DEAL ALERT (SM, NOG, MTDR)

Energy Advisors Group has released an A&D Deal Alert as we close on 2Q24. This is a continuation of our Market Monitor Series and thought leadership efforts. The full 12-page Special Report highlights two impact deals:

1. SM Energy (80%) and Northern Oil & Gas (20%) buy XCL Resources in Uinta Basin for $2.55 billion cash
2. Matador Resources buys Ameredev II in Delaware Basin for $1.9 billion cash

Energy Advisors Group has over 35 years of experience assisting clients navigate the marketplace to maximize their portfolios as advisors on both the sell and buy side. Energy Advisors also provides consulting services including asset management and optimization.

Here are our quick quotes from our report along w/ two slides.

Quick Quotes:

------- $30 Billion in Deals! “2Q 2024 continues the consolidation trend in place that took hold firmly in October 2023 with Exxon’s $64.5 billion buy of Pioneer. Enverus data tallies $30.1 billion in 2Q 2024 compared to $51.3 billion in 1Q 2024 and the record $143.9 billion announced in 4Q 2023.”

------- Content  “We look at two quarter ending cash acquisitions incl SM Energy (80%) and Northern Oil & Gas (20%) joint buy of XCL Resources in Uinta Basin and Matador’s 2nd Delaware Basin acquisition from EnCap in <2 years.”

------- Contrast “Bucking the trend of 'equity for assets', SM & Matador are using cash (from RBLs & Term Loans) to expand their oil reserves in high quality rock.”

------- Context “These deals in the Delaware & Uinta have tremendous stacked pays allowing for impactful returns in a $70 to $80 price environment.”

#1---

Here is an overview of the SM Energy & Northern Oil & Gas buy of XCL Resources

#2---

Here is a summary slide on Matador's buy of Ameredev

The FULL 12-page report is available for download to the right.

Energy Advisors Group is working hard to expand our thought leadership and look forward to providing additional market insight for our clients through regional perspectives, M&A analysis and market monitor. 

Our firm has been serving the needs of buyers, sellers and capital providers for over thirty-five years.

TO LEARN MORE CONTACT:

Blake Dornak

Vice President

Phone: 713-600-0169

– Email: [email protected]

Brian Lidsky

Director

Phone: 713-600-0138

– Email: [email protected]

Ronyld W Wise

Founder & Managing Partner

-- Email [email protected]

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Houston TX 77027

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