Hess Corp. Bucks E&P Trend, Grows Bakken Production by 7%

Hess Corp. “continues to make the most of its independent status,” delivering earnings driven by higher crude production and lower operating costs, an analyst said.

January 29, 2025

Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work

U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.

January 29, 2025

Haslam Family Office: ‘We Need Hydrocarbons’

The managing director of HF Capital—the office for Tennessee's Haslam family—says that as long as oil, gas and other energy sources are lacking capital, there’s an investment opportunity.

January 28, 2025

USD Partners Expects to Sell Final Asset by Mid-April

USD Partners was obligated to sell the Hardisty terminal after entering a forbearance agreement with its lenders in June 2024.

January 22, 2025

Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading

Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.

January 21, 2025

Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc

KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.

January 21, 2025

Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC

The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.

January 21, 2025

Independence Contract Drilling Emerges from Chapter 11 Bankruptcy

Independence Contract Drilling eliminated more than $197 million of convertible debt in the restructuring process.

January 21, 2025

Analysts’ Oilfield Services Forecast: Muddling Through 2025

Industry analysts see flat spending and production affecting key OFS players in the year ahead.

January 21, 2025

Spartan Delta Ups Bought Deal Financing to $59MM

Underwriters have agreed to purchase approximately 22.2 million of Spartan Delta Corp. common shares, for resale to the public, at CA$3.82 per share (US$2.66), the company said.

January 14, 2025