Velda
Addison
Hart Energy
Lycos to Acquire Durham Creek Exploration for CA$22.5MM
Lycos’ acquisition of Durham Creek Exploration will be funded through a CA$25 million bought deal equity financing.
Kimbell Closes $455 Million Permian, Midcontinent Acquisition
Kimbell Royalty Partners purchase of Permian Basin and Midcontinent assets for $455 million cash is the largest transaction in the company’s history.
Vital Energy Grows Permian Scale in Three Deals Worth $1.165B
Vital Energy is growing its Permian Basin portfolio in three separate acquisitions with Henry Energy LP and Henry Resources LP, Tall City Property Holdings III LLC and Maple Energy Holdings LLC.
SilverBow Offers Shares to Fund $700MM Chesapeake Deal
SilverBow Resources is offering three million shares of its common stock to fund its pending acquisition of Chesapeake Energy Corp. ’s oil and gas assets in south Texas.
Marketed: Earthstone Energy Eagle Ford Opportunity
Earthstone Energy Inc. retained Opportune Partners LLC for the sale of certain oil and gas assets in the Eagle Ford.
A&D Minute: Consolidation Smooths Out Boom-Bust Cycles [WATCH]
In this week's A&D Minute, Barclay's Derek Podhaizer, vice president of equity research, comments on the energy industry's current trend towards unprecedented consolidation and how it will affect the industry's future.
Holtec Enters Power Purchase Agreement to Reopen Michigan Nuclear Power Plant
Holtec International bought the Palisades plant in 2022 to decommission the facility.
Exxon Mobil’s Denbury Acquisition Clears Antitrust Hurdle
Denbury said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, leaving only Denbury stockholders to approve Exxon Mobil’s $4.9 billion acquisition of the company.
Chevron Acquires Magnum Development, Partner in ACES Delta Hydrogen Hub
Chevron will have controlling interest in ACES Delta, which will initially convert more than 220 MW of renewable energy into 100 metric tonnes per day of green hydrogen that will be stored in two gigantic 4.5-MMbbl salt caverns.
Diamondback Energy, Five Point Form Water-focused JV, Deep Blue
Diamondback will retain a 30% equity interest in Deep Blue and receive approximately $500 million in upfront cash proceeds, with the potential for more cash proceeds.