Acquisition

PennEnergy Scoops Up Rex Energy Portfolio for $600M

Rex Energy Corp., which filed for bankruptcy in May, said this week that it has entered a deal to sell all of its oil and gas assets in western Pennsylvania and eastern Ohio to PennEnergy Resources LLC for $600.5 million.

August 30, 2018

Williams Enters DJ Basin in $1.2B Deal, Sells Four Corners Assets to Harvest

Williams (WMB) will add Colorado’s “premium-growth” Denver-Julesburg (DJ) Basin to its oil and natural gas midstream portfolio in a joint venture (JV) with KKR & Co. to buy Discovery DJ Services from TPG Growth in a $1.173 billion deal, the Tulsa-based company said Monday.

July 30, 2018
KKR-Backed Partnership Acquires More Eagle Ford Assets

KKR-Backed Partnership Acquires More Eagle Ford Assets

Affiliates of Venado Oil and Gas LLC and Kohlberg Kravis Roberts & Co. LP (KKR) have again scooped up assets in the Eagle Ford Shale of South Texas from an undisclosed seller.

July 5, 2018
Kimbell to Acquire Haymaker Assets for $404M, Boosting Position in Permian, Midcontinent

Kimbell to Acquire Haymaker Assets for $404M, Boosting Position in Permian, Midcontinent

Kimbell Royalty Partners LP plans to solidify its position in the Permian Basin and the Midcontinent by acquiring all mineral and royalty interests held by Haymaker Resources LP and Haymaker Minerals & Royalties LLC in a deal valued at $404 million.

May 31, 2018

Leucadia Unit Snags Bakken Acreage for $190M

Vitesse Energy Finance on Monday expanded its stake in the Bakken Shale in North Dakota with the $190 million purchase of 23,000 net acres.

April 11, 2018
Energy Hunter Bolts-On Acreage in Permian

Energy Hunter Bolts-On Acreage in Permian

Energy Hunter Resources Inc. has cut a deal to nearly double the size of its position in the Permian Basin’s San Andres oil play by agreeing to acquire 8,817 gross acres in Cochran County, TX, from Lubbock Energy Partners LLC.

April 4, 2018
Permian Dealmaking Leads 1Q Worldwide Transactions, Led by Concho-RSP Merger

Permian Dealmaking Leads 1Q Worldwide Transactions, Led by Concho-RSP Merger

Supported by U.S. dealmaking in the Permian Basin, global upstream transactions hit $32 billion in the first quarter, according to oil and gas information provider 1Derrick.

April 4, 2018

Sumitomo Eyeing U.S. Onshore Growth in Takeover of OCTG Supplier Champions

Japan’s Sumitomo Corp. has set its cap to buy Houston-based Champions Cinco Pipe & Supply LLC, whose global oilfield business provides equipment to U.S. onshore customers.

March 22, 2018

Investors Yearning for Simplicity After EQT, Rice Tie-Up Breeds Natural Gas Juggernaut

EQT Corp. produced an astounding 4 Bcfe/d in December, its first full month of integrated operations after completing the acquisition of Rice Energy Inc. in a deal that gave rise to the nation’s largest natural gas producer.

February 15, 2018

Pin Oak’s Buying Spree Continues in Series of Appalachian Deals

Upstart Pin Oak Energy Partners LLC has acquired another 70,000 net acres in Ohio and Pennsylvania that are prospective for the Utica Shale through a series of transactions with undisclosed sellers that closed this month.

February 12, 2018