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
Gunvor Group Inks Purchase Agreement with Texas LNG Brownsville
2024-03-19 - The agreement with Texas LNG Brownsville calls for a 20-year free on-board sale and purchase agreement of 0.5 million tonnes per annum of LNG for a Gunvor Group subsidiary.
CERAWeek: LNG to Play Critical Role in Shell's Future, CEO Says
2024-03-19 - Sawan said LNG will continue to play a critical role adding that LNG currently makes up around 13% of gas sales but was expected to grow to around 20% in the coming 15 to 20 years.
CoolCo, GAIL Enter Long-term LNG Agreement
2024-05-16 - CoolCo and GAIL’s agreement is intended to secure long-term LNG supply in India’s market, with GAIL having an option to extend the 14-year agreement by another two years.
Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1
2024-03-06 - Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.
NextDecade Targets Second Half of 2024 for Phase 2 FID at Rio Grande LNG
2024-03-13 - NextDecade updated its progress on Phase 1 of the Rio Grande LNG facility and said it is targeting a final investment decision on two additional trains in the second half of 2024.