Chris
Mathews
Hart Energy
Fury Resources Lowers Offer for Permian E&P Battalion by 29%
Fury Resources' new offer reduces the amount of consideration payable to Battalion’s stockholders. Battalion said it was reviewing the amended terms of a merger agreement that was announced in December.
Marketed: South Texas Assets in McMullen, Zapata Counties
The Trustee of El Dorado Gas & Oil and Hugoton Operating LLC has retained Energy Advisors Group for the sale of South Texas assets in the A.W.P (Olmos) field in McMullen County and in the Mecom Ranch lease (Lobo) in Zapata County, through a bankruptcy sale.
BW LPG Acquires Very Large Gas Carriers for $1B
BW LPG Ltd. will increase its LPG dual-fueled fleet with the acquisition of a dozen new very large gas carrier vessels from Avance Gas Holdings in a cash-and-stock deal valued at $1.05 billion.
Energy Producer Maverick's Owner Explores Sale Valuing It at $3B, Sources Say
Owned by energy-focused investment firm EIG, Maverick Natural Resources is working with investment bankers at Jefferies on the sale process.
Mach Natural Resources Sells Western Anadarko Assets in 2Q
Mach Natural Resources divested Western Anadarko acreage after making an $815 million acquisition from Paloma Partners IV last year.
Permian Consolidation Piques Interest in Drill-to-earn Opportunities
Drill-to-earn arrangements have been utilized in the Permian for years in the forms of joint ventures, farm-outs and other customizable agreements.
CEO: Berry Seeks Horizontal Drilling Opportunities in Uinta Basin
Berry Corp., which has a large footprint in California’s San Joaquin Basin, might be more excited about deals and drilling near its Uinta Basin acreage.
EQV Ventures Raises $350MM in IPO for E&P, Midstream M&A
EQV Ventures reported “there is approximately $75 billion of private upstream assets held by aging private-equity funds that may require liquidity over the next five years.”
International OFS Firm HMH Plans to IPO, Activate in M&A
The firm is a 50/50 joint venture of Baker Hughes and Akastor ASA formed in 2021 to include brands such as Hydril and Vetco Gray as well as Wirth and Maritime Hydraulics.
Utah Tar Sands Developers Plan Go-public Deal with SPAC
The owners of a Utah tar sand mine project agreed to a go-public combination with a blank-check sponsor.