Acquisitions & Divestitures - Exclusives

EOG Resources’ Legacy South Texas Assets On The Market

EOG Resources’ South Texas asset package, being marketed for sale by TenOaks Energy Advisors, comprises operational control in legacy fields in the prolific Frio trend area.

December 10, 2018

E&Ps Defy Uncooperative Market, Continue Deal Making

Oil and gas producers are increasingly under siege by investors—activists and otherwise, most recently targeting Denbury Resources’ purchase of Penn Virginia.

December 10, 2018

Headlines: All Eyes On Vienna, Oil Cut Agreement Waits On Russia

Plus, Mexico's new president takes a stance with oil majors, Berry Petroleum exits East Texas for California and Scotland-based Wood to build an NGL pipeline in West Texas.

December 6, 2018

Berry Petroleum Exits East Texas To Focus On California Black Oil

An undisclosed company, which Berry Petroleum CEO Trem Smith described as a local operator, agreed to acquire the East Texas Basin position where production is 100% gas for $6.7 million.

December 4, 2018

Forty Under 40: Austin T. Lee, Bracewell

Austin T. Lee, Bracewell partner who helped lead the team that represented Parsley Energy in its $2.8 billion acquisition of Double Eagle Energy last year, is today’s Forty Under 40 honoree.

December 3, 2018

Taking Stock

The more detailed a Permian Basin acreage map is, the more it resembles a Jackson Pollock painting rendered on a Lite-Brite.

December 3, 2018

ExxonMobil Turns To Solar, Wind For Power In Permian

The oil major has signed power-purchase agreements with Lincoln Clean Energy, which was acquired this year by Danish wind provider Ørsted.

November 29, 2018

Forty Under 40: Brian Hansen, Vortus Investments

Brian Hansen, principal of private-equity firm Vortus Investments who previously spent 14 years working for Pioneer Natural Resources, is today’s Forty Under 40 honoree.

November 21, 2018

Lonestar Resources Tacks On Eagle Ford Acreage At ‘Attractive Price’

Lonestar Resources acquired producing properties in an area of the Sugarkane Field that CEO Frank D. Bracken III said features some of the thickest Lower Eagle Ford shale in South Texas.

November 20, 2018

Cimarex To Acquire Delaware Basin ‘Bolt-on’ Resolute Energy For $1.6 Billion

Cimarex CEO Tom Jorden said Delaware Basin pure-play Resolute Energy, which has faced recent investor pressure to pursue a sale or merger, is a ‘bolt-on asset tailor-made for Cimarex.’

November 19, 2018

QEP Resources Exits Haynesville In $735 Million Sale To Aethon Energy

The sale follows several other divestitures marking regional exits including QEP Resources’ recent $1.7 billion Williston sale as the company aims to become a Permian Basin pure-play.

November 19, 2018

Williams, Brazos Midstream JV To Take On Permian Basin Gas Takeaway

Despite a lingering natural gas takeaway problem for Permian Basin producers, analysts note an opportunity exists for midstream operators as pipeline FIDs to date ‘merely maintain status quo.’

November 16, 2018