Acquisitions and Divestitures (A&D)
SilverBow Resources announces closing of Sundance acquisition and updated outlook
Publisher’s Note: SilverBow Resources will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.
HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today that it has
Ring Energy announces agreement to acquire Stronghold’s Permian Basin assets
Publisher’s Note: Ring Energy will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.
THE WOODLANDS, Texas, July 05, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” …
Ranger Oil announces accretive acquisitions adding additional scale to premium Eagle Ford position
HOUSTON, TX / ACCESSWIRE / June 30, 2022 / Ranger Oil Corporation (“Ranger” or the “Company”) (NASDAQ: ROCC) today announced additional bolt-on acquisitions of oil and gas assets in the Eagle Ford shale, bringing the total …
Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%
CALGARY, AB, June 28, 2022 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce it has entered into a purchase and sale agreement to acquire XTO Energy Canada…
Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million
Oil and Gas 360
Publisher’s Note: Earthstone Energy, Inc. will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022 in Denver. Register to attend.
THE WOODLANDS, Texas, June 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: …
Sitio Royalties announces highly accretive Permian Basin acquisitions
DENVER–(BUSINESS WIRE)– Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced it has (i) completed the acquisition of over 19,700 net royalty acres (“NRAs”) in the Permian Basin from Foundation Minerals, a Midland-based portfolio …
ProFrac Holding Corp. to acquire U.S. Well Services, Inc.
WILLOW PARK, Texas and HOUSTON, June 21, 2022 /PRNewswire/ — ProFrac Holding Corp. (NASDAQ: PFHC) (“ProFrac” or the “Company”) announced today that it has reached an agreement to acquire U.S. Well Services, Inc. (NASDAQ: USWS) …
Targa Resources Corp. to acquire Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn; provides updated 2022 Standalone Financial Outlook
June 16, 2022 at 4:41 PM EDT- HOUSTON and DALLAS and NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) and Lucid Energy Group, a leading privately held …
Oasis Petroleum Inc. declares special dividend of $15.00 per share in connection with its merger with Whiting
HOUSTON, June 16, 2022 /PRNewswire/ — Oasis Petroleum Inc. (NASDAQ: OAS) (“Oasis”) announced today that its Board of Directors has, subject to certain conditions, declared a special dividend of $15.00 per share of Oasis …
PDC Energy announces approval of Kenosha Oil and Gas development plan
Publisher’s Note: PDC Energy will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Registration is open.
DENVER, June 08, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today …
Devon Energy announces bolt-on acquisition in the Williston Basin
OKLAHOMA CITY, June 08, 2022 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, …
Southwest Gas Holdings to consider sale after another acquisition bid
Southwest Gas Holdings Inc SWX.N said on Monday it would evaluate selling itself, among other alternatives, after an unnamed potential buyer showed interest in acquiring the utility at a price “well in excess” of Carl Icahn’s $82.50 per share …
SilverBow Resources announces acquisitions of Sundance Energy and Sandpoint Resources
Strategic Acquisitions of Liquids-Weighted Assets in Western Eagle Ford
M eaningfully Increases Size and Scale
Overlapping, Contiguous Acreage Positions Drive Compelling Industrial Logic
A ccretive to Key Financial & Operational Metrics
HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc.
Report shows U.S. upstream mergers and acquisitions open strong in 2022
Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q1 2022 M&A activity. As the M&A market marched into the new year, $14 billion in deals were announced during the first quarter of …
Shale driller Rockcliff Energy weighs $4 billion sale
(Bloomberg) — Rockcliff Energy LLC, a private equity-backed natural gas explorer, has been speaking with advisers as it evaluates takeover interest from rival U.S. shale drillers, people with knowledge of the matter said.
The Houston-based company could seek …
Some shale deals stall after Russian ban whipsaws oil prices
(Bloomberg) — Some oil and gas dealmakers are hitting the pause button as prices whipsaw following the ban on Russian oil imports. Companies are concerned about overpaying for assets while focused on cutting debt and rewarding shareholders.
