Energy Advisors Group’s Post

We have released a Special Report in our Research and Thought Leadership efforts as a continuation of our Market Monitor Series. This latest 28-page Special Report analyzes Diamondback Energy's $26 billion acquisition of Midland-based private Endeavor Energy Resources, LP and provides additional comments, contrast and context to the industry's largest buy of a private E&P. Also, included in this Special Report is a Special Supplement that has individual Deal Sheets for all the large deals transacted in the last 12 months in the Permian Basin. Download The Report Here: https://lnkd.in/g7dpDSrU The principals at Energy Advisors Group have been providing market research and facilitating transactions between buyers, sellers and capital providers for over 30 years. Our research focus provides content, contrast and context to the oil and gas industry. Please reach out to Brian J. Lidsky ([email protected]) to learn more about this report or any of EAG's other market monitor research studies. Current Assignments: https://lnkd.in/epPqcEZ Qualifications & Capabilities: https://lnkd.in/gUKH7wuV Research/Perspectives: https://lnkd.in/g6mjMQ8p #permianbasin #oilandgas #mergersandacquisitions #research

Energy Advisors Group has released a Special Supplement to its recent review of the SCOOP/STACK play in Oklahoma's Anadarko Basin as a continuation of our Market Monitor Series and thought leadership efforts. This 14-page Special Report analyzes Mach Natural Resources (NYSE "MNR") IPO and its subsequent $815 million acquisition of Paloma Resources IV. Download The Full Report Here: https://lnkd.in/g6FpHnip The principals at Energy Advisors have been providing market research and facilitating transactions between buyers, sellers and capital providers for over 30 years. Our research focus provides content, contrast and context to the oil and gas industry. Please reach out to Brian J. Lidsky ([email protected]) to learn more about this report or any of EAG's other market monitor research studies. Current Assignments: https://lnkd.in/epPqcEZ Qualifications & Capabilities: https://lnkd.in/gUKH7wuV Research/Perspectives: https://lnkd.in/g6mjMQ8p #SCOOP #STACK #anadarko #oklahoma #midcon #oilandgas #study #capitalmarkets #mergersandacquisitions

NEWS OF THE DAY! SM Energy Company Eyes $3 Billion Expansion with XCL Resources Acquisition, Boosting Uinta Basin Presence 1. SM Energy (NYSE:SM) is in advanced discussions to buy XCL Resources, a Utah-based oil and gas company. 2. The potential deal values XCL Resources at approximately $3 billion. 3. An announcement about the deal could happen soon, involving XCL's backers, including EnCap Investments. 4. If finalized, the acquisition would expand SM Energy's operations into the Uinta Basin. 5. The Uinta Basin produces a special waxy oil used in lubricants. 6. Currently, SM Energy operates mainly in the Eagle Ford and Midland basins in Texas. =>Please follow Finplate and stay updated with the latest mergersandacquisitions news. Thanks in advance. To read the news in detail, click below: https://lnkd.in/gEnA6ZPC

Vital Energy Expands Permian Basin Footprint with New Working Interest Acquisitions #VitalEnergy recently expanded its holdings in the #PermianBasin by purchasing additional working interests for $55 million. The company has announced that this acquisition will notably increase its working interest across 45 wells, with an average rise of 24%.  This expansion is expected to significantly enhance Vital Energy's projected output for 2024, potentially adding around 1,400 barrels of oil equivalent per day (57% oil) and boosting its 2024 Free Cash Flow by an estimated $20 million. Read more here: https://lnkd.in/d-sGnRfc Rextag's Energy DataLink: One app to meet your #energy #research needs Try it for FREE: https://lnkd.in/dTgbHusx

