TotalEnergies acquired three electricity business startups, took controlling interest in another company and signed commercial contracts with 10 others.
Twin Oaks Production Partners has retained EnergyNet for the sale of a Piceance Basin Opportunity in Garfield County, Colorado.
Pioneer Natural Resources has retained EnergyNet for the sale of a 26-well package plus 6,456.03 net HBP in Crockett and Reagan counties, Texas.
Standard Solar purchased EDF Renewables 9.9 megawatt North America Bluebonnet project near Waco, Texas.
After weeks of market speculation, Occidental announced plans to acquire private E&P CrownRock LP for $12 billion, adding core Midland Basin inventory and more upside from deeper zones underground.
Freehold Royalties will acquire mineral and royalty interests from two private sellers in the Midland and Delaware basins, the company said.
The joint venture between Masdar and Verbund will study the potential for green hydrogen to decarbonize hard-to-abate industries in Spain and central Europe to meet net-zero goals.
Occidental Petroleum said the purchase of CrownRock includes 1,700 undeveloped locations, 750 of which break even at prices of less than $40/bbl of WTI.
Endeavor Energy Partners operations span 350,000 net acres in the Permian’s Midland Basin — considered of the most lucrative oil and gas region in the U.S.
Megadeals between Chevron and Hess and Exxon and Pioneer Natural Resources are under intensified scrutiny but the oil and gas firms say they will cooperate in the U.S. Federal Trade Commission’s “second request” for information.