Gary Bryan’s Post

#PermianBasin consolidation at it's finest with Matador Resources Company acquiring Ameredev II, LLC for $1.9b (all cash by the way 🤑 ) While a nice jump in immediate production, I think the big item to note is the undeveloped acres - 431 gross (371 net) locations across the #Wolfcamp and #BoneSpring. This makes them an even larger force in the Permian where everything is at a premium and long term runway is critical. This brings Matador to: 🔷 190,000 net acres in the #Delaware 🔷 180,000+ boe/d 🔷 2,000 net undrilled locations Congrats to them for getting it done! Also, will be interesting to see if Ameredev III is coming. https://lnkd.in/gc4wt433 #oilandgas #energyindustry #quorumsoftware #energytech #mergersandacquisitions

“Matador Resources in $1.91 bln deal to expand in Delaware basin. Ameredev is part of EnCap Investments and the deal marks a second significant transaction Matador has done with the private-equity firm in the last 18 months. Matador said the deal, expected to close in the third quarter, includes a 19% stake in Pinon Midstream that owns assets in southern Lea County in New Mexico. Following the deal close, Dallas, Texas-based Matador expects to have over 190,000 net acres in the Delaware Basin, and production of more than 180,000 barrels of oil equivalent per day (boepd) on a pro forma basis.” https://lnkd.in/gTzQtZpW

While opinions vary on Shale Oil, the fact is the U.S. has access to the largest Oil reserves in the world. Devon Energy's proposed merger w/ Enerplus will make this sector even more efficient and available. #Devon #Bakken #Shale #Conco #Engineering https://lnkd.in/ggK-XyBN

The Permian, Eagle Ford and Bakken plays accounted for 93% of tight oil production in 2023. Shippers in November moved more oil out of the U.S. than what was produced in Iraq, OPEC’s second-largest member, at a record 4.5 million barrels a day.” Both Exxon and Chevron plan to further boost their footprint and oil production in the U.S. and the South American country. Until a few months ago, the key growth driver was higher drilling activity and improved efficiency in the Permian. Now, major acquisitions worth more than $50 billion for each of the two supermajors are set to add to organic growth and further boost their oil production from the world's premier growth basins.

Diamondback Energy of Midland, Texas, is acquiring Endeavor Energy Resources for around $26 billion, strengthening its position in the Permian shale basin. The deal, which includes Endeavor's debt, will increase Diamondback's daily production to 816,000 barrels of oil equivalent. Diamondback's market cap soared by 10% to nearly $30 billion post-announcement. CEO Travis Stice lauded the alignment of cultures between the two companies. The transaction, endorsed unanimously by Diamondback's board, is projected to yield annual synergies of $550 million. It involves a mix of stock and $8 billion in cash, with Diamondback's existing shareholders claiming a 60.5% stake in the merged entity. Endeavor was highlighted as a top acquisition target in the Permian. #mergersandacquisitions #business #oilandgas #oil #businessowner

#controlledby Energy The future at Controlled Investments powered by Investordata.ai has never looked better. If any of what we are working on interests you, we would be happy to connect over a call to discuss more in detail: - Celebrating Mountain V’s 30 year anniversary, as we execute against what we believe is one of the best lower middle market $200M acquisition strategies in the Appalachian Basin & Marcellus shale, coming off our acquisition of the AXP assets. - Sky Quarry’s IPO on the Nasdaq ($60M in revenue / $6M in EBITDA, and a clear path to doubling revenue with the restart of their second oil refinery in Nevada) - Oil Field Services company IPO in April in the Permian Basin that’s grown from an initial $300k investment to $12M a year in revenue / $2M in EBITDA in less than 5 years, and is poised for organic and acquisition growth, leading the way in providing Field Services to Major Permian Operators (MORE INFO AVAILABLE UPON REQUEST) - A number of offmarket / ahead of market producing asset + drilling programs in the Permian Basin and in Oklahoma (600-900 barrel a day production packages - if the deal is not already in active discussion with one of our Investors, we are happy to share more information upon execution of NDA) - Major follow on acquisitions ahead in Saltwater Disposal Wells and Water Recycling Technology in the Permian Basin - We partner with multiple groups that are actively buying and assessing Oil Field Services acquisition opportunities. If you are contemplating a partial or full sale of your company, or are seeking a joint venture partner, please contact us today! * * * * * * * #investor #investors #privateequity #publiccompany #ipo #crowdraise #fundraise #venturecapital #vc #familyoffice #ria #money #investments #capitalraise #oilandgas #oilindustry #oil #naturalgas #oilinvestments #oilprice #investing #investment #invest #realestate #texas #texasoil #cleanenergy #esg #hydrogen #privateplacement #regd #accreditedinvestor #registeredinvestmentadvisor #public

