Darren
Barbee
Oil and Gas Investor
TotalEnergies, RWE Partner on German North Sea Wind Projects
TotalEnergies and RWE aim to commission two wind projects, N-9.1 and N-9.2, in 2031 and 2032.
Chevron Sells Canadian Oil Sands, Duvernay Shale Assets for $6.5B
Chevron said the divestitures are part of its plans to sell $10 billion to $15 billion worth of assets by 2028 following the company’s acquisition of Hess Corp. for $53 billion.
Martin Resources Steps Up Offer for Martin Midstream
Martin Resources Management will pay $132 for Martin Midstream, which it had previously spun off, after a pair of New York capital groups counteroffered at a higher price.
Private Equity Gears Up for Big Opportunities
The private equity sector is having a moment in the upstream space.
Venezuela Lost Citgo, But the Battle’s Not Over Yet
Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.
Growth Through M&A: The Making of an Eagle Ford and Uinta Giant
Crescent Energy CEO discusses the expanding gravitational pull of Crescent after acquiring SilverBow and others.
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
Chesapeake, Southwestern Complete Merger to Create Largest US Natgas Co.
Chesapeake Energy Corp. has closed on its $7.4 billion takeover of Southwestern Energy Co. to create Expand Energy.
Texas Pacific Land Closes $290MM Permian Minerals, Royalties Deal
Texas Pacific Land Corp. acquired Permian Basin oil and gas minerals and royalties operated by Exxon Mobil, Diamondback Energy, Occidental Petroleum and ConocoPhillips.
After BKV’s IPO, Is Market Open to More Public SMID Caps?
The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.