Acquisitions & Divestitures
Post Oak Energy Capital, LP through investment partnerships it manages, has led a $100 million equity commitment to Saxet III Minerals LLC. The management team will co-invest alongside Post Oak.
Morgan Stanley report examines which stocks are best positioned to benefit from monetization trend.
PGP Holdings 1 retained Meagher Energy Advisors to sell Midcontinent Basin and Texas Panhandle nonoperated production and leasehold.
EnerVest Energy has engaged TenOaks Energy Advisors for the sale of certain operated assets in the San Juan Basin in San Juan and Rio Arriba counties, N.M.
Wexpro retained EnergyNet for the sale of certain oil and gas properties and related assets located in the South Moxa Arch in Wyoming.
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.
Carrizo now has 46,000 net acres in the Delaware Basin including 26,300 net acres in its Phantom area.
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.