Perenco acquires Cherne and Bagre Last week, Perenco announced the acquisition of 100% of 𝗖𝗵𝗲𝗿𝗻𝗲 𝗮𝗻𝗱 𝗕𝗮𝗴𝗿𝗲 fields for US$10 million. Situated in the shallow waters of the Campos Basin, these fields were discovered by Petrobras in the 1970s and had been producing since the early 1980s. In early 2020, both areas were put on hibernation due to the COVID pandemic and have been non-operational ever since. According to a news release from Perenco, they plan to start a redevelopment of the assets in 2025, with an expected production goal of 10,000 to 15,000 bpd of potentially over 50 million barrels of reserves. As part of this strategy, the Anglo-French company plans to construct a new pipeline connecting to the Pargo field further north, acquired at the end of 2018 alongside Carapeba and Vermelho fields. #Perenco #Petrobras #CamposBasin #Oilandgas #oil #presalt #acquisition #Brazil #discovery #barrel #katalystdm #Geopost

𝘾𝙝𝙚𝙫𝙧𝙤𝙣 𝘼𝙙𝙫𝙖𝙣𝙘𝙚𝙨 𝘿𝙞𝙫𝙚𝙨𝙩𝙞𝙩𝙪𝙧𝙚 𝙋𝙡𝙖𝙣 𝙬𝙞𝙩𝙝 $6.5 𝘽𝙞𝙡𝙡𝙞𝙤𝙣 𝘼𝙨𝙨𝙚𝙩 𝙎𝙖𝙡𝙚 𝙩𝙤 𝘾𝙖𝙣𝙖𝙙𝙞𝙖𝙣 𝙉𝙖𝙩𝙪𝙧𝙖𝙡 𝙍𝙚𝙨𝙤𝙪𝙧𝙘𝙚𝙨 Chevron is advancing its asset divestiture strategy by selling its interests in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources Limited (CNRL) for $6.5 billion. This all-cash deal, part of a broader plan to divest $10 to $15 billion by 2028, is expected to close in Q4. The assets in Alberta have been contributing 84,000 barrels per day to Chevron's production. Post-sale, Canadian Natural will ramp up its control to 90% of the Athabasca project, aiming to increase production by 2025 significantly. This transaction is anticipated to enhance Canadian Natural's cash flow and earnings immediately, evidenced by its recent dividend increase. #EnergySector #AssetManagement #CorporateStrategy #Divestiture #OilAndGasIndustry https://lnkd.in/g78A5bC8

The Permian now represents about 73% of APA's total company adjusted production and is expected to account for 75% of their upstream capital expenditures in 2024. The increased scale in the Permian is expected to enhance production consistency and capital efficiency, with cost synergies estimated at $250 million by year-end 2024. Get APA drilling report https://lnkd.in/gtg6Tx-f

What a way to start the week (Post NAPE): Diamondback Energy's bold $26 billion acquisition of Endeavor Energy Resources places the company at the forefront of the shale industry and positions it as a leading operator in the vital Permian basin. This significant cash-and-stock deal continues the post-COVID consolidation trend in the oil and gas sector, where the maturing shale development means "core areas" are increasingly scarce. The move not only leapfrogs major players in the Permian but also positions Diamondback to navigate ongoing industry consolidation independently (for now). Beyond symbolizing a strategic shift, the merger should boost operational efficiency by leveraging the combined assets of both companies, realizing economies of scale, reducing redundancy, and enhancing market access for their products. In the context of sustained global oil demand, this acquisition highlights the critical importance of securing valuable leases for future production. #NAPE #Dianmondback #endeavor #EPValuation https://lnkd.in/gv25KCkG