Quantum Leap for Caerus Opportunity

Quantum Capital's $1.8B acquisition of Caerus; Oxy approaches $45B debt reduction target; Apache plans to continue divestment of ~$2b after Callon deal; Civitas touting the results of 4-mile laterals in the DJ Basin.

Author

Rob Quigley
August 20, 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 expands in the Rockies with a $1.8B acquisition of Caerus Oil and Gas assets, signaling major growth.

Quantum Capital to Acquire Caerus Oil & Gas Assets for $1.8 Billion

Quantum Capital has agreed to purchase Caerus Oil & Gas assets for $1.8 billion. This acquisition marks a significant expansion for Quantum Capital in the energy sector, reflecting its strategic focus on increasing its portfolio in oil and gas investments.

www.reuters.com/markets/deals/quantum-capital-acquire-caerus-oil-gas-assets-18-bln-2024-08-19

Occidental Petroleum approaches $45B debt reduction target after asset sale.(HartEnergy)

Apache plans to continue divestment of ~$2b after Callon deal.(HartEnergy)

Civitas touting the results of 4-mile laterals in the DJ Basin.(HeartEnergy)

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

  • Occidental Petroleum approaches $45B debt reduction target after asset sale.(HartEnergy)

  • Apache plans to continue divestment of ~$2b after Callon deal.(HeartEnergy)

  • Texas oil industry urges Congress to pass crucial permitting reform.(BHPioneer)

  • Civitas touting the results of 4-mile laterals in the DJ Basin.(HeartEnergy)

  • Lateral Moves: Navigating the Evolving Oil and Gas Industry.(pboilandgasmagazine.com)

  • Apache Unveils Strategy to Increase Natural Gas Production: Apahe nat gas growth.(EgyptOil)

  • Oil Prices Drop Due to Weak Chinese Economic Data.(Oilprice)

  • U.S. LNG sector faces challenges balancing growth with sustainability.(Oilprice)

  • SLB and Palo Alto Networks partner to enhance O&G cybersecurity.(WorldOil)

Deal Flow

M&A/Investment

  • Quantum Capital acquires assets from Caerus Oil and Gas for $1.8B, expanding in Rockies.(Reuters)

  • Occidental Petroleum sells $700M worth of Western Midstream assets, nearing debt target.(HoustonBizJournals)

  • Diversified Energy closes a deal with Crescent Pass to acquire gas assets in East Texas.(OGJ)

Fundraising

  • Texas oil regulator sets a new $9.2M fundraising record with strong energy industry backing.(OpenSecrets)

  • Harold Hamm, oil billionaire, raises millions for Trump in pivotal fundraising effort.(JournalRecord)

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