Darren
Barbee
Oil and Gas Investor
Crescent Upsizes Stock Offering, Offers Debt for Ridgemar Acquisition
Crescent Energy is offering 21.5 million shares of its stock and borrowing additional funds to pay for the cash portion of a $905 million acquisition of Ridgemar Energy.
The Midland—Oxy’s Second Growth Engine—Already Purring
From 18,000-ft laterals to new exploration in the Emma Barnett, Thaimar Ramirez, president and general manager of Oxy’s Midland Basin Business Unit, detailed the integration of its $12 billion CrownRock takeover.
Crescent Energy Bolts On $905MM Central Eagle Ford Acreage
Crescent Energy will purchase Eagle Ford assets from Carnelian Energy Capital Management-backed Ridgemar Energy for $905 million, plus WTI-based contingency payments of up to $170 million.
Summit Midstream Completes $450MM Tall Oak Acquisition
Summit said the motivation for the acquisition of Tall Oak Midstream III was to rebalance the company’s portfolio between oil and gas assets.
Total Close to $2.1B Acquisition of Germany’s VSB—Report
TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros, Bloomberg News reported.
Q&A: Exxon Mobil Pioneers the Permian and Guyana
Liam Mallon, Exxon Mobil’s upstream president, discusses how XOM liquids production has hit a 40-year high on the 25th anniversary of the Exxon-Mobil merger, and plans for the future.
Marketed: Berlin Resources Anadarko Basin Opportunity
Berlin Resources has retained EnergyNet for the sale of a working interest opportunity in Roger Mills County, Oklahoma.
Marketed: Bison Energy 30-Well Package in Niobrara Shale
Bison Energy has retained EnergyNet for the sale of a 30 well package in Adams and Arapahoe counties, Colorado.
US Plans $7.5B Loan for Stellantis, Samsung JV for Battery Factories
If given the final go-ahead, Stellantis and Samsung’s StarPlus Energy joint venture will use the financing for lithium-ion battery cell and module manufacturing plants in Indiana.
GeoPark Signs SPA to Acquire Repsol’s Colombian Assets for $530MM
GeoPark Ltd. has signed a sale and purchase agreement with Respol Exploracion and Repsol E&P to acquire upstream oil and gas assets in Colombia.