TPH advises Avant Natural Resources on the sale of Midland Basin Royalty and Mineral Assets

Casey ColelloLatest News

Tudor, Pickering, Holt & Co. served as exclusive financial advisor to Avant Natural Resources on the sale of Midland Basin royalty and mineral assets to Brigham Minerals for $132.5 million. The assets consist of ~3,900 net royalty acres with 2023 estimated production of 750 – 950 boe/d. The assets are diversified among highly active blue chip operators including Endeavor Energy … Read More

TPH Advises Momentum Minerals on the sale of >32,200 net royalty acres

Casey ColelloLatest News

Tudor, Pickering, Holt & Co. served as financial advisor to Momentum Minerals on the sale of ~21,000 net royalty acres of non-Permian assets to an undisclosed party for an undisclosed value and the sale of ~12,200 net royalty acres of Permian assets to Sitio Royalties Corp. (NYSE: STR) for $224 million. For the Permian sale press release regarding this transaction, … Read More

TPH Advises USD Group LLC on Dropdown of Hardisty South terminal to USD Partners LP and Elimination of IDRs

Casey ColelloLatest News

Tudor, Pickering, Holt & Co. served as financial advisor to USD Group LLC (“Sponsor”) on its dropdown of entities owning the Hardisty South terminal to USD Partners LP (NYSE: USDP), elimination of its incentive distribution rights and exchange of its economic general partner interest for a non-economic general partner interest for total consideration of 75 million in cash and approximately … Read More

TPH Advises Goodrich Petroleum on Sale to Paloma Partners

Casey ColelloLatest News

Tudor, Pickering, Holt & Co. served as financial advisor to Goodrich Petroleum Corporation (NYSE American: GDP) on its sale to Paloma Partners VI Holdings, LLC, an affiliate of EnCap Energy Capital. For GDP’s press release regarding this transaction, please click the link below.

TPH advises Black Falcon Energy and EIG on sale of multi-basin non-operated working interests to Caliber Resource Partners

Casey ColelloLatest News

Tudor, Pickering, Holt & Co. served as financial advisor to Jamestown Resources, Larchmont Resources, and Pelican Energy, companies managed by Black Falcon Energy and backed by EIG and other investors on the sale of entities owning non-operated working interests to entities controlled by Caliber Resource Partners, LLC, a Quantum Energy Partners portfolio company. The acquisitions closed in December 2021. The … Read More

TPH Advises Patterson-UTI Energy on the divestiture of its Production Services business

Casey ColelloLatest News

Tudor, Pickering, Holt & Co. served as financial advisor to Patterson-UTI Energy (NASDAQ:PTEN) on the divestiture of its Production Services business, including the Well Servicing and Wireline divisions which were recently acquired by Patterson-UTI via its acquisition of Pioneer Energy Services Corp. For Patterson’s press release regarding this transaction, please click the link below.