Acquisition

Permian Basin-focused independent Earthstone Energy Inc. said Monday it would boost its footprint in the area with a $73.2 million acquisition. The company is buying the assets in the Midland sub-basin from two undisclosed sellers for a mix of stock and $49.2 million in cash. The deal is expected to close in the middle of…

Lagoon Water Midstream on Tuesday said it has closed the acquisition of Midland, TX-based Double Drop Resources, a Permian Basin-focused water management company. The acquisition “significantly expands Lagoon’s operations and establishes it as a multi-basin water management company with a presence in the heart of the Permian,” according to Lagoon, which is backed by Macquarie…

Boardwalk Pipeline Partners LP is boosting its footprint in Louisiana with the acquisition of natural gas pipeline assets from Varibus LLC. The Houston-based midstreamer said last week its newly formed subsidiary Boardwalk Louisiana Gas Transmission LLC acquired the assets for an undisclosed sum earlier this month. Details on the transaction were scarce, but Boardwalk said…

Calgary-based Enerplus Corp. is selling off a small bundle of oil and natural gas interests in Montana and North Dakota for $115 million, but the Williston Basin remains a priority, the CEO said.   Stakes are being sold in Montana’s Sleeping Giant field and North Dakota’s Russian Creek area of the Williston, home to the Bakken…

Houston’s SilverBow Resources Inc. has continued its Lower 48 acreage expansion amid high commodity prices with a new natural gas-rich acquisition.  The latest deal is an estimated $33 million all-stock transaction with an undisclosed seller. SilverBow is gaining 45,000 net acres in the Eagle Ford Shale of South Texas, bolstering its gas-weighted position in McMullen…

Oklahoma City-based Chesapeake Energy Corp. is going back to the future, agreeing Wednesday to pay $2.2 billion for one of the Haynesville Shale’s biggest natural gas producers, Vine Energy Inc. The announcement hearkened to the past, when Chesapeake took advantage of low natural gas prices in the mid-2000s to build the biggest Lower 48 portfolio…

Houston-based Callon Petroleum Co. expects to control more than 110,000 net acres in the Permian Basin’s Delaware formation after clinching an estimated $788 million cash-and-stock deal to buy private explorer Primexx Energy Partners Ltd.  Primexx, headquartered in Dallas, has around 35,000 net acres in the Delaware sub-basin within Reeves County in West Texas. The partnership…

Oil Search Ltd., which has operations in Alaska and Papua New Guinea, has rejected a takeover bid by Australian independent Santos Ltd. that valued the combined entity at A$22 billion ($16.11 billion). The deal would have given Santos a foothold in the Papua New Guinea liquefied natural gas (LNG) scene, considered some of the lowest-cost…

Kinder Morgan Inc. is looking to make a bigger splash in the energy transition space with the $310 million acquisition of Kinetrex Energy, a renewable natural gas (RNG) and small-scale liquefied natural gas (LNG) player. Indianapolis-based Kinetrex claims to be the largest supplier of LNG in the Midwest with two LNG production facilities in Indianapolis.…