Darren
Barbee
Oil and Gas Investor
UAE’s Masdar Grows Presence in Spain with Endesa Solar Deal
Masdar agreed to acquire a 49.99% stake in 48 solar plants controlled by Spanish utility Endesa.
Eni to Close Sale of Alaska Assets to Hilcorp by Year-end
Italian energy giant Eni SpA looks to close its divestment of its Alaska assets to Hilcorp Energy Co. by year-end 2024, to high-grade its upstream portfolio, according to Eni’s CEO.
The ABCs of ABS: Financing Technique Shows Flexibility and Promise
As the number of ABS deals has grown, so have investors’ confidence with the asset and the types of deals they are willing to underwrite.
TotalEnergies Exits from Offshore South Africa Blocks
TotalEnergies’ departure comes after partner CNR International also withdrew from the same blocks.
Post Oak Minerals Acquires Permian Basin Interests for $475MM
Post Oak Minerals V, an affiliate of Post Oak Energy Capital, has closed 10 transactions since the onset of 2024, including 24,000 net royalty acres from APA Corp. subsidiary Apache.
Permian Resources Bolts-on Oxy’s Delaware Basin Assets for $820MM
Permian Resources will add Occidental Petroleum’s Barilla Draw assets in an $817.5 million deal as Oxy prepares to pay down debt for its pending $12 billion acquisition of CrownRock LP.
Noble’s $1.59B Diamond Offshore Acquisition Clears Antitrust Hurdle
Noble Corp.’s acquisition of Diamond Offshore Drilling still requires approval by Diamond shareholders as well as regulatory authorization in Australia.
Vital Energy, Northern to Buy Delaware E&P Point Energy for $1.1B
Vital Energy will buy an 80% stake in Point Energy Partners’ Delaware Basin assets for about $820 million, with Northern Oil and Gas acquiring the remaining 20% interest for $220 million.
Private Equity Looks for Minerals Exit
Private equity firms have become adroit at finding the best mineral and royalties acreage; the trick is to get public markets to pay more attention.
TotalEnergies 'Working on' Another Acquisition, Suriname FID- CEO
TotalEnergies expects to take a final investment decision on Suriname Block 58 in the second half of 2024 while searching for its next acquisition in Texas.