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US M&A deals dip after record 1Q: Enverus | Latest Market News

US oil and gas sector mergers and acquisitions (M&A) are likely to slow for the rest of the year following a record $51bn in deals in the first quarter, consultancy Enverus says. Following an unprecedented $192bn of upstream deals last year, the Permian shale basin continued to dominate first-quarter M&A as firms competed for the remaining high-quality inventory on offer. Acquisitions were led by Diamondback Energy's $26bn takeover of Endeavor Energy Resources. Other private operators, such as Mewbourne Oil and Fasken Oil & Ranch, would be highly sought after if they decided to put themselves up for sale, Enverus says.

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USA Upstream Merger Activity Gets Off to Record Start

'Following last year's blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced...

Andrew-dittmar , Enverus-intelligence-research , Exxon , Callon-petroleum , Diamondback-energy , Southwestern-energy , Chesapeake-energy , Energy-resource , Fasken-oil-ranch , Mewbourne-oil , Exxonmobil , Chevron

US oil and gas deals slowing after record 1Q: Enverus

US oil and gas sector mergers will likely slow for the rest of the year following a record $51bn in deal in the first quarter, according to consultancy Enverus.

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Upstream M&A activity hits record $51 billion on backs of Permian shale megadeals, Enverus reports

Outmaneuvering larger rivals to secure Endeavor puts Diamondback in the front row among Permian-centric E&Ps, giving it a scale comparable to Pioneer Natural Resources prior to its sale to ExxonMobil. APA also expanded in the Permian, but via the public merger route with its purchase of smaller Callon Petroleum for $4.5 billion.

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These People Own the Most Land in America

Trailing just Russia and Canada, the United States is the third-largest country in the world by landmass, covering nearly 2.3 billion acres. The largest overall landowner in the country is the U.S....

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Officials pose questions to Majestic Realty ahead of TIRZ vote


Officials pose questions to Majestic Realty ahead of TIRZ vote
March 14, 2021
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Majestic Realty approached the Webb County Commissioners Court on Monday in the company’s pursuit of a public-private partnership with both the city and the county.
Their proposal is to create a tax increment reinvestment zone, or TIRZ, for Port Grande, a future master-planned 2,000-acre logistics park of warehouses and offices near mile marker 13 on I-35. This development, according to Majestic Realty, would create 9,000 jobs and bring in $41 million in revenue for the city and $27 million for the county over the 30-year term of the agreement.
The proposed TIRZ would set aside 55% of the developer’s new property taxes to the city and county until 2051. These funds would instead be reinvested into the infrastructure and public improvements needed in the development process, such as public roads, utility lines and street lighting. After the agreement ends, both the city and county would go back to collecting 100% of the development’s property taxes.

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