Darren
Barbee
Oil and Gas Investor
Infrastructure Company Savage Acquires Houston’s Texon
Texon, a midstream service provider, will continue operations under its legacy brand.
NuStar Energy Unitholders Approve Merger with Sunoco
The transaction is expected to close on or about May 3, in which NuStar Energy LP will merge with and into a merger subsidiary of Sunoco LP.
EQT, Equinor Agree to Massive Appalachia Acreage Swap
Equinor will part with its operated assets in the Marcellus and Utica Shale and pay $500 million to EQT in exchange for 40% of EQT’s non-operated assets in the Northern Marcellus Shale.
BOEM Announces Next Steps for GoM Lease Sales 262, 263, 264
BOEM said Lease Sale 262 is expected to take place in 2025.
The Latest
Matador CEO: Portfolio ‘Rationalization’ to Yield Permian M&A Opportunities
Joe Foran built the Matador Resources brand from friends-and-family financing into an $8 billion company. Foran, Matador’s chairman and CEO, still sees a long runway for growth in the Delaware Basin.
APA Corp. Sells $700MM in Non-core Permian, Eagle Ford Assets
APA Corp. and subsidiary Apache are selling more than $700 million in non-core assets in the Permian Basin and Eagle Ford Shale—part of a plan to reduce debt after a $4.5 billion acquisition of Callon Petroleum.
Key Energy Buys Endeavors’ Well Servicing Business
Key Energy Services’ deal comes as Endeavor Energy Resources is selling its upstream assets to Diamondback Energy.
Iberdrola Scoops Up Rest of US Renewables Firm Avangrid in $2.6B Deal
Iberdrola said its acquisition of the remaining stake in Avangrid Inc. is intended to increase its exposure in the U.S.
Bakshani: Midstream Exhibiting M&A Fever Symptoms
East Daley Analytics identified several market factors in the midstream sector that point to further consolidation ahead.
Seadrill Sells Three Jackups for $338MM to Gulf Drilling International
Seadrill Ltd. is also selling its 50% equity interest in the joint venture that operates the rigs offshore Qatar.
Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?
The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.
Kimmeridge’s Mark Viviano on Reshaping the Energy Sector, SilverBow-Crescent Deal
Kimmeridge Energy Engagement Partners’ Mark Viviano says the company is evaluating the Crescent Energy and SilverBow Acquisition and how Kimmeridge played a key role in transforming the shale sector in this Hart Energy Exclusive interview.
Oil, Gas Groups Sue BLM to Block Increased Federal Drilling Fees
Under new U.S. Bureau of Land Management rules, royalty rates will jump to 16.67% from 12.5% and minimum lease bonds will increase to $150,000 from $10,000, which industry groups say will deter future oil and gas development.
SUPER DUG Shale 4.0 Era about Building Scale- Rystad
The Shale 3.0 era or capital discipline era will be followed by the Shale 4.0 era, which will see companies focused on building scale, according to Rystad Energy Senior Shale Analyst Matthew Bernstein.