Chris
Mathews
Hart Energy
Montney Pure-play Advantage Energy Makes $326MM Acquisition
Calgary-based Advantage Energy is acquiring undeveloped inventory and around 14,100 boe/d of production in a CAD$450 million (USD$326.77 million) deal with a private seller.
Engelhart to Acquire Energy and Technology Business Trailstone
The transaction to acquire Trailstone, expected to be completed in third quarter 2024, will strengthen Engelhart’s position in the energy transition, the company said in its announcement.
E&P Highlights: June 10, 2024
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
Noble to Acquire Diamond Offshore Drilling for $1.6B in Cash, Stock
The combination of offshore drilling powerhouses Noble Corp. and Diamond Offshore Drilling will create the “leading tier one drillship fleet,” Noble said.
Exclusive: XCL Increases Production Amidst Lookout for More Inventory
XCL Resources is beginning its journey to acquire Altamont Energy, but in the meantime, the company is refining its operations in the Uinta Basin to find the perfect lateral length.
Diversified Closes $377MM Oaktree Acquisition
The acquisition grows Diversified Energy's scale, margins and free cash flow with the bolt-on of interests in Oklahoma, East Texas and Louisiana.
A Slippery Mess: Are Oil, Gas Interests Regulated Securities?
The murky overlap between securities laws and oil and gas interests could land individuals and companies on the wrong side of a securities-related investigation.
Hunting for Growth: Petro-Hunt Digs Deeper into Delaware, Williston
Dallas-based Petro-Hunt, one of the nation’s largest private oil and gas producers, is drilling in the Permian and Williston basins—and keeping an eye out for accretive M&A.
TotalEnergies Buys UK Power Plant from EIG for $575MM
TotalEnergies signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million (US$575 million).
Family Offices: Familiar and New Names Coming to Oil, Gas Table
Haynes and Boone semi-annual surveys of oil and gas lenders and producers reveal measured optimism capital formation—and a broader audience of family offices than seen in prior decades is tuning in.