For …
Exxon weighs Bakken asset sale after getting interest
(Bloomberg) — Exxon Mobil Corp. is considering a sale of assets in North Dakota’s Bakken shale after being approached by interested parties, according to people with knowledge of the matter.
The oil giant could get about $5 billion …
Chesapeake Energy Corporation Completes Acquisition of Chief E&D Holdings, LP and affiliates of Tug Hill, Inc.
Publisher’s Note: Nick Dell’Osso, President & Chief Executive Officer of Chesapeake Energy Corporation will be a Keynote speaker at EnerCom Dallas-The Energy Investment & ESG Conference on April 6-7, 2022.
OKLAHOMA CITY, March 9, 2022…
EXCLUSIVE Iraq’s $27 bln TotalEnergies deal stuck over contract wrangling
BASRA/LONDON, Feb 14 – A $27-billion deal between France’s TotalEnergies <TTEF.PA> and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country’s …
Crescent Point Energy seeks buyer for western Canada oil assets
(Bloomberg) — Canadian light oil producer Crescent Point Energy Corp. is looking to sell a package of lands in Alberta and Saskatchewan that was producing 11,154 barrels of oil equivalent per day as of the fourth quarter of …
Whiting Petroleum announces increase to ownership in its Sanish operating area through acquisitions; 2022 operations guidance; declares first quarterly dividend payment and schedules fourth quarter earnings call 2022
Whiting Petroleum Corporation (NYSE: WLL) (“Whiting” or the “Company”) today announced that it has entered into two separate definitive agreements to acquire non-operated oil and gas assets in the Williston Basin of North Dakota. The Company …
Shell Nigeria oil field sale draws bids from four local firms
(Bloomberg) — Shell Plc’s sale of a multibillion-dollar stake in a joint venture that operates oil fields in Nigeria has attracted bids from four local companies, according to people familiar with the negotiations.
Seplat Energy Plc, Sahara Group …
Tamarack sells first SLB from a North American oil producer
Bloomberg) — Tamarack Valley Energy Ltd. sold a sustainability-linked bond, the first such sale by an oil and gas driller in North America, according to an underwriter of the offering.
The Calgary-based company priced C$200 million ($173 million) …
Cureton Midstream acquires Gilcrest System from Aka Energy Group
Publisher’s Note: EnerCom recently launched the new website for Cureton Midstream.
DENVER, Feb. 2, 2022 /PRNewswire/ — Cureton Midstream, LLC, a growth oriented, Denver-based midstream company focused on developing and operating gas gathering and …
U.S. oil producer Hannathon looks to sell Texas land – documents
Private U.S. oil and gas producer Hannathon Petroleum LLC has retained an investment bank to sell around 18,000 net acres in the Northern Midland basin of Texas, according to marketing documents seen by Reuters.
The assets could be valued …
JPMorgan sells shale driller it picked up following bankruptcy
(Bloomberg) –JPMorgan Chase & Co. is selling Bighorn Permian Resources LLC, an oil and gas producer it took over in 2020 after the company failed to attract bidders during its bankruptcy, to Earthstone Energy Inc. for $860 million.…
Civitas announces DJ Basin acquisition and concurrent CEO transition
DENVER–(BUSINESS WIRE)–Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), a Colorado energy leader and the state’s first carbon neutral oil & gas producer, today announced that it has signed definitive agreements to acquire …
Earthstone Energy announces Midland Basin asset acquisition for ~$860 Million
THE WOODLANDS, Texas, Jan. 31, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire the assets of privately held Bighorn Permian Resources,
EXCLUSIVE-Unit Corp looks to sell Anadarko, Gulf Coast gas assets for $1 bln – sources
Unit Corp UNTC.PK, one of the top U.S. natural gas producers, has hired an investment bank for a sale of its oil & gas producing assets in the Anadarko and Gulf Coast basins that could fetch around $1 …
