In this week's video: QEP Resources doubles down on the Permian with a tit-for-tat pairing of deals totaling nearly $1.5 billion.
In other A&D news, EOG Resources is shopping 340,000 net acres in the Green River Basin and Laredo Petroleum launched a sale for the Medallion-Midland Basin pipeline, possibly bringing in $2.2 billion in proceeds.
Additionally, former Lt. Gov. David Dewhurst chatted with Hart Energy on camera about prospects in the Permian Basin. His company, Falcon Seaboard, recently launched a $145 million investment fund that aims to buy up acreage in the prolific basin.
Sources:
Recommended Reading
Baytex Prices Upsized Private Placement of Senior Notes
2024-03-15 - Baytex intends to use the proceeds to pay a portion of outstanding debt on its credit facilities and general corporate purposes.
The OGInterview: Petrie Partners a Big Deal Among Investment Banks
2024-02-01 - In this OGInterview, Hart Energy's Chris Mathews sat down with Petrie Partners—perhaps not the biggest or flashiest investment bank around, but after over two decades, the firm has been around the block more than most.
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
The One Where EOG’s Stock Tanked
2024-02-23 - A rare earnings miss pushed the wildcatter’s stock down as much as 6%, while larger and smaller peers’ share prices were mostly unchanged. One analyst asked if EOG is like Narcissus.