Houston..we have a problem....

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Boat Shoes
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In reply to ThreeFive • 12:53p, 11/12/25
AG
ThreeFive said:
nosoupforyou said:
ThreeFive said:
Comeby! said:
Any idea on the buyer?

Flywheel


Wow… They are throwing around some money!

I'll be in their office next week - we are very involved with them on the marathon OK asset that they just closed

They have a sponsor with a lower cost of capital than your typical private equity backed team, so they've been very competitive and aggressive. I personally don't think they're built to on board/manage this many new assets at once, but we'll see.


Who is their sponsor?
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Gordo14
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In reply to Boogie6 • 2:53p, 11/12/25
Boogie6 said:
But that is caused by regional factors? Local supply outstripping local demand due to continued oil drilling in the Permian that produces the associated gas and pipeline bottlenecks.

And the Trump administration's deregulation of the permitting process should make it easier to build midstream infrastructure and reduce those bottlenecks?


Limitations to gas takeaway are more metal and financing than regulatory.

Because of the near limitless natural gas potential of the Permian, natural gas diffs will always be trash in the Permian and the value will always be on the midstream side for that commodity. There will be brief moments of green shoots when infrastructure is built and then it'll fill up and regional prices will collapse again. At best, once oil rich plays are fully developed and oil production starts declining it'll eventually be like Marcellus diffs.
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Marsh
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In reply to nosoupforyou • 5:09a, 11/13/25
AG
nosoupforyou said:
Baytex sells Eagle Ford asset for $2.3 Billion -WOW that's high - anyone know who got it?


Baytex Energy is exiting the U.S. Eagle Ford by selling its assets to an undisclosed buyer for $2.305 billion in cash. This strategic move will refocus the company on its Canadian operations, which include heavy oil and Duvernay plays


Didn't they buy this asset two years ago for $2.5 B? Sounds like the only ones who made money on these deals were the lawyers and bankers...
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Boogie6
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In reply to Marsh • 6:09a, 11/13/25
AG
Correct. Bank of America. From one of its bankers that I talked with:

"BofA sold the Eagle ford assets (Ranger Oil Corp) to Baytex in 2023 and now they ultimately divested the same package."

With this sale, BayTex will end its U.S presence and will be focusing on its western Canadian operations. Another example of midstream companies divesting non-core assets and decreasing their geographic scale to focus on core infrastructure
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Ag CPA
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In reply to Marsh • 12:21p, 11/13/25
AG
The legacy Lonestar assets in that sale are now on their fourth operator in four years.
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Comeby!
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In reply to Ag CPA • 1:16p, 11/13/25
AG
Is that the wells near College Station?
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topher06
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In reply to Ag CPA • 1:27p, 11/13/25
Is this the correct forum to ask about my new business idea: Well signs written in dry erase markers
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Ag CPA
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In reply to Comeby! • 2:02p, 11/13/25
AG
Comeby! said:
Is that the wells near College Station?

That is part of it.

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nosoupforyou
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In reply to Ag CPA • 2:56p, 11/13/25
AG
Do you know Who bought the asset for $2.3 B?
Flywheel? I'm in their office next week
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ThreeFive
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In reply to nosoupforyou • 3:38p, 11/13/25
AG
It's Flywheel.
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Boogie6
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In reply to Boat Shoes • 11:24p, 11/13/25
AG
It used to be Kayne Anderson through its Private Energy Income Fund, but they exited last June 2024. At the same time, Gunvor Group, a multinational commodities trader in natural and liquified natural gas, bought a 41% minority equity stake in FW.

https://www.businesswire.com/news/home/20250429980265/en/South-Wind-Exploration-Production-LLC-Announces-Equity-Commitment-from-Kayne-Anderson
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ThreeFive
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In reply to Boogie6 • 11:44p, 11/13/25
AG
Boogie6 said:
It used to be Kayne Anderson through its Private Energy Income Fund, but they exited last June 2024 when Gunvor Group, a multinational commodities trader in natural and liquified natural gas, bought a 41% minority equity stake in FW.

https://www.businesswire.com/news/home/20250429980265/en/South-Wind-Exploration-Production-LLC-Announces-Equity-Commitment-from-Kayne-Anderson

Partially correct. Flywheel is backed by Stone Ridge, formerly Wincoram. I believe Gunvor is a minority investor.

