Darren
Barbee
Oil and Gas Investor
Energy A&D Transactions from the Week of Feb. 1, 2023
Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.
On the Market Oil and Gas Quicklist (Week of Feb. 1, 2023)
Here’s a quicklist of oil and gas assets on the market including Point Energy Partners Operating LLC's Ward County, Texas, divestitures and Quadrille Energy Co. LLC's of interests in various Oklahoma counties.
Japan's Inpex Quits US Tight Oil Development
Inpex has held assets in the Eagle Ford shale since 2019 but has sold them to Spanish energy company Repsol.
Alliance Resources’ Permian Royalty Acquisitions Set to Total More Than $150 Million
Alliance Resources said Jan. 30 it will purchase Permian oil and gas interests for $72.3 million on the heels of closing a separate $81 million deal.
Diamondback Closes $1.55 Billion Lario Acquisition, Boosting Midland Basin Inventory
With the Lario Permian deal closed, Diamondback wraps up a pair of fourth-quarter 2022 deals in which it purchased private Midland Basin operators for a total of about $3.3 billion.
Red Leaf, Ute Energy to Collaborate on Uinta Basin Projects
Red Leaf Resources and Ute Energy will jointly develop Uinta Basin assets, including a refinery and proposed transloading facility.
Marketed: CrossRoads Horizon and Paladin Oil Non-Op WI Assets
CrossRoads Horizon LLC and Paladin Oil LLC retained EnergyNet for the sale of a non-operated working interest in three J. H. Kurth Jr. B-lease wells located in Newton County, Texas, and operated by Foundation Energy Management.
Marketed: Erikson National Energy Corporate Divestiture
Erikson National Energy Inc. has retained Sayer Energy Advisors for the sale of the company's shares, with properties consisting primarily of operated, high working interest shale natural gas production from several formations in British Columbia and Alberta.
Maha, Mafraq Energy Enter Joint Operating Agreement in Oman
Maha’s partnership with Mafraq Energy marks a milestone as Block 70 aims for commercialization.
Eni, TotalEnergies Complete Transfer of Lebanon Exploration Block Interest to QatarEnergy
Eni and QatarEnergy both hold a 30% interest in the offshore Lebanon Blocks 4 and 9, while operator TotalEnergies holds a 35% interest.