Which oil companies just made major acquisitions in the Permian and Midland Basins? Find out in this A&D Minute with Hart Energy Live.
Calgary-based Suncor is boosting its position trying to secure long-term bitumen supply and help Total grow shareholder returns. Suncor agreed to purchase Total’s entire Canadian operations for about $4 billion.
U.S. Energy Development Corp. acquired a working interest in the Mascot Project assets in the Midland Basin, which include multiple producing properties, midstream assets and undeveloped drilling locations. U.S. Energy expects to spend about $130 million over the next two years developing the project.
Elk Range Royalties announced buying mineral and royalty interests in the Midland Basin from an unnamed private seller and funded the deal through its equity backing from private equity firm NGP. This marks the third closed deal in the Eagle Ford for the company this year. Do you think we'll see more?
Tune in next week for your Hart Energy Live A&D Minute, powered by the SUPER DUG Conference and Exhibition May 22-24. Be the first to watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/transactions.
Recommended Reading
DUG GAS+: Chesapeake in Drill-but-don’t-turn-on Mode
2024-03-28 - COO Josh Viets said Chesapeake is cutting costs and ready to take advantage once gas prices rebound.
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
2024-05-02 - Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.
Commentary: Fact-checking an LNG Denier
2024-03-10 - Tampa, Florida, U.S. Rep. Kathy Castor blamed domestic natural gas producers for her constituents’ higher electricity bills in 2023. Here’s the truth, according to Hart Energy's Nissa Darbonne.
Segrist: The LNG Pause and a Big, Dumb Question
2024-04-25 - In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Silver Linings in Biden’s LNG Policy
2024-03-12 - In the near term, the pause on new non-FTA approvals could lift some pressure of an already strained supply chain, lower both equipment and labor expenses and ease some cost inflation.