Top Story | Deals - On The Market | Deals - Acquisition, Mergers, Divestitures
Supermajor Mulling Sale of Permian Basin Portfolio; Could Fetch Up to $10B
Print
|
Shell is considering selling off its Permian Basin portfolio, according to multiple reports.
If a deal is struck, this would only add to the huge upswing in deals seen over the last couple of months. A large swath of them have been focused in the Permian Basin.
It remains to be seen if the company will opt to divest its entire asset base in the Permian (see map below) or just a select portion of it, as the potential sale is in the early stages.
According to sources, Shell's Permian portfolio could fetch a purchase price of up to $10 billion. The company acquired the assets from Chesapeake Energy Corp. back in September 2012 for a purchase price of $1.9 billion.
This move comes shortly after investors amped up pressure on Shell to reduce its carbon emissions and begin increasing investments in renewable energy sources. The supermajor has indicated that by 2025, approximately 25% of its capital budget will be devoted to such projects.
Shell's Permian Assets
Shell currently has 260,000 net acres in the Permian. Current production is just below 200,000 BOEPD.
MapShell's assets are in yellow.
More Deals - On The Market News
Chesapeake Engages Evercore to Market Eagle Ford Portfolio
Chesapeake Energy Corp. has tapped investment banking firm Evercore to assist in selling its Eagle Ford asset portfolio, according to a report by Bloomberg. In early August, Chesapeake…
Exxon Puts Gas-Heavy Appalachian Assets Up for Sale
ExxonMobil has placed its Ohio Utica shale assets up for grabs, according to a report by Nasdaq. Per marketing documents viewed by Reuters, the assets, which are located…
Large PE-Backed Permian E&P Looking for Buyer; Deal Value Could Top $2.0B
Advance Energy Partners is on the hunt for a buyer, according to a report by Reuters. Asset Portfolio Advance Energy Partners is backed by Encap Investments and its…
Bakken Operators Looking to Divest 36,000 Barrels Per Day
Norwegian business daily is reporting that Equinor is looking to sell its 36,000 barrels of oil per day bakken assets (as of 11/2020). “We have not made a…
Report: Ovintiv Looking to Sell Eagle Ford Assets
Ovintiv Inc. (formerly Encana) is making moves to put its Eagle Ford assets on the market, according to a report by Reuters. Citing two people familiar with the…
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…