Delaware Basin – Oil & Gas 360

Landbridge completes acquisition of 46,000 acres in Delaware basin

December 23, 2024

(World Oil) – LandBridge has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners, LLC, a Vitol investment. The Wolf Bone Ranch acquisition strategically expands LandBridge’s position in Reeves and Pecos Counties, Texas, an important region for both oil and natural gas production,

Matador Resources Company announces contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC

December 5, 2024

(Oil & Gas 360) – DALLAS–(BUSINESS WIRE)–Dec. 5, 2024– Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has executed a definitive agreement whereby Matador would contribute Pronto Midstream, LLC (“Pronto”), Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream, LLC, Matador’s midstream joint venture (“San Mateo”), for a total implied valuation of Pronto of approximately $600 million. At the closing of the transaction, Matador will receive

Occidental announces progress on divestiture and debt reduction program

July 29, 2024

Oil and Gas 360 Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million Additional dispositions in 2024 with total purchase price proceeds of approximately $152 million bring total year-to-date proceeds of closed or announced divestments to $970 million Sales proceeds will go toward reducing debt HOUSTON — July 29, 2024 — Occidental (NYSE:

NOG announces second joint acquisition with Vital Energy in the Delaware Basin

July 29, 2024

Oil and Gas 360 HIGHLIGHTS Joint acquisition with Vital Energy, Inc. (“Vital”) of certain assets (the “Point Assets”) of Point Energy Partners, LLC (“Point”), a Vortus Investments company (“Vortus”) for $1.1 billion NOG purchasing a 20% undivided stake in the Point Assets (the “Acquired Assets”) for $220 million in cash (all numbers below are net to NOG) The Acquired Assets

Matador Resources Company announces strategic bolt-on Delaware Basin acquisition

June 12, 2024

Oil and Gas 360 DALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the “Ameredev Acquisition”). The Ameredev Acquisition also includes

Earthstone Energy announces $1.0 billion Delaware Basin acquisition

June 15, 2023

Oil and Gas 360 Highly Accretive Transaction in Delaware Basin Meaningfully Increases Scale THE WOODLANDS, Texas, June 15, 2023 (GLOBE NEWSWIRE) — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our”, or “we”) today announced that it has entered into an agreement (the “Agreement”) to acquire Novo Oil & Gas Holdings, LLC (“Novo”), a privately-held Delaware Basin focused E&P company

Matador closes $1.6 billion Delaware basin acquisition from EnCap

April 13, 2023

World Oil (WO) – Matador Resources Company announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners Holdings, LLC (“Advance”) from EnCap Investments L.P., including Advance’s oil and natural gas producing properties and undeveloped acreage in Lea County, New Mexico and Ward County, Texas (the “Advance Transaction”). The consideration paid upon the closing of the Advance Transaction

NOG announces additional core Northern Delaware Basin bolt-on acquisition

October 11, 2022

Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the acquisition of Northern Delaware Basin properties. DELAWARE BASIN ACQUISITION NOG has entered into a definitive agreement to acquire certain non-operated interests (the “Assets”) in the Delaware Basin from a private seller (the “Seller”) for a purchase price of

NOG announces core Northern Delaware Basin bolt-on acquisition

October 3, 2022

Oil and Gas 360 HIGHLIGHTS Bolt-on acquisition of core non-operated working interest properties in the Northern Delaware Basin for an initial purchase price of $157.5 million Average production of ~3,000 to 3,500 Boe per day (68% oil, 2-stream) expected for 2023, generating an estimated $46.5 to $54.3 million of unhedged cash flow in 2023 at strip pricing as of September

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

PDC Energy to Acquire SRC Energy

August 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 PDC Energy to acquire SRC Energy in all-stock transaction valued at approximately $1.7 billion PDC Energy Inc. (stock ticker: PDCE), an independent E&P based out of Denver, has entered into a definitive agreement to acquire SRC Energy Inc. (stock ticker: SRCI), also located in Denver, in an all-stock transaction valued at

Concho Resources and Solaris Water Form JV in the Delaware Basin - Oil & Gas 360

H2O Midstream Acquires Sabalo Energy Assets, Closes 15-Year Agreement

August 21, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 H2O Midstream purchases produced water infrastructure from Sabalo Energy and executes a 15-year acreage dedication H2O Midstream LLC, a water infrastructure company based in Houston, has acquired produced water infrastructure from Sabalo Energy LLC, concurrent with the execution of a 15-year acreage dedication to provide produced water gathering, disposal and recycling

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