Darren
Barbee
Oil and Gas Investor
Marketed: Paloma Natural Gas-owned 7 Well Package in Texas
Paloma Natural Gas LLC has retained EnergyNet for the offering of a 7 well package in various Texas counties.
A&D Minute: A Flurry of Activity in the Permian and South Texas [WATCH]
In this week's A&D Minute, Chesapeake Energy fully exits the Eagle Ford, Earthstone Energy follows suit and Sitio Royalties spends $248 million to increase its Permian footprint by 7%.
Marketed: Northwestern Production-owned 8 Well Package in North Dakota
Northwestern Production LLC et al has retained EnergyNet for the offering of an 8 well package in Billings County, North Dakota.
Marketed: Positive Energy-owned Anadarko Basin Opportunity
Positive Energy LLC has retained EnergyNet for the offering of an Anadarko Basin Opportunity in Grady and Stephens Counties, Oklahoma.
Energy Transfer to Acquire Crestwood Equity Partners for $7.1 Billion
The all-equity transaction, which includes the assumption of $3 billion of Crestwood debt, adds infrastructure in the Williston and Delaware basins and also provides Energy Transfer with an entry into the Powder River Basin.
Earthstone, NOG Close $1.5B Acquisition of Novo Assets
Earthstone Energy Inc. has closed the acquisition of the northern Delaware Basin assets owned by Novo Oil & Gas Holdings LLC.
Occidental Petroleum to Acquire Carbon Engineering for $1.1B
Occidental Petroleum has worked with Carbon Engineering on direct air capture technology since 2019, and CEO Vicki Hollub said the technology partnership will add new revenue streams in the form of technology licensing and royalties.
PHX Minerals Rejects WhiteHawk Energy’s Merger Proposal in Scathing Letter
WhiteHawk released a public letter on Aug. 9 proposing a merger to form a publicly traded corporation and disclosing two previous attempts to engage PHX Minerals.
SilverBow May Hunt for More Eagle Ford Scale After $700MM Deal
SilverBow Resources could look for additional scale in the Eagle Ford through M&A after buying Chesapeake Energy’s South Texas assets—its eighth deal in the play, analysts say.
E&P Highlights: Aug. 14, 2023
Here’s a roundup of the latest E&P headlines including plans the Brasse tieback on the Norwegian Continental Shelf and several contract announcements.