The Stacked Pay

“Don’t get me wrong, I’ve never run a business that operated within cash flow, but they all could have operated within cash flow some day.” - Floyd Wilson

[Collin McLelland 🏴‍☠️ @FracSlap]

@clintbarnette Had a good source tell me the other day that Exxon is close on the Endeavor acquisition

[The Stacked Pay @stackedpay]

@mr_skilling #okc

[The Stacked Pay @stackedpay]

UpCurve Energy II Secures Equity Commitment from Post Oak Energy Capital https://t.co/8Y2MFYjVjI

[The Stacked Pay @stackedpay]

$CDEV sells 6,200 net acres in Reeves County to Henry Resources and Pickering Energy Partners for $101MM.

[Oil and Gas Investor @OilnGasInvestor]

Marketed: BC Operating Delaware Basin Nonoperated Working Interests https://t.co/P35pGICMYV

[The Stacked Pay @stackedpay]

@clintbarnette Have y’all looked at the goodland lime?

[Shariq Khan @shariqrtrs]

Update on EP Energy w/ @davidj_french - Buyout firm EnCap agreed to take over both its Uinta & Eagle Ford assets for around $1.5 billion, per sources. EnCap will divvy up the assets among 2 portcos based on geographical footprint.
#EFT #OOTT #eagledford
https://t.co/G0bs4ollyP

[The Stacked Pay @stackedpay]

@clintbarnette Why didn’t y’all take this down? No lease, no grease.

[The Stacked Pay @stackedpay]

@RobertClarke_WM @WAR527 @tynerenergy Here's a map of the Oxy acreage acquired:

[RAWenergy @WAR527]

E&P news of the day: Colgate (Energy, not the University) agrees to buy $500 mm in Permian assets from $OXY. As usual, "core" assets for Colgate, "non-strategic" assets for $OXY.

This follows closely an all-stock deal that Colgate did to acquire Luxe Energy earlier this
/1

[RAWenergy @WAR527]

$DECPF adds on Barnett assets for $180 mm after acquiring Cotton Valley assets for $135 mm recently. Term sheet for proposed offering specifies metrics of 70% of PDP PV10, 3.5X EBITDA, 16 MBOEPD and $3.00/mboe (nat gas, so $0.50/mcfe)

https://t.co/tRndW0IkSI

[The Stacked Pay @stackedpay]

$OAS sells Permian assets for $481MM. https://t.co/VC5CpvZRZM

[The Stacked Pay @stackedpay]

$OAS enters Delaware Basin with $946MM acquisition of Forge Energy. https://t.co/IQarjcH6I4

[The Stacked Pay @stackedpay]

@JacobCorley https://t.co/Hbmy4apY9h

[Collin McLelland 🏴‍☠️ @FracSlap]

I’m starting a new segment where I highlight people on oilfield LinkedIn calling out other people and companies for not paying invoices and other miscellaneous disputes.

There are so many now and it’s great.

[The Stacked Pay @stackedpay]

"We are especially pleased to have Davis Walker and Tyler Thomason round out our operations team with Ted. We see these additions as analogous to the 1990 Dallas Cowboys trifecta of Aikman, Irvin and Smith; we are on track to win some championships," said Smith.

[The Stacked Pay @stackedpay]

Energy Industry Veteran Ted Williams Joins @EnCorePermian as Partner and Chief Operating Officer https://t.co/peDXKgdi0X

[The Stacked Pay @stackedpay]

$MNRL acquired 300 net royalty acres, primarily in the Midland Basin, for $2.3MM in Q2 2020. https://t.co/rsYpI68vTA

[The Stacked Pay @stackedpay]

Hawthorne Energy, led by John Oberg and Marc Shatzer, announces commitment from Carnelian Energy Capital. https://t.co/tqlok7tpop

[Rachel Butt @rachel_butt]

Sheridan I files for a prepack plan, aiming for a 24-hour confirmation. Lenders are slated to get 100% of the new equity, a USD 150m exit term loan and any avail cash above USD 20m on the effective date of the plan. Hearing is set for 2:30pm CT today.

[The Stacked Pay @stackedpay]

In 2019, $FLMN acquired 147 100% royalty acres (1,176 net royalty acres) for $22.6MM. https://t.co/Ip1vcU3Oo7

[The Stacked Pay @stackedpay]

After days of hearings, a bankruptcy judge signed off on EP Energy Corp.’s $3.3 billion bankruptcy-exit plan https://t.co/cwOSTJhKgD via @WSJ