Energy Advisors Group has released an A&D Deal Alert as we close on 2Q24. This is a continuation of our Market Monitor Series and thought leadership efforts. The full 12-page Special Report highlights two impact deals: - SM Energy Company (80%) and NOG - Northern Oil & Gas, Inc. (NYSE: NOG) (20%) buy XCL Resources in Uinta Basin for $2.55 billion cash - Matador Resources Company buys Ameredev II, LLC in Delaware Basin for $1.9 billion cash Download The 2Q24 Special Report Here: https://lnkd.in/gvAp2rga Please reach out to Brian J. Lidsky ([email protected]) or Blake Dornak ([email protected]) to learn more about this report or any of EAG's other market monitor research studies. We are working hard to expand our thought leadership and look forward to providing additional market insight for our clients through regional perspectives, M&A analysis and market monitor. Current Assignments: https://lnkd.in/epPqcEZ Qualifications & Capabilities: https://lnkd.in/gUKH7wuV Research/Perspectives: https://lnkd.in/g6mjMQ8p #mergersandacquisitions #capitalmarkets #research #consolidation #deals

As a result of the acquisition, Energy Transfer now owns and operates more than 125,000 miles of pipelines and related assets in all the major U.S.-producing regions and markets across 41 states, further enhancing its leadership position in the midstream sector. In August, Energy Transfer announced that it intended to buy rival Crestwood Equity Partners in a deal valued at about $7.1 billion including debt. Under the agreement, Energy Transfer acquires a larger share of energy transport in three top shale basins, adding about 2 billion cubic feet per day (Bcf/d) of gas-gathering capacity, 1.4 Bcf/d of gas-processing capacity and 340,000 barrels per day (bpd) of crude-gathering capacity. https://lnkd.in/g8SdDFgf

My perspective on the evolving landscape of the Oil & Gas industry due to mergers and acquisitions in the link below.

Where does the M&A in the oil and gas industry heading ? What are the trends to look for ? Read Adam Hirschfeld insights

Trio Petroleum: A New Era in Energy   Trio Petroleum, a California-focused oil and gas exploration and production company, is building on a 40-year history of industry success. Our recent initiatives, particularly the development of the South Salinas Project in Monterey County, highlight our commitment to advancing in the energy sector.   The South Salinas Project, our core asset, holds significant potential with an estimated 131 million barrels of oil and 189 billion cubic feet of gas in probable and possible reserves. This project represents a major step forward in our strategy to grow and innovate within the industry.   Having successfully completed our IPO on the New York Stock Exchange, we are poised for further expansion. Our experienced leadership team, including Vice Chairman Frank Ingriselli and CEO Michael Peterson, brings a wealth of knowledge and expertise to our operations.   Trio Petroleum continues to focus on acquiring new assets and enhancing our exploration and production capabilities, aiming to create long-term value for our investors and partners in the evolving energy landscape.   #TrioPetroleum #OilAndGas #EnergySector #Investment Trio Petroleum Corp (NYSE: TPET)   https://trio-petroleum.com

#Upstream News 7/28: $1b Joint #Acquisition - NOG - Northern Oil & Gas, Inc. (NYSE: NOG)Announces Second Joint Acquisition with Vital Energy in the Delaware Basin Joint acquisition with Vital Energy. (“Vital”) of certain assets (the “Point Assets”) of Point Energy Partners (“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 include >4,500 Boe per day (2-stream, excluding NGLs, >75% oil) of recent production and ~4,000 net leasehold and mineral acres, located primarily in Ward County, TX Cash flow from operations on the Acquired Assets expected to be >$75 million in the next twelve months (starting 10/1/2024), based on recent strip prices, representing a transaction multiple on the unadjusted purchase price of <2.9x Strong free cash flow profile on the Acquired Assets with >$40 million expected over the next twelve months (starting 10/1/2024). See “Non-GAAP Financial Measures” below Significant purchase price reduction expected at closing due to April 2024 effective date Transaction to be funded by cash flow from operations, cash on hand and borrowings under NOG’s Senior Secured Revolving Credit Facility Source: https://lnkd.in/gATh9ebE