Acquisitions & Divestitures - Joint Ventures

Seaport Global Securities Launches Upstream A&D Division

In addition, Tom Schaefer and Andy Taurins have joined Seaport as managing directors to co-head the firm's A&D investment banking team.

2017/04/13

Bankrupt Vanguard Assailed As It Tries To Deal Midland Acreage

Occidental Petroleum is a stalking horse bidder for Vanguard's Glasscock County, Texas, acreage, which it agreed to buy for $78 million.

2017/04/03

Ares Launches $300 Million JV With Midland’s E&P Endeavor Energy

Ares’s newly formed Development Capital Resources made $450 million in JV commitments, including one with an operator in the Stack/ Scoop.

2017/04/03

Red Leaf, Total E&P USA End Utah Oil Shale JV

Total E&P USA Oil Shale LLC will exit an oil shale project in eastern Utah after reaching an agreement with development partner Red Leaf Resources Inc., the companies said March 31.

2017/04/03

Schlumberger, Weatherford JV Creates $3.8 Billion Frack Leviathan

The JV, called OneStim, will rival Halliburton’s frack fleet in the U.S. and Canada and further shrinks the pressure pumping marketplace to the detriment of smaller companies, an analyst said.

2017/03/27

Schlumberger, Weatherford To Form OneStim JV

The JV will offer 'one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry,' according to the release.

2017/03/24

Recent Moves Highlight Evolution Of PE In Midstream

Two segments—smaller producers and water services—are providing investment opportunities, especially in the prolific Permian Basin.

2017/02/27

YPF, Shell Sign Deal For Vaca Muerta Pilot Project

Both companies will take a 50% stake in the Bajada de Añelo Field to develop a pilot program, which will be operated by Shell, YPF said in a statement. The agreement is subject to approval by provincial authorities, and Shell’s investment will come in two phases, YPF said.

2017/02/24

After Prosperous 2016, Private Equity Makes Its Plays

In fourth-quarter 2016, nearly all of the $11.9 billion in transactions were made by public companies purchasing from private-equity firms.

2017/02/22

Black Stone Minerals Forms JV For Haynesville/Bossier Wells

The agreement with Canaan Resource Partners covers certain Haynesville and Bossier shale acreage in the Shelby Trough operated by XTO Energy Inc.

2017/02/22

Matador’s Midstream JV Plugs Delaware Capex Hole

Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.

2017/02/17

California Resources To Accelerate Activity With $250 Million JV

The Los Angeles-based company formed a joint venture with Benefit Street for the investment of up to $250 million for the development of opportunities in its conventional and unconventional assets.

2017/02/16

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