This is your Hart Energy A&D Minute, powered by A&D Strategies and Opportunities Conference.
Talos Energy plans to buy EnVen Energy for $1.1 billion, increasing their Gulf of Mexico production by 40% in order to build a "leadership position" in the Gulf of Mexico.
Momentum Midstream acquired Midcoast’s East Texas business and Align Midstream, which establishes a leading presence in the Haynesville Shale alongside what Momentum CEO Frank Tsuru says is a “first of its kind net negative gas gathering project.”
And Summit Midstream Partners sold its North Dakota Bison gas gathering system for $40 million to streamline its portfolio and focus on growing its crude oil and produced water gathering systems in the Williston Basin, according to CEO Heath Deneke.
This Hart Energy A&D Minute is powered by A&D Strategies and Opportunities Conference on Oct. 26 in Dallas. Watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at HartEnergy.com/newsletters/ad-watch.
Recommended Reading
Mexico Pacific Appoints New CEO Bairstow
2024-04-15 - Sarah Bairstow joined Mexico Pacific Ltd. in 2019 and is assuming the CEO role following Ivan Van der Walt’s resignation.
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
First Solar’s 14 GW of Operational Capacity to Support 30,000 Jobs by 2026
2024-02-26 - First Solar commissioned a study to analyze the economic impact of its vertically integrated solar manufacturing value chain.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
Excelerate Declares Quarterly Cash Dividend
2024-02-26 - Excelerate Energy’s dividend is payable March 28 to Class A common stockholders of record by March 13.