Darren
Barbee
Oil and Gas Investor
Marketed: Stephens Natural Resources Operated Stack Opportunity in Oklahoma
Stephens Natural Resources LLC & Stephens Energy Group LLC have retained Detring Energy Advisors for the sale of oil and gas producing properties, leasehold and related assets in Oklahoma.
US Clean Energy Launches Clean Energy Platform, Adds US Solar to Portfolio
US Clean Energy said it plans to support the energy transition through investments, joint ventures and acquisitions, including an unspecified transaction to add US Solar as its first operating business.
Marketed: Resource Minerals LLC/ Eagle Ford Mineral and Royalty Position
Resource Minerals, LLC has retained TenOaks Energy Advisors for the sale of certain mineral and royalty properties located in the Eagle Ford.
Wien Energie, OMV to Joint Develop Geothermal Energy in Vienna Basin
Wien Energie and OMV are partnering in a joint venture to explore deep geothermal energy opportunities, in line with the companies’ separate carbon neutrality goals.
Collapse in US Gas Prices Dents Shale A&D
Price volatility has stymied reported plans by a unit of Tokyo Gas Co Ltd. to acquire Rockcliff Energy from private equity firm Quantum Energy Partners.
A&D Minute: Canada's Baytex Energy Expands in Eagle Ford in a Big Way [WATCH]
Also in this week's A&D Minute: Aramco completed its acquisition of Valvoline's global products business for $2.65 billion and pipeline operator Enbridge acquired a 5-Bcf salt cavern storage facility in Texas for $335 million.
Energy A&D Transactions from the Week of March 8, 2023
Here’s a snapshot of recent energy deals including Carrier Energy Partners' exit from the Eagle Ford Shale and Equinor's purchase of Suncor Energy's U.K. business for $850 million.
HIF Global, Baker Hughes to Joint Develop Direct Air Capture Technology
Baker Hughes’ Mosaic CO2 Direct Air Capture technology planned to expand HIF’s synthetic fuels production capabilities in Chile, Texas.
Carrier Energy Partners Divests Eagle Ford Assets for $145 Million
Carrier Energy’s Eagle Ford Shale Divestment closes out the company’s interests in the play and represents a sale of the company’s remaining assets, which previously included Permian Basin holdings.
Oxy’s 1PointFive to Use Siemens Compression Technology at DAC Plant
Direct air capture plants like 1PointFive’s in the Permian are growing as policies like the Inflation Reduction Act incentivize climate solution technology.