Politics Over Returns?

Private Equity’s Renewables, Hydrocarbon Challenge; Ovintiv to Divest Permian Assets Amidst M&A Rumors; Summit Midstream acquires Tall Oak Midstream III in $450mm deal; Texas Pacific Land Corporation Acquires Permian Oil and Gas Mineral and Royalty Interests in Cash Transaction; Prairie Operating finalizes DJ Basin asset purchase from Nickel Road for $84.5mm.

Author

Rob Quigley
October 03, 2024

Good morning. VSO will be at the Hart Energy Capital Conference today. Reach out if you're in Dallas for the day! There's a good article by Hart on the challenges of PE fundraising with the headline 'Politics Over Returns?'. Lots of deals announced today! Summit acquires Tall Oak Midstream for $450 million. Texas Pacific Land makes a $286 million cash purchase of Permian minerals. Prairie Operating buys Nickel Road for $84 million. AND, OVV is divesting Permian assets after M&A rumors surface. Let's drill down!

Daily Headlines

  • Politics Over Returns? Private Equity’s Renewables, Hydrocarbon Challenge Hartenergy$$$

  • Uinta Railroad Up for Review as Supreme Court Term Begins Hartenergy$$$

  • Will the US port strike raise gas prices? What you need to know Google news

  • Could the Arkansas lithium boom be over before it starts? Google news

  • EIA: This Week in Petroleum EIA.com

  • Talos Energy adopts poison pill after Slim’s interest grows BizJournals

  • Executives predict higher crude oil prices amid uncertainty Rigzone

  • Chevron restarts gas production in Israel after brief halt Oil and Gas 360

  • Libyan disruption impacts OPEC output in September Rigzone

Deal Flow

M&A/Investment

  • Summit Midstream acquires Tall Oak Midstream III in $450mm deal Hart Energy$$$.

  • Texas Pacific Land Corporation Acquires Permian Oil and Gas Mineral in $286mm Cash Transaction Google news

  • Prairie Operating finalizes DJ Basin asset purchase from Nickel Road for $84.5mm World Oil.

  • Ovintiv to Divest Permian Assets Amidst M&A Rumors Hartenergy$$$

  • SM Energy and NOG finalize $2.6 billion Uintah Basin acquisition Hart Energy$$$.

  • Diamondback's Viper closes $900mm Midland royalty deal for Tumbleweed (Double Eagle guys) Hart Energy$$$.

  • Axis Energy, Brigade Energy merger announcement BizJournals.

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.

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