Acquisitions and Divestitures – Page 3

Diamondback Energy, Inc. announces Midland Basin acquisition

October 11, 2022

Oil and Gas 360 MIDLAND, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy LLC (“FireBird”) in exchange for 5.86 million shares of Diamondback common stock and $775 million of cash. The cash portion of this transaction is expected

Canadian Overseas Petroleum increases reserves, values after Cuda Energy acquisition

September 13, 2022

World Oil Canadian Overseas Petroleum Limited, an international oil and gas exploration, production and development company with operations focused in Wyoming, United States, announced a material increase to its oil and gas reserves and net revenue resulting from the acquisition of the assets of Cuda Energy LLC. The company has received a Reserve Report prepared by Ryder Scott Company

Brigham Minerals, Inc. announces core Midland Basin acquisition

August 23, 2022

Oil and Gas 360 AUSTIN, Texas–August 22, 2022 (BUSINESS WIRE)– Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals,” “Brigham,” or the “Company”), today announced it has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests in the Midland Basin from royalty funds managed by Avant Natural Resources, LLC and its affiliates for approximately $132.5 million in

NOG announces Midland Basin bolt-on acquisition

August 17, 2022

Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that it has entered into an agreement to acquire properties in the Midland Basin. HIGHLIGHTS Bolt-on acquisition of high oil cut, core non-operated working interest properties in the Midland Basin for $110 million Average production >1,800 Boe per day (2-stream,

Upstream mergers and acquisitions fall to $12 billion during ‘challenging quarter’

July 14, 2022

World Oil Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q2 2022 upstream M&A. Overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both commodity and equity markets. Despite that, about $12 billion was transacted in upstream M&A as numerous private equity (PE) firms

Tellurian announces Haynesville Shale acquisition for $125 million

July 13, 2022

Oil and Gas 360 HOUSTON–(BUSINESS WIRE)– Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale. The purchase price is $125 million, subject

Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million

June 28, 2022

Oil and Gas 360 Publisher’s Note: Earthstone Energy, Inc. will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022 in Denver. Register to attend. THE WOODLANDS, Texas, June 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire the New Mexico assets of

Sitio Royalties announces highly accretive Permian Basin acquisitions

June 27, 2022

Oil and Gas 360 DENVER–(BUSINESS WIRE)– Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced it has (i) completed the acquisition of over 19,700 net royalty acres (“NRAs”) in the Permian Basin from Foundation Minerals, a Midland-based portfolio company of Quantum Energy Partners, for approximately $323 million (the “Foundation Acquisition”) and (ii) entered into a definitive purchase and

Report shows U.S. upstream mergers and acquisitions open strong in 2022

April 13, 2022

World Oil Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q1 2022 M&A activity. As the M&A market marched into the new year, $14 billion in deals were announced during the first quarter of 2022. The $6 billion transacted in January 2022 was the strongest M&A market launch in five years. However, the last

Enterprise buys into Permian natural gas market with $3.3B acquisition

January 11, 2022

World Oil (Bloomberg) –Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin. The acquisition, Enterprise’s largest since 2014, will expand the company’s reach into the Midland Basin, part of the Permian,

Decarbonization goals fuel talent acquisition in energy-intensive industries

December 22, 2021

World Oil As companies target net zero emissions by 2050, industrial decarbonization gathers momentum to embrace novel technologies, smart policies, robust investments, and new business models. To drive such initiatives, talent hiring is on the rise across industries, according to GlobalData, a leading data, and analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData, comments: “The recent boom around

Civitas adds premium assets in DJ Basin with all-stock acquisition of Crestone Peak Resources

June 7, 2021

Enhances Civitas’ Scale and Synergy Potential, with Addition of Crestone’s Highly Complementary and Adjacent Assets Crestone Operations Support Civitas’ Commitment to Achieve Net-Zero Emissions DENVER, June 07, 2021 (GLOBE NEWSWIRE) — Civitas Resources, Inc. (“Civitas” or the “Company”), a Colorado energy leader that will be formed upon closing of the recently-announced merger of Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza

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