Non-Core Assets Starting to Move

Diamondback sells ~$500mm of non-core assets in Q2 while on hold for Endeavor deal; Coterra’s ‘Meritocracy of Ideas’, the Ray Dalio Model; EOG Testing 700 ft Spacing, Ohio's Utica Oil Window Sees Success; U.S. Shale Production Could Surprise to the Upside.

Author

Rob Quigley
August 06, 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:

Diamondback sells ~$500mm of non-core assets in Q2 while on hold for Endeavor deal.

Diamondback, on Hold for Endeavor Deal, Divests in Delaware Basin

Diamondback Energy sold non-core assets in the Delaware Basin in the second quarter and collected $375 million for its share of a midstream asset sale as its waits to close a $26 billion acquisition of Endeavor Energy Resources.

www.hartenergy.com/exclusives/diamondback-hold-endeavor-deal-divests-delaware-basin-210032

Coterra’s ‘Meritocracy of Ideas’, the Ray Dalio Model.(hartenergy.com)

EOG Testing 700 ft Spacing, Ohio's Utica Oil Window Sees Success.(hartenergy.com)

U.S. Shale Production Could Surprise to the Upside.(oilprice.com)

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

  • Coterra’s ‘Meritocracy of Ideas’, the Ray Dalio Model.(hartenergy.com)

  • EOG Testing 700 ft Spacing, Ohio's Utica Oil Window Sees Success.(hartenergy.com)

  • Oil Prices Rise Over 1% on Mounting Concerns Over Middle East Supply.(boereport.com)

  • U.S. Shale Production Could Surprise to the Upside.(oilprice.com)

  • Brent Likely to Hold $75/bbl Floor Despite Macro Fears, Goldman Says.(boereport.com)

  • Shell Targets Start of Canadian LNG Export Project Mid-2025.(hartenergy.com)

  • Kosmos Eyes 2024 Green Light for 100 Million Barrel US Project.(upstreamonline.com)

  • Nigeria Loses $1,000 per Barrel of Crude Oil It Exports.(oilprice.com)

  • Libya's Biggest Oil Field Sharara Fully Halts Production in Alleged Political Blackmail Stunt.(worldoil.com)

  • Natural Gas in Pennsylvania Shapes the Presidential Race.(marcelluscoalition.org)

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