Some of the South Wind executives used to be a part of the Flywheel team, but they left and partnered with Kayne. Ironically, Kayne and South Wind were also in the second round of the Baytex process.
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topher06
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2:03p, 11/19/25
Back under 60 after peaking up for a minute.
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SweaterVest
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8:37a, 11/23/25
AG
Do any of yall work in offshore asset risk management? I've been out of O&G for a couple of years but my current industry has me thinking about a potential business opportunity back in O&G. I'd love to pick someone's brain for a few minutes if anyone is willing to talk.
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TxAg20
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8:13a, 12/2/25
AG
Targa to acquire Stakeholder Midstream in $1.25 billion all cash deal.

https://www.wsj.com/business/energy-oil/targa-resources-to-acquire-stakeholder-midstream-for-1-25-billion-a762f1f9

I know there's at least 1 Ag in management at Stakeholder.
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green tea
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In reply to TxAg20 • 10:56a, 12/2/25
AG
All cash for a $1.25 billion "bolt-on". Not too shabby.
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Ragoo
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11:36a, 12/2/25
AG
Bolt-ons
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Motis B Totis
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3:01p, 12/2/25
AG
is LLOG up for sale?
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Daytona22
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In reply to Motis B Totis • 3:45p, 12/2/25
AG
Yes. They've been seeking $3B based on a few various reports.
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tommyjohn
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9:42p, 12/2/25
The LLOG founder died 18mo or so back and the family wants to sell.

It will be interesting to see who scoops them up.
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canadianAg
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11:33p, 12/2/25
AG
Also hearing beacon is actively looking for a buyout
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bkag9824
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In reply to SweaterVest • 9:08a, 12/3/25
AG
SweaterVest said:
Do any of yall work in offshore asset risk management? I've been out of O&G for a couple of years but my current industry has me thinking about a potential business opportunity back in O&G. I'd love to pick someone's brain for a few minutes if anyone is willing to talk.

Shoot me an email, username @ hotmail

I'm not intimately involved in RiskMan but dabble enough in it along with hazard analyses/safeguard assurance to probably give some insight that may be helpful.
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Jbob04
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In reply to plain_o_llama • 10:56a, 12/3/25
AG
Wish Comstock would finish drilling in Leon county. Tired of the traffic and lights.
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Boat Shoes
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In reply to Jbob04 • 4:18p, 12/3/25
AG
$5 gas and theyll be there forever!!!
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Bibendum 86
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In reply to Boat Shoes • 5:38p, 12/3/25
AG
Boat Shoes said:
$5 gas and theyll be there forever!!!
$5 gas and they'll all drill it back to $4.
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JP_Losman
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8:59p, 12/3/25
AG
Anyone following Recon Africa and their new onshore Namibia play? Sounds like they might have a discovery on what could be an ultra large position in northeast Namibia. Zagros style fold belt play with massive structures

Stock symbol is RECAF

Lots of action since the announcement at 9am
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BPCAg05
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In reply to JP_Losman • 9:50p, 12/3/25
AG
Been following for a while and will continue to do so. Hopefully this is the beginning of something!
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EnglishElhew07
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In reply to Bibendum 86 • 6:34a, 12/4/25
Bibendum 86 said:
Boat Shoes said:
$5 gas and theyll be there forever!!!
$5 gas and they'll all drill it back to $4.


They will keep drilling it at $4 also. I think they are drilling up and down 79 in Leon and Robertson for years to come.
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Jbob04
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In reply to EnglishElhew07 • 7:28a, 12/4/25
AG
They've punched a lot of holes along 79. Hell they were steady drilling when gas was $2.
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Pasquale Liucci
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In reply to Jbob04 • 7:39a, 12/4/25
AG
They came to us back in '23 when we were about to exit high temp M/LWD ops in the area and offered to put our ultra high temp tools on retainer plus footage rates and pickup fee plus agree ahead of time on over temp charges because every well was in excess of 200-205C.

Probably the first time we ever made money in the Haynesville. I never once saw where they disputed damages/repair charges. They basically said we're gonna drill this and we don't care what it costs
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redaszag99
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In reply to JP_Losman • 11:17a, 12/4/25
Like HDY?

Time to buy RECAF?
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Ag CPA
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In reply to Pasquale Liucci • 1:24p, 12/4/25
AG
Jerry just dropped another $1B in Comstock to finance this; it's probably going to be his final legacy project in O&G so I doubt if he's as concerned that it's very profitable as long as it's productive.
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JP_Losman
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In reply to redaszag99 • 2:58p, 12/4/25
AG
If there was ever a time to buy, it is now.

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Diggity
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In reply to JP_Losman • 3:06p, 12/4/25
AG
a couple days ago would have been better
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MJ20/20
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In reply to Diggity • 3:15p, 12/4/25
AG
duh
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