Top Story | Deals - Acquisition, Mergers, Divestitures
BHP Puts Multi-Play Permian Packages on the Market
Print
|
Scotia Waterous (USA) Inc. has been retained as exclusive financial advisor by BHP Billiton Inc. for the sale of a portion of the Company’s Permian assets in the Delaware and Midland Basins.
The Permian Basin is one of the world’s most productive and widely recognized hydrocarbon bearing regions, and is currently experiencing a significant increase in activity due in part to a multitude of emerging oil-prone unconventional plays.
Background to SaleBHP, an exploration and production company with a global asset portfolio, has elected to sell its interest in 250,000 net acres in the Permian Basin (165,000 net acres in the Delaware Basin and 85,000 net acres in the Midland Basin). The sale does not represent an exit from the Permian Basin as BHP will retain a significant interest in both the…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…