Chris
Mathews
Hart Energy
Vital Energy Closes $214 Million Midland Basin Acquisition
Vital Energy announced the $214 million Midland acquisition on Feb. 14 and purchased the assets from Driftwood Energy Operating LLC.
NGL Energy Partners Closes Marine Fleet Sale, Reduces Debt
In two agreements, NGL sold its fleet to NGL Marine LLC and Campbell Transportation Co. Inc. and NGL Marine LLC and Magnolia Marine Transport Co.
USD Partners Sells Wyoming Crude Storage, Rail Terminal
USD Partners divested a crude oil storage, blending and railcar-loading terminal in Casper, Wyoming, and plans to use the proceeds to pay down debt.
Analysts: Shale M&A Opportunities Shrink After Ovintiv’s $4.2 Billion Permian Deal
With Ovintiv Inc. scooping up three EnCap-backed drillers in the core Midland Basin, public E&Ps have fewer places to look to add quality inventory runway, analysts say.
Not Your Shale Boomer’s M&A Strategy
Rumors of Pioneer Natural Resources and Range Resources exploring a merger is reflective of the state of energy M&A.
Linde, Exxon Mobil Sign CO2 Offtake Agreement
Exxon Mobil will transport and permanently store up to 2.2 million metric tons of CO2 annually from Linde’s hydrogen production facility, according to a news release.
A&D Minute: Ovintiv Captures Much-needed Inventory with $4.2B Permian Deal [WATCH]
Also in this week's A&D Minute, Crescent Point Energy is acquiring Spartan Delta's Montney assets for $1.28 billion.
On the Market Oil and Gas Quicklist (Week of April 5, 2023)
Here’s a quicklist of oil and gas assets on the market including mineral and royalty interests the Bakken/ Three Forks, East Texas non-operated working interests and a Maverick Natural Resources' package in the Permian Basin.
Energy A&D Transactions from the Week of April 5, 2023
Here’s a snapshot of recent energy deals, including Ovintiv's $4.2 billion Midland Basin acquisition and Bakken exit and Riley Permian's $330 deal for New Mexico assets.
Marketed: Garnet Energy Capital LLC New Mexico 2-Well Package
Garnet Energy Capital LLC as agent retained EnergyNet for the sale of a 2-well package in Lea County, New Mexico.