Chris
Mathews
Hart Energy
A&D Minute: Midstream Sector's Flurry of M&A [WATCH]
In this week's A&D Minute, upstream deals were made and midstream mergers were inked.
Marketed: WCOA LLC and Ventura Properties LLC 5-Well Package
WCOA LLC and Ventura Properties LLC retained EnergyNet for the sale of a five-well package plus 1-SWD (operations) in Wayne County, Mississippi.
Marketed: Carrollton Energy Partners I LLC 7-Well Package
Carrollton Energy Partners I LLC retained EnergyNet for the sale of a 7-well package (non-operated working interest) in Eddy County, New Mexico.
Magnolia Acquires Bolt-on Asset in Giddings for $300MM
Magnolia Oil & Gas’ new acquisition of oil and gas producing properties brings the company’s position in Giddings, Texas, to over 500,000 net acres.
Enbridge Launches Bid to be NAM’s Largest Gas Utility with $14B M&A
Enbridge said it would buy multiple companies from Dominion Energy that will forge the company in North America’s largest gas utility, ultimately delivering more than 9 Bcf/d of gas to approximately 7 million customers.
Rangeland Energy Selling Canadian Pipeline System to Kingston Midstream
Rangeland Energy is selling a pipeline system in north central Alberta to a Canadian midstream player. But Rangeland plans to continue investing in Canadian midstream opportunities in the future.
Western Midstream to Expand Powder River Presence with Meritage Deal
Western Midstream said it would purchase Meritage Midstream’s Powder River Basin assets, including gas gathering and an NGL pipeline, for $885 million cash.
Diamondback’s Viper Energy Grabs $1B in Permian Basin Royalty Interests
Viper Energy’s cash-and-equity deal adds 2,800 net royalty acres in the Midland Basin and 1,800 net royalty acres in the Delaware Basin with an average 0.7% net revenue interest.
Peak 10 Energy Launches with Permian Basin Acquisition
Peak 10 Energy announced its launch as an oil and gas investment platform focused on the acquisition of assets in the U.S. and particularly in the Permian Basin.
Patterson-UTI Energy, NexTier Complete $5.4B Merger
The combination of Patterson-UTI and NexTier Oilfield Solutions brings together a contract drilling business fleet with 172 super-spec drilling rigs and a completions business with 3.3 million hydraulic fracturing horsepower.