Canada’s Baytex Energy Corp. moved a step closer toward finalizing its purchase of Ranger Oil Corp. with the closing of its private offering of $800 million aggregate principal amount of senior unsecured notes.
The question was asked again in Pioneer’s first-quarter earnings call on April 27.
Calgary-based Suncor is expanding its footprint in bitumen and Canadian oil sands, acquiring TotalEnergies’ Canadian operations.
The acquisition, Elk Range’s third in the Eagle Ford, brings the company’s total Eagle Ford net royalty acres to more than 2,700.
Also in this week's A&D Minute, FireBird Energy II nabbed over $500 million and Wing Resources secured $100 million to pursue deals in the Permian Basin.
Occidental and ET Power LLC has increased their investments in Rice Acquisition Corp. by $625 million.
Last year, Britain held its first oil and gas exploration licensing round since 2019, with the government saying it was looking to boost domestic hydrocarbon output as Europe weans itself off Russian fuel and after energy prices spiked.
During the past 12 years, many of the largest upstream oil and gas deals have lost value for shareholders, according to analysis by McKinsey & Co.
Lone Oak Minerals LLC retained EnergyNet for the sale of a 13-well package in Wetzel County, West Virginia.
Iron Creek Properties retained EnergyNet for the sale of a 28-well package plus 640.00 Net HBP leasehold acres in Natrona County, Wyoming.