Darren
Barbee
Oil and Gas Investor
Bob Simpson-led TXO Energy Partners IPO Exceeding Expectations
Formerly known as MorningStar Partners LP, TXO Energy is an MLP with primarily conventional-rock operations in the Permian Basin, New Mexico’s San Juan Basin and Colorado led by industry veteran Bob Simpson.
Indonesia to Offer 10 Oil, Gas Blocks in 2023, Including in South China Sea
Indonesia auctioned 13 oil and gas fields in 2022 and has appointed contractors for six of them so far.
Strange Brew: 2022 M&A Neared Two-decade Low, but Large-cap E&Ps Sitting Pretty
Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.
Marketed: SNR Operating Kansas WI Operated Properties
SNR Operating LLC retained RedOaks Energy Advisors as its exclusive advisor in connection with the sale of an operated working interest in certain operated properties in Sumner and Cowley counties, Kansas.
Marketed: CrossRoads Horizon, Paladin Oil Well ORRI
CrossRoads Horizon LLC and Paladin Oil LLC retained EnergyNet for the sale of an overriding royalty interest in three J. H. Kurth Jr. B-lease wells located in Newton County, Texas, operated by Foundation Energy Management.
Marketed: Tipula Enterprises Investment Co State Lease 21 Well WI
Tipula Enterprises Investment Co. retained EnergyNet for the sale of a non-operated 1.5% working interest in the State Lease 21 #1 well located in Brazoria County, Texas.
Marketed: Point Energy Partners Operating Ward County 24-Well Package
Point Energy Partners Operating LLC retained EnergyNet for the sale of an overriding royalty interest in a 24-well package plus seven DUCs located across the Wolfcamp and Bone Spring formations in Ward County, Texas.
TotalEnergies EP Canada Acquiring 6.65% Additional Interest in Fort Hills Project
The acquisition is ahead of TotalEnergies’ planned spin-off of the Canadian company.
Marketed: Sue-Ann Operating North Penwell Unit
Sue-Ann Operating retained EnergyNet for the sale of its non-operated working interest in the North Penwell Unit in Ector County, Texas.
Marketed: Lone Oaks Minerals West Virginia 13-Well Package
Lone Oak Minerals retained EnergyNet for the sale of a RI and NPRI 13-well package located in Wetzel County, W.V.