Acquisitions and Divestitures – Page 4

Ovintiv exceeds divestiture target, announces Eagle Ford sale and updates guidance

March 25, 2021

Oil and Gas 360 DENVER, March 24, 2021 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the signing of an agreement to sell its Eagle Ford assets to Validus Energy for $880 million. With this sale, the Company has exceeded its divesture target and, with other items, now anticipates year-end 2021 debt to be below $5 billion using its 2021 planning price deck of $50 WTI

Chevron announces agreement to acquire Noble Midstream Partners

March 5, 2021

Simplifies governance and corporate structure Enables further integration i…

Baker Hughes signs agreement to acquire ARMS Reliability to strengthen asset performance management portfolio

February 18, 2021

Baker Hughes ARMS Reliability brings a broad range of industrial asset management solutions and expertise to build on Baker Hughes’ portfolio and service capabilities Acquisition reinforces Baker Hughes’ commitment to accelerate the digital transformation of industrial assets, expanding reach in sectors including mining, power, manufacturing, and utilities. HOUSTON & LONDON–(BUSINESS WIRE)–Feb. 18, 2021– Baker Hughes (NYSE: BKR) has announced it is acquiring ARMS Reliability, a leading

CorEnergy Announces Acquisition of Crimson’s California Pipeline Assets

February 5, 2021

Consideration Includes Sale of Grand Isle Gathering System CorEnergy Infras…

Northern Oil and Gas, Inc. Announces Transformational Acquisition in the Marcellus Shale

February 5, 2021

HIGHLIGHTS Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern&…

Devon-WPX deal offers a playbook for future shale consolidation

September 29, 2020

Reuters The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector. In contrast to the bankruptcies of the past three months, Devon Energy DVN.N‘s $2.56 billion all-stock, low premium deal for rival WPX Energy WPX.N brings together two companies with assets in a few oil-producing basins and relatively low debt levels. Investors supported the idea

Brahman Resources Partners, LLC Woodford Shale Opportunity Terrell and Pecos Counties, Texas – EnergyNet

September 25, 2020

Certain oil and gas properties and related assets located in the Woodford Shale (the “Properties”) owned by Brahman Resource Partners, LLC (the “Seller”) are being offered for sale. EnergyNet (“EN”) has been retained by Brahman Resource Partners, LLC as the exclusive advisor to assist with this transaction. ID: 70267. Bids Due: 10/07/2020 at 5:00 PM CDT. Effective date of sale

Ridge Runner Resources Operating, LLC Permian Basin –- Wolfcamp A Shale Opportunity Lea County, New Mexico – EnergyNet

September 25, 2020

Certain oil and gas properties and related assets located in the Permian Basin/Wolfcamp Shale (the “Properties”) owned by Ridge Runner Resources Operating, LLC (the “Seller”) are being offered for sale. EnergyNet (“EN”) has been retained by Ridge Runner Resources Operating, LLC as the exclusive advisor to assist with this transaction ID: 71450. Bids Due: 10/14/2020 at 4:00 PM CDT. Effective

Ridge Runner Resources Operating, LLC Permian Basin – Permian Basin – Wolfcamp D Shale Opportunity Lea County, New Mexico – EnergyNet

September 25, 2020

Ridge Runner Resources Operating, LLC Permian Basin – First Bone Spring Sand Opportunity Lea County, New Mexico – EnergyNet

September 25, 2020

Wheat Energy Partners, LLC – Delaware Basin Opportunity 2,034.072 Net Acres Ready to Drill Reeves County, Texas

September 23, 2020

Parsley Energy, Inc. Big Tex Opportunity Pecos County, Texas 24 producing wells

September 10, 2020

43 Well Package (Operations) plus 11,625.18 Net Leasehold Acres Pecos County, Texas Big Tex Opportunity Opportunity Highlights Click to view Executive Summary Operated Working Interest in 43 Wells: 100.00% to 87.509368% WI / 75.000001% to 68.627342% NRI 24 Producing Wells | 7 Shut-In Wells | 8 Temporarily Abandoned Wells | 1 Suspended Well | 3 P&A’d Wells 6-Month Average Net

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