That Deal was EPIC

Phillips 66 to acquire Epic Natural Gas Liquids business for strategic expansion; Kimbell Royalty Partners Adds to Permian Portfolio with $231MM Deal; Middle Three Forks in North Dakota shows great untapped oil potential; Shale Outlook Eagle Ford: Sustaining the Long Plateau in South Texas; Biden Bans New Oil and Gas Drilling Along Most U.S. Coasts

Author

Rob Quigley
January 08, 2025

Good morning and Happy New Year! There are a few deals flowing to kickoff 2025. Philips 66 acquiresa Epic NGL for $2.2B. Kimbell Royalty Partners adds to their Permian assets for $231mm. In the news, Hart proclaims that the Middle Three Forks has 'great untapped potential'. We'll see... Let's drill down!

Daily Headlines

  • Middle Three Forks in North Dakota shows great untapped oil potential. HartEnergy$$$

  • Shale Outlook Eagle Ford: Sustaining the Long Plateau in South Texas Hart Energy$$$

  • Biden Bans New Oil and Gas Drilling Along Most U.S. Coasts NYtimes

  • In 2024, U.S. retail gasoline prices averaged about 20 cents less than in 2023 Eia

Deal Flow

M&A/Investment

  • Phillips 66 to acquire Epic Natural Gas Liquids business for strategic expansion. BizJournals

  • Kimbell Royalty Partners Adds to Permian Portfolio with $231MM Deal Hart energy$$$

  • Varel Energy Solutions Acquires Ace Well Technology Hart energy$$$

  • PakEnergy Acquires Petrosight to Expand Well Software Platform Hart Energy$$$

  • US Energy Corp. Closes Divestiture of East Texas Assets Hart Energy$$$

IPO/Direct Listing/Issuances/Block Trades

  • Flowco Holdings launches IPO to seek a valuation of up to $2 billion. OilAndGas360

Debt

  • Williams Cos. Prices $1.5B of Senior Notes Hart Energy$$$

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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