HEADLINES: ExxonMobil's Permian Deals; Souki's Tellurian Buys In Louisiana

We’re two weeks away from A&D Strategies and Opportunities conference and workshop. There, you can hear top executives and capital providers dissect recent deals. Here are a few recent A&D transactions.

ExxonMobil says its tacked on 22,000 Permian Basin acres since May, through acquisitions and trades and that adds to its reservoir of 6 billion barrels of oil equivalent in the Midland and Delaware basins.

PDC Energy acquired and traded core Wattenberg acreage in Weld County, Colorado, including a $210 million bolt-on deal. The transactions will create two new positions in the Wattenberg, along with its existing Kersey area operations.

Halcón Resources said it will sell its remaining Williston Basin assets in two transactions worth a total of $110 million. These latest divestitures complete its transformation into a pure-play Delaware Basin E&P.

Chaparral Energy added up to $100 million in funding through a drill-co with a Bayou City Energy subsidiary, nearly doubling its budget in the stack.

Houston’s Zarvona Energy will purchase Trinity River Resource assets and average production of about 3,000 barrels of oil equivalent per day for $50 million. The sale included 165 wells in the Woodbine Sandstone and Austin Chalk.

In the midstream, Charif Souki’s Tellurian said it plans to buy 9,200 net acres in Red River, Desoto and Natchitoches parishes, in Louisiana for $85.1 million in a bid to undercut Henry Hub prices and further position itself for LNG exports from a proposed Driftwood Terminal near Lake Charles.

The A&D Strategies and Opportunities conference and workshop will be at the Omni hotel in Dallas October 12-13.

In other news, a U.S. House Committee is investigating whether Russia has tried to influence U.S. public opinion on fossil fuels and asked Facebook, Twitter and Alphabet to turn over information about Russian entities that may have bought anti-fracking advertisements.

U.S. Energy Secretary Rick Perry asked an oil industry advisory council to help find ways for oil drillers to exploit technology that captures carbon emissions.

Finally, the Energy Information Administration says U.S. crude stockpiles dropped as refineries restarted after Hurricane Harvey.

Sources:

• ExxonMobil Strides Through Permian, Bolts-On 22,000 Net Acres
• PDC Energy Expands Center Of Mass Through Wattenberg Deals
• Halcón Agrees To Sell Remaining Williston Assets For $110 Million
• Chaparral Energy Supercharges Stack Capex With JV
• Zarvona Energy Buys East Texas Assets Out Of Bankruptcy
• Souki’s Tellurian Grabs Haynesville Acreage For LNG Exports
• US Lawmakers Ask Facebook, Twitter For Information On Anti-fracking Ads
• Rick Perry Asks Oil Industry To Study Carbon Capture Technology
• EIA: US Crude Stockpiles Drop As Refineries Restart After Harvey