This is your A&D Minute with Hart Energy LIVE at URTeC in Denver. This E&P is getting out of America's hottest oil field. Chord Energy is shedding non-core assets in the Permian to streamline its focus on the Williston Basin. Chord closed a deal to sell assets in the Central Basin platform to private operator BCP Resources. The CEO Barry Portman tells us the deal effectively triples BCP's production in the Permian.
Eagle Ford dealmaking continues after a hot first quarter for the mature South Texas play. Mesquite Energy sold its Caterina Ranch asset, which it's had in its portfolio since the company's predecessor Sanchez Energy [acquired the asset from Shell in 2014], to Black Mountain Oil and Gas, and they've lined up a separate divestiture in the area with Crescent Energy just last month.
Ovintiv closed an acquisition in the Permian to significantly boost its footprint in the Midland Basin. The company scooped up three EnCap-backed E&Ps and a deal worth nearly $4.3 billion and closed a separate deal to sell its entire Bakken position to another EnCap portfolio company.
And that's your A&D Minute with Hart Energy LIVE at URTeC in Denver. Watch new A&D Minute episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/transactions.
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