This is your Hart Energy A&D Minute with Jordan Soto and powered by A&D Strategies and Opportunities Conference.
Brigham Minerals and Sitio Royalties Corp. agreed to a 4.8 billion dollar all-stock merger, which brings together two of the largest public companies with 30% of its coverage in the Permian Basin.
Devon Energy and Delfin Midstream are teaming up for a floating LNG project. This non-binding agreement gives Devon long-term access to a floating LGN vessel with capacity of 1 million tons per annum.
And in California, the sun's finally setting on a 25-year-old Exxon Mobil and Shell partnership after the companies' said they will sell Aera Energy to German asset manager IKAV for $4 billion and additional payments based on future oil prices.
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
CGG to Change Name to Viridien
2024-05-17 - The company’s new ticker symbol will be “VIRI” and listed on Euronext Paris, effective May 21.
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
2024-05-17 - There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
SilverBow Resets Shareholder Meeting After $2.1B Crescent Deal
2024-05-16 - SilverBow Resources said it will adjourn its May 21 shareholders’ meeting until May 29 following Crescent Energy’s agreement to buy the Eagle Ford operator.
Blue Racer Midstream Prices Senior Notes Offering
2024-05-15 - Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
Petrobras CEO Prates to Step Down
2024-05-15 - Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.