![]() The company has an estimated daily production of 17,009 BBLs oil and 17,009 MCF of gas, coming from 275 actively producing wells in the state. Credit Suisse acted as financial advisor to EP Energy in the deal. Verdun Oil & Gas Llc is currently ranked 65 in the state of Texas based on a total production of 59,516,221 barrel of oil equivalent (BOE) reported during the month of 10-01-2022. Verdun Oil Company II LLC completed the acquisition of EP Energy Corporation on March 30, 2022. Verdun currently produces more than 8,000 net boepd from its Eagle Ford assets in LaSalle, Dimmit, Live Oak, DeWitt. Jefferies Group LLC acted as financial advisor to EP Energy. Vinson & Elkins LLP acted as legal advisor and Cleary Gottlieb Steen & Hamilton LLP provided antitrust counsel to Verdun Oil Company II LLC. Stephen Szalkowski, John Greer, Jason Cruise, Lindsey Champlin, Peter Todaro, Joseph Simei, Tim Fenn, Adam Kestenbaum, Joshua Marnitz and Pamela Kellet of Latham & Watkins LLP advises to EP Energy Corporation. The FTC ultimately granted conditional clearance of the transaction, with the purchaser agreeing to divest a portion of EP Energy's assets post-closing. As of March 25, 202, the Federal Trade Commission announced that it will require the divestiture of EP Energy Corp.'s entire business and assets in Utah to resolve the agency's allegations that the transaction would eliminate competition. The transaction is subject to FTC approval. The Eagle Ford and Bakken fall in the middle of the pack with breakeven prices of $59/bbl and $60/bbl respectively.Verdun Oil Company II LLC agreed to acquire EP Energy Corporation for $1.4 billion on July 26, 2021. Verdun Oil & Gas Llc is currently ranked 65 in the state of Texas based on a total production of 59,516,221 barrel of oil equivalent (BOE) reported during the. The Anadarko basin is on the other extreme with a $66/bbl breakeven, which is near current spot pricing, the analysts said. The Delaware Basin offers the lowest breakeven price at $46/bbl, followed by the Midland basin at $52/bbl and DJ Niobrara at $53/bbl. Director of Finance Verdun Oil Company From October 2020 to Present Associate Edge Natural Resources From January 2018 to September 2020 Senior Equity. shale basins, the difference from one end of the spectrum to the other is $20/bbl. In terms of breakeven prices by major U.S. (Source: Rystad Energy, Wells Fargo Securities) Verdun Oil Company LLC (Verdun) has been formed with a 250 million equity commitment from management and EnCap Investments, L.P. Shale Full-cycle Breakeven Oil Prices by Basin. ($43/bbl), according to data compiled by Rystad and Wells Fargo.įor the private operators, the companies with the lowest breakeven price were Providence Operating ($33/bbl), Verdun Oil Company ($35/bbl) and Gulftex Energy ($38/bbl). Public operators on the south side of the median with the lowest breakeven price include EOG Resources ($39/bbl), Matador Resources Co. “By basin, the Permian (Delaware & Midland) remain the leaders.” Read and Hanwen Chang said in their report. “We estimate E&P (public and private) fully loaded breakeven oil prices remain well below the strip and our downwardly adjusted oil price deck,” Wells Fargo equity analysts Roger D. onshore oil production), is $58/bbl, Wells Fargo announced March 24 in a research report, citing Rystad data. shale assets (new wells) of public E&Ps is $53/bbl WTI while for private operators, which account for approximately 37% of U.S. shale basins is approximately $54/bbl, according to Rystad Energy data.Ī closer look at the data shows the median breakeven oil price for U.S. The average full-cycle breakeven for U.S. Each day (except Sunday) during the main TV Season we post the TV Ratings for the previous nights primetime shows for the major broadcast networks (ABC, CBS, CW, FOX, NBC). Meritorious Awards for Engineering Innovation (MEAs) Verdun Oil Company is a privately held, Houston-based oil and gas company that will pursue the identification, acquisition and development of oil and gas.Rextag database of energy infrastructure assets Prices for top E&P stocks and commodities. Verdun Oil Company is a privately held, Houston-based oil and gas company that will pursue the identification, acquisition and development of oil and gas assets in the United States. ![]() ![]() Information on assets, buyers and sellers, deal values, and more.Ī searchable database of oil and gas debt and equity offerings. ![]()
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