Acquisitions & Divestitures - Exclusives
Midland-based Diamondback Energy has announced more than $10 billion in acquisitions in a week. Also, Exxon Mobil leads high bidders in U.S. Gulf of Mexico lease sale.
Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.
The transaction comes days after Diamondback Energy said it would add to its Northern Midland position with the roughly $1.25 billion cash-and-stock purchase of Ajax Resources.
Carrizo now has 46,000 net acres in the Delaware Basin including 26,300 net acres in its Phantom area.
The change in investor sentiment has in turn altered how private-equity sponsors and portfolio companies exit.
As the next U.S. Gulf of Mexico lease sale nears, analysts believe there could be a slight increase in bidding activity.
In China, tariff rhetoric kept heating up, this time over LNG with the country threatening a 25% tariff on U.S. imports.
Altus Midstream will open with a market value of $3.5 billion as it becomes a power player in the Permian Basin.
Diamondback Energy will add top-tier horizontal drilling locations across three zones in the Northern Midland Basin to its portfolio as part of the Ajax acquisition.
CEO Jeff Fisher is turning a vision into reality for Ascent Resources in Ohio’s Utica Shale.
Analysts still question possible risks associated with BP’s agreement to acquire most of BHP’s prized U.S. shale assets despite the deal being considered transformational for the British oil major.
Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.