Category Archive

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

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

Tudor, Pickering, Holt & Co. served as financial advisor to Blackstone Credit-sponsored 3Bear Energy on its sale to Delek Logistics Partners, LP. For Delek’s press release regarding this transaction, please click the link below. 

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

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.

Tudor, Pickering, Holt & Co. served as financial advisor to Oasis Petroleum Inc. (NYSE:OAS) on its merger of equals transaction with Whiting Petroleum Corporation (NYSE: WLL). For OAS’ press release regarding this transaction, please click the link below.

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

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.

Tudor, Pickering, Holt & Co. served as sole financial advisor to the Conflicts Committee of the BP Midstream Partners LP Board (NYSE: BPMP) on the acquisition by bp p.l.c. (LON: BP) of all public equity of BPMP. For BP’s press release regarding this transaction, please click the link below.

Tudor, Pickering, Holt & Co. served as financial advisor to Veritas Energy on the Sale of their Non-Operated Permian Assets to Northern Oil & Gas (NYSE: NOG). For Northern’s press release regarding this transaction, please click the link below.