FourPoint Energy transforms its Anadarko Basin toehold into a firm boot print, but for Chesapeake it’s uncertain how much in proceeds the company will receive for its outside backed subsidiaries.
Companies are motivated by ambition and opportunity, while sellers are trying to get ahead of debt or stay afloat in a turbulent year for A&D.
The Ontario Teachers’ Pension Plan buys oil and gas royalty company Heritage Royalty for C$3.3 billion to acquire one of the largest royalty, mineral interests in Canada despite down commodity prices.
The partnership could serve as a launching point for continued growth in the region, analyst says.
New Standard’s drilling and operating program in the Eagle Ford has been overseen by its majority shareholder, Magnum Hunter Resources Corp.
Only a portion of the Utica and Marcellus pipeline was up for sale, but a premium bid worth hundreds of millions changed CEO Gary Evans’ thinking.
Freeport-McMoran Oil & Gas Inc. controls millions of acres in Texas, California, Louisiana and Africa, but low oil prices have stifled investment and will hurt growth.
Diamondback has its critics, but the company continues to defy expectations with deals, upped production and costs low enough to boast a $30 WTI breakeven.
Energy XXI will receive $245 million in cash for about 150 miles of pipeline from CorEnergy Infrastructure Trust but as part of the deal will lease and operate the pipeline.
The Energy Transfer Equity offer to acquire Williams could complicate the company’s plan to absorb its MLP, Williams Partners, and strain the partnership’s unit prices, an analyst said.
The company is working feverishly to cut costs, and an analyst says the company may seek more acreage deals in the San Juan Gallup oil play.
Appalachian operator Rex Energy drifts higher above debt concerns but needs to sell off more assets to cover overspending in the next few years.
|Mid||USD 257.5||Members only||Energy XXI Ltd.|
|E&P||USD 18.4||Members only||New Standard Energy Ltd.|
|Mid||USD 837.5||Members only||Bridger Logistics LLC|
|E&P||USD 0||Members only||Gale Force Petroleum|