Darren
Barbee
Oil and Gas Investor
Chord, Enerplus’ $4B Deal Clears Antitrust Hurdle Amid FTC Scrutiny
Chord Energy and Enerplus Corp.’s $4 billion deal is moving forward as deals by Chesapeake, Exxon Mobil and Chevron experience delays from the Federal Trade Commission’s requests for more information.
TotalEnergies Acquires Eagle Ford Interest, Ups Texas NatGas Production
TotalEnergies’ 20% interest in the Eagle Ford’s Dorado Field will increase its natural gas production in Texas by 50 MMcf/d in 2024.
CIP Acquires Majority Stake in Elgin, Plans $315MM Investment
Copenhagen Infrastructure Partners acquired a majority stake in Elgin Energy with plans to invest $316 million in the company.
Beacon Offshore Divests Non-op Gulf of Mexico Interests
Beacon Offshore Energy said that with its non-op assets divested, it would turn all of its focus to its Shenandoah and Winterfell assets in the Gulf of Mexico.
Chesapeake-Southwestern Deal Delayed Amid Feds Scrutiny of E&P M&A
The Federal Trade Commission asked Chesapeake and Southwestern for more information about their $7.4 billion merger — triggering an automatic 30-day waiting period as the agency intensifies scrutiny of E&P deals.
Mighty Midland Still Beckons Dealmakers
The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.
Riley Permian to Acquire New Mexico Acreage, Launches Stock Offering
E&P Riley Exploration Permian will offer 2.1 million shares to help pay for the purchase of 12,500 net acres in Eddy County, New Mexico.
Analysts, SLB Execs See Stability in $7.7B ChampionX Deal
The acquisition of ChampionX vaults SLB’s chemical production business to No. 1 globally and orients SLB's business toward resource recovery that is less tied to price volatility.
Marketed: Nye Oil 27 Property Package in Texas
Nye Oil LLC has retained EnergyNet for the sale of a 27 property package in Frio and La Salle counties, Texas.
Marketed: Outpost Energy Alberta Properties Divestiture
Outpost Energy has retained Sayer Energy Advisors for a corporate sale process on properties in Alberta.