Darren
Barbee
Oil and Gas Investor
Ovintiv Offering Senior Notes to Fund $4.2B Permian Deals
The Colorado-based Ovintiv plans to use the net proceeds to acquire a portion of Midland Basin E&Ps.
Italy's Energy and China's Pylon Form European Lithium Battery JV
The companies JV comes just as global demand for lithium is expected to increase by 2050.
A&D Minute: Shaking Things Up in the Delaware and Beyond [WATCH]
In this week's A&D Minute, ONEOK acquires Magellan Midstream Partners, Northern Oil and Gas partners with Vital Energy, and lithium producers Allkem and Livent come together to create the world's third largest lithium manufacturer.
NextEra to Sell Eagle Ford, Pennsylvania Pipelines, Shift to Renewables Only
NextEra Energy Partners will first launch a process to sell its Eagle Ford assets in 2023 and its Pennsylvania assets in 2025, John Ketchum, NextEra’s chairman, president and CEO said.
Marketed: Ring Energy Operated Northwest Shelf Opportunity
Ring Energy retained PetroDivest Advisors to assist in the sale of its operated oil and gas leasehold in Lea County, New Mexico.
Marketed: VirTex, Faraday, Catalyst Drilling Eagle Ford Opportunity
VirTex Operating Company Inc., Faraday Midstream Co. and Catalyst Drilling Co. retained Bok Financial Securities for the sale of a vertically integrated operated upstream, midstream and well service assets in the Eagle Ford.
Marketed: Costa Energy Operated Opportunity in Texas Gulf Coast
Costa Energy retained PetroDivest Advisors to assist in the sale of its operated oil and gas leasehold along the Texas Gulf Coast.
Pearl Energy Investments Raises $705 Million Fund to Target Permian
Pearl Energy Managing Partner Bill Quinn told Hart Energy the fund is backing three management teams, with two focused on the Permian and a third with a heavy emphasis on Saskatchewan, Canada.
Marketed: Asta Energy Operated Thermal Oil Interests in Saskatchewan
Asta Energy retained Sayer Energy Advisors to assist in the sale of thermal oil interests in the Kerrobert area of Saskatchewan.
HighPeak Energy Cuts Drilling as Midland E&P Explores Sale
HighPeak Energy is slashing its drilling program – and costs – in the Midland Basin as the independent E&P shores up its balance sheet for a potential sale.