‘Rebuilding’ Campaign
Houston’s Riverbend Energy Group said it acquired non-operated Williston Basin assets nearly a year after exiting the basin in a $1.8 billion deal.
Exclusive Q&A: Patterson-UTI, NexTier CEOs Talk Merger, Shale Dominance
Patterson-UTI President and CEO Andy Hendricks and NexTier Oilfield Solutions CEO Robert Drummond discussed the companies’ planned $5.4 billion merger in a Hart Energy exclusive interview.
Lucero Energy Divests Bakken Assets
Canada’s Lucero Energy closed on the divestment of non-strategic Bakken assets for US$104.6 million.
Marketed: Staghorn Petroleum II-owned Properties in Oklahoma
Staghorn has retained BOK Financial Securities as their exclusive advisor relating to the sale of certain operated and non-operated properties in the NW STACK in Oklahoma.
Patterson-UTI, NexTier Merging in $5.4B Deal
The Patterson-UTI, NexTier merger will create a comprehensive drilling and completions franchise in U.S. land with leadership positions in contract drilling, directional drilling and pressure pumping, according to Patterson-UTI CEO Andy Hendricks.
Canada’s Gibson to Buy South Texas Gateway Terminal for $1.1B
Canada’s Gibson Energy will expand its portfolio by buying South Texas Gateway Terminal, the second-largest oil export facility in the U.S., from Buckeye Partners and partners Phillips 66 Partners LP and Marathon Petroleum Corp.
Cavitation Technologies, Eagle Ford Silica to Merge
Cavitation will acquire Eagle Ford Silica’s approximately 180 acres of land near San Antonio and a sand extraction plant that produces an average 2,000 metric tons (mt) of sand per day.