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Berry to Acquire Basic Energy Services California Business in Bankruptcy Auction

2021-08-18 22:30:00| OGI

The transaction provides a growth opportunity for the E&P operator to play a larger role in plugging and decommissioning the significant portfolio of orphan and idle wells in California, estimated to be a $6 billion market, says Berry CEO Trem Smith.

Tags: services business basic california

Energy A&D Transactions from the Week of Aug.18, 2021

2021-08-18 20:45:00| OGI

Heres a snapshot of recent energy deals including BHPs exit from the oil business through the merger of its petroleum assets with Woodside in an all-stock merger valued at roughly $13 billion.

Tags: week energy transactions

U.S. Energy Development Acquires Permian Asset Targeting Wolfcamp Shale

2021-08-18 18:15:00| OGI

U.S. Energy Development is on track to continue making investments in the Permian Basin and intends to reach $150 million in projects focused in the Permian by year-end 2021, says CEO Jordan Jayson.

Tags: development energy asset targeting

Marketed: Ridgefield Energy Partners Delaware Basin Nonop, Minerals

2021-08-18 18:05:00| OGI

Ridgefield Energy Partners retained Detring Energy Advisors for the sale of oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Delaware Basin in Pecos, Loving and Reeves counties, Texas.

Tags: partners energy delaware basin