Here’s a snapshot of recent energy deals, including Brookfield Renewable Partner's $10.3 billion deal to acquire Origin Energy's Australian assets and Crescent Energy Partners' $1.28 billion acquisition of Montney assets.
Maverick Natural Resources LLC retained EnergyNet for a Permian Basin opportunity of Turner Gregory Unit and Ellett A-6 (Operations and ORRI) plus 3,292.09 Net HBP in Mitchell County, Texas.
Brookfield plans to invest at least AUD$20 billion more during the next decade to construct renewable generation and storage facilities in Australia.
ConocoPhillips currently holds a 47.5% stake in APLNG, one of the largest suppliers of natural gas to Australia’s East Coast. Origin and China’s Sinopec hold the remaining shares in APLNG.
A flurry of oil deals kicked off a strong start to 2023, but upstream dealmaking has slowed to a crawl in recent weeks due to low commodity prices and a banking liquidity crisis.
Crescent Point Energy said it would purchase Spartan Delta Corp.’s Montney assets in Alberta, Canada, including average production of 38,000 boe/d for CA$1.7 billion (US$1.28 billion) in cash.
A joint venture between Ørsted, Simply Blue Group and Subsea7, the Salamander Project is one of 13 projects selected and has a proposed capacity of 100 MW.
Energy Transfer’s acquisition of Lotus Midstream’s infrastructure includes the Centurion Pipeline and adds about 3,000 miles of crude gathering and transportation pipelines that extend from New Mexico across the Permian Basin of West Texas to Cushing, Oklahoma.
ACEN’s UPC Power Solutions is acquiring eight wind assets in Texas from GlidePath with a total energy capacity of 136 megawatts.
Operators are adding inventory, largely through M&A, as some E&Ps see well productivity plateauing.