Page 12 - NorthAmOil Week 10 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

UPSTREAM “The Chief transaction deepens our premium president/COO, Steve Habachy, and CFO,
inventory, allowing us to allocate additional Drew Cozby.
Petro-Hunt completes capital toward our world class Marcellus in less than six months, WildFire is fulfilling
“As the second major acquisition closed
Shale position and accelerate returns for
Delaware Basin acquisition our shareholders. With the integration of its vision as a lead consolidator in the eastern
Eagle Ford. The drive and energy of our team
these assets into our existing portfolio, we
Petro-Hunt Permian, a fully owned subsidiary look forward to generating greater free cash has been relentless in boosting production,
of Petro-Hunt, has completed the acquisition flow, growing our dividend programs, and identifying efficiencies, and growing the
from APR Operating LLC (dba Admiral improving our GHG emissions metrics as contiguous acreage position. With an oil-
Permian Resources) of predominantly we continue to responsibly deliver reliable, weighted asset and a core position in this part
operated oil and gas production and leasehold affordable, lower carbon energy in 2022 and of the basin, we are well-positioned to acquire
in Northwest Reeves and Northeast Culberson beyond.” more value-accretive assets in our area,”
Counties, Texas, in the Delaware Basin. CHESAPEAKE ENERGY, March 09, 2022 said Steve Habachy, President and COO of
Current gross operated production from WildFire Energy.
the assets being acquired is approximately WildFire Energy announces “With the closing of this strategic
7,000 bpd and 100 mmcfper day on 21,430 acquisition, WildFire Energy will bring more
net acres of leasehold. Petro-Hunt plans to Eagle Ford acquisition of barrels to market from a previously dormant
commence an active development drilling program at a crucial time for the world
programme on these assets later this year. MD America Energy economy. In addition, with this adjacent
Petro-Hunt is a privately owned acquisition, WildFire will be able further
exploration and production company WildFire Energy, today announced the leverage economies of scale optimising
headquartered in Dallas, TX. Including acquisition of approximately 45,000 net acres production in an efficient and sustainable
the acquired assets Petro-Hunt and its and 200 operated wells in the East Texas Eagle manner,” added WildFire Energy CEO,
subsidiaries and affiliates’ current gross Ford from MD America Energy. WildFire Anthony Bahr.
operated production capacity is approximately funded the acquisition of MDAE with equity Locke Lord LLP served as the legal
57,000 bpd and 220 mmcf per day. contributions from sponsors, Warburg Pincus advisors for WildFire Energy.
PETRO-HUNT, March 09, 2022 and Kayne Anderson, and the company’s WILDFIRE ENERGY, March 07, 2022
upsized revolving credit facility.
Chesapeake Energy 556 gross wells on 210,000 net acres in the DOWNSTREAM
With the acquisition, WildFire will operate
Corporation completes eastern Eagle Ford encompassing Burleson, Cheniere and Engie
Brazos, Robertson, Madison, Lee, and
acquisition of Chief E&D Grimes counties of Texas. With the addition increase volume and
of MDAE’s December 2021 production of
Holdings and affiliates of approximately 3,200 boepd (85% liquids), the extend term of LNG sale and
combined entity expects to produce ~16,000
Tug Hill net boepd (91% liquids) in 2022.
The MDAE acquisition follows WildFire’s
Chesapeake Energy today announced it successful acquisition of Hawkwood Energy, purchase agreement
has completed its previously announced an independent exploration and production Cheniere Energy announced today that its
acquisition of Chief E&D Holdings and company in August 2021. subsidiary, Corpus Christi Liquefaction, has
associated non-operated interests held by WildFire Energy is an independent energy agreed with Engie to amend the liquefied
affiliates of Tug Hill. platform company formed to acquire and natural gas (LNG) sale and purchase
Nick Dell’Osso, Chesapeake’s President optimize production-weighted oil and gas agreement (as amended, the SPA) the parties
and Chief Executive Officer, commented, assets and is led by CEO, Anthony Bahr, previously entered into in June 2021.
Under the SPA, Engie has agreed to
purchase approximately 0.9mn tonnes per
annum of LNG from CCL on a free-on-board
basis for a term of approximately 20 years,
which began in September 2021. The purchase
price for LNG under the SPA is indexed to the
Henry Hub price, plus a fixed liquefaction fee.
“We are pleased to build upon the long-
term agreement we signed in 2021 with Engie,
one of Europe’s energy leaders in low carbon
solutions, to increase the volume and extend
the term beyond 2040,” said Jack Fusco,
Cheniere’s president and chief executive
officer. “This SPA reflects the importance
of a diverse and reliable long-term supply
of natural gas for Europe and reinforces the
value the LNG market places in Cheniere’s

P12 www. NEWSBASE .com Week 10 10•March•2022