Giving them Hell in Montana Midfork Play

Laredo Oil subsidiary Hell Creek begins drilling in MT Midfork; Mexican Billionare buys into public E&P's. USEDC deplying $750mm in the Permian. ADNOC spending $150b per year on O&G investments.

Author

Rob Quigley
July 01, 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:

Laredo Oil subsidiary begins drilling in Montana's Midfork.

Laredo Oil Subsidiary Hell Creek Begins Drilling in Montana’s Midfork

Laredo Oil subsidiary Hell Creek Crude LLC began drilling the Reddig 11-21 well in the Midfork Field in Valley County, Montana, according to a June 27 press release.

https://www.hartenergy.com/exclusives/laredo-oil-subsidiary-hell-creek-begins-drilling-montanas-midfork-209660

US Energy Development Corp. to invest $750M in Permian projects World Oil.

Billionaire Carlos Slim ramps up oil bets amid buying spree Bloomberg.

ADNOC's $150 billion investment spree makes it a top dealmaker Bloomberg.

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Daily Headlines

  • US Energy Development Corp. to invest $750M in Permian projects World Oil.

  • US oil output, demand rose in April to four-month high, says EIA Reuters.

  • Oil rises on positive economic outlooks, poised for third weekly gain BOE Report.

  • Chevron confirms rig to drill probe in Namibia exploration hot spot Upstream Online.

  • Oil traders expect large inventory draw in third quarter BOE Report.

  • Russia to begin gas exports to China from Far East in 2027 Natural Gas World.

  • US oil production chalks up another record OilPrice.

  • Laredo Oil subsidiary begins drilling in Montana's Midfork Hart Energy.

  • Construction of Germany's first land-based LNG terminal begins Natural Gas World.

  • Dallas Fed survey: oil and gas activity steady, change on horizon Energy in Depth.

Deal Flow

M&A/Investment

  • US Energy Development Corp. to invest $750M in Permian projects World Oil.

IPO/Direct Listing/Issuances/Block Trades

  • Carlos Slim ramps up oil bets amid buying spree of Talos and PBF Energy Bloomberg.

Debt

  • IPC updates share capital after normal course issuer bid BOE Report.

SPAC

  • No deals match this criterion

Bankruptcy/Restructuring/Distressed

  • No deals match this criterion

Fundraising

  • No deals match this criterion

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