Acquisitions & Divestitures

Nostra Terra Buys Permian Basin Assets From Tall City Exploration

Nostra Terra Oil and Gas acquired Permian Basin assets from Tall City Exploration that quadrupled the U.K.-based company’s Permian footprint and added potential for horizontal development.

10:20 am
Executive Q&A: Oasis Petroleum Goes South

Executive Q&A: Oasis Petroleum Goes South

Long-time Bakken pure-player Oasis Petroleum expanded its portfolio into the competitive Delaware Basin. Is the deal an expansion of its program, or the prelude to an eventual portfolio makeover? Or both?

October 19, 2018
Upstream M&A Activity Surges By 250% In Record Quarter

Upstream M&A Activity Surges By 250% In Record Quarter

BP’s $10.5 billion acquisition of a portion of BHP’s U.S. onshore portfolio highlighted M&A activity in the U.S. during the third quarter, a report by Drillinginfo says.

October 19, 2018
Earthstone Boosts Midland Footprint With $950 Million Sabalo Acquisition

Earthstone Boosts Midland Footprint With $950 Million Sabalo Acquisition

Earthstone Energy agreed to acquire EnCap-backed Sabalo, which is expected to more than double the company’s Midland Basin footprint.

October 17, 2018
Ultra Petroleum Relocates To Denver Area Following Utah Exit

Ultra Petroleum Relocates To Denver Area Following Utah Exit

As a result of the $75 million sale of its Utah asset, Ultra’s portfolio now consists only of its Pinedale Field position in Southwest Wyoming.

October 17, 2018

SandPoint Resources Forms With Equity Commitment From Carnelian

SandPoint is a San Antonio, Texas-based independent oil and gas company with a management team that has a deep history in the acquisition and development of South Texas assets.

October 16, 2018
Range Sells Interest In Prized Marcellus Leases For $300 Million

Range Sells Interest In Prized Marcellus Leases For $300 Million

Range agreed to sell overriding royalty interest in leases where the company pioneered the Marcellus Shale in Washington County, Pa.

October 15, 2018
Nine Expands With $493 Million Magnum Oil Tools Acquisition

Nine Expands With $493 Million Magnum Oil Tools Acquisition

Analysts expect the acquisition of Magnum—the number two player in dissolvable frack plugs—to give Nine Energy Service ‘incremental exposure’ to the downhole tools market.

October 15, 2018

EPIC Buys South Texas NGL Facility From Southcross

EPIC’s purchase will also include a  pipeline for the Robstown facility to receive NGL from various pipelines that allow the delivery of fractionated products to several Corpus Christi-area markets

October 10, 2018
Antero To Simplify Midstream In ‘Win-Win-Win’ Transaction

Antero To Simplify Midstream In ‘Win-Win-Win’ Transaction

Antero Midstream is set to combine with its general partner and emerge as a C-corp entity under a new moniker.

October 9, 2018
Ryan Keys, CEO of Midland Basin operator Triple Crown Resources LLC, speaks at Oil and gas Investor's A&D Strategies and Opportunities conference in Dallas. (Source: Hart Energy)

A&D Strategies: Private Operators Ready To Seize Opportunities For Deals

Even transactions that seem transparently well-conceived are facing harsh investor reactions, leading private operators to conclude that someone else—like themselves—will have to step up when opportunities emerge...

October 9, 2018
Earthstone Targets Acreage Trades To Boost Permian Laterals

Earthstone Targets Acreage Trades To Boost Permian Laterals

Analysts estimate Earthstone tacked on a net increase of 2,677 acres to its position in the Midland Basin for less than $6,000 per acre.

October 8, 2018

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