Chris
Mathews
Hart Energy
Superior Energy Services Considers Strategic Alternatives, Potential Consolidation
Superior, an international provider of drilling, completion and production services and products, is exploring its options to boost value for shareholders, including through M&A.
Vitol’s VTX Energy Partners Completes Southern Delaware Basin Deal
VTX Energy, backed by Swiss oil trader Vitol, purchased 35,000 net leasehold acres with an average production of 40,000 boe/d in the Delaware Basin’s Pecos and Reeves counties, Texas, in a deal Enverus said could be valued at $1.5 billion to $2 billion.
BP Weighs Buying Control of Solar Power JV Lightsource BP
BP currently holds 50% in Lightsource BP, which has a portfolio valued around $2 billion.
CorEnergy Sees ‘High’ Interest in Marketed Pipeline Systems
CorEnergy Infrastructure Trust Inc. is marketing its Omega Pipeline Co. and MoGas Pipeline LLC systems as it looks to deleverage.
A&D Minute: Could Crude Transportation Safety Improve with Railway Mega-merger? [WATCH]
Also in this week's A&D Minute, Principal Solar plans on buying the century-old Minerva-Rockdale oil field and New Fortress Energy is divesting its interest in a floating LNG facility.
Energy A&D Transactions from the Week of March 22, 2023
Here’s a snapshot of recent energy deals, including Canadian Pacific Railway’s $27 billion acquisition of Kansas City Southern, the only single-line crude-by-rail railroad connecting Canada, the U.S. and Mexico.
BrightNight and ACEN Form Partnership to Develop Indian Renewables
BrightNight and ACEN plan to deploy $2.5 million equity plus related performance guarantees to develop differentiated hybrid wind-solar projects in India.
Marketed: Discovery Oil LLC 18 Well Package
Discovery Oil LLC has retained EnergyNet for the sale of an 18 well package, non-operated WI and ORRI, in Richland County, Montana and Dunn, McKenzie, and Williams Counties, North Dakota.
Marketed: Jura Energy South Texas Operated Sale Package
Jura Energy has retained Energy Advisors Group for the sale of South Texas operated assets in Duval, Jackson, and Victoria Counties.
Sempra Reaches FID on $13 Billion Port Arthur LNG Project, Closes JV
Sempra Infrastructure is moving forward on building the first phase of Port Arthur LNG, which is expected to cost around $13 billion and closed a joint venture with ConocoPhillips.