Bison's DJ Land Grab

Quantum Capital's Bison acquires 210k net acres over 20 months in the DJ. Diversified acquires another East Texas gas asset for $87mm; Apache considers $1B Sale of Permian Basin Asset. Oxy Pays Down $3B Debt to Strengthen Balance Sheet.

Author

Rob Quigley
August 21, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

Quantum Capital's Bison acquires 210,000 net acres over 20 months in the D-J Basin.

Dusting Off the D-J: Bison Acquires 210,000 Net Acres in 20 Months

Since finding backing from Quantum Energy Partners, Bison Oil & Gas IV has built an 83% HBP position in the Denver-Julesburg Basin, including more than 400 net locations and an average 20,000 boe/d, says CEO Austin Akers.

www.hartenergy.com/exclusives/dusting-d-j-bison-acquires-210000-net-acres-20-months-210184

Diversified acquires another East Texas gas asset for $87mm with an undisclosed buying partner.(DivEnergy)

APA Corp. Considers $1B Sale of Permian Basin Assets.(WorldOil)

Occidental Pays Down $3B Debt to Strengthen Balance Sheet.(Rigzone)

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

Daily Headlines

  • Hedge funds increase investments in the energy sector.(OilPrice)

  • Refracs could unlock 3,000 new drilling locations in Bakken.(WorldOil)

  • Chevron's Permian Basin portfolio sees significant growth.(HartEnergy)

  • Big Oil profits as clean fuel startups falter.(OilPrice)

  • Australia's Beetaloo Shale project gets major status.(UpstreamOnline)

  • Battle with oil and gas field leakers intensifies.(HartEnergy)

  • SPAC-focused energy investment surges in 2024.(ProactiveInvestors)

  • NextDecade scraps CCS project for Rio Grande LNG.(HartEnergy)

Deal Flow

M&A/Investment

  • Quantum Capital's Bison acquires 210,000 net acres over 20 months in the D-J Basin.(HartEnergy)

  • Diversified acquires another East Texas gas asset for $87mm with an undisclosed buying partner.(DivEnergy)

  • APA Corp. Considers $1B Sale of Permian Basin Assets.(WorldOil)

IPO/Direct Listing/Issuances/Block Trades

  • Enbridge announces tendered conversion of Series 3 shares.(HartEnergy)

Debt

  • Occidental reduces its debt by $3 billion.(Rigzone)

Fundraising

  • Caliche receives investment from Sixth Street to expand storage facilities.(HartEnergy)

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