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New oil and gas investment firm Peak 10 Energy debuts

Peak 10’s inaugural acquisition are non-operated oil and gas properties in Reeves, Fisher, Scurry, Gaines, Dawson and Andrews Counties, Texas, from a private seller. ....

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Ovintiv to acquire core Midland Basin assets

Ovintiv has entered into a definitive purchase agreement to acquire substantially all leasehold interest and related assets of certain portfolio companies of funds managed by EnCap Investments, in a cash and stock transaction valued at approx. $4.275 billion. Upon closing, the acquisition will add approx. 1,050 net 10,000 foot well locations to Ovintiv s Permian inventory and approx. 65,000 net acres in the core of the Midland Basin. ....

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