Deals & Trends

RSP Permian said it has signed a letter of intent to buy about 4,000 net Midland acres from a company owned by RSP affiliates while simultaneously opening up millions of shares for purchase.

Earthstone made multiple purchases in the Eagle Ford in June and also did a miniature deal in the Bakken, but continues to look for another core to hold.

The Oklahoma City company entered into an agreement to acquire the Piñon Gathering Co. LLC from EIG Global Energy Partners for $126 million.

Miller Energy was closing in on $165 million in financing in the summer until the lender pulled out, citing an SEC investigation and the involuntary bankruptcy of a subsidiary.

Anchorage already owns a third of the Beluga River Unit’s interest and is considering adding 5,700 acres ConocoPhillips is divesting. The purchase has encountered little opposition.

“We had trouble competing because we were not willing to buy in to and underwrite deals based on what we viewed to be substantial price upside on the oil side,” said Scott R. Smetko, director, in a webcast at EnerCom’s The Oil & Gas Conference.