Pioneer Natural Resources is pursuing the sale of its Delaware Basin assets with a target price of over $2 billion, according to a report citing two sources familiar with the matter.
The follow-through by Diamondback Energy’s commitment of returning 50% of free cash flow to equity holders should drive the name higher, according to analysts with Tudor, Pickering, Holt & Co.
PHX Minerals agreed to acquire certain mineral and royalty interests totaling approximately 817 net royalty acres in East Texas and Louisiana targeting the Haynesville play through two separate transactions.
Houston-based Ranger Energy Services beat out the original stalking-horse bidder for the acquisition of Basic’s well servicing and completion and remedial segment assets outside of California through a competitive bankruptcy auction process.
Archaea Energy went public by merging with the blank-check firm led by Daniel Rice, Rice Acquisition Corp., in a $1.15 billion deal.
Investors can instead use dividend payments from Chevron to invest directly in renewable projects, CEO Mike Wirth said during a recent interview.
Pioneer Natural Resources on Sept. 15 adopted a net-zero ambition by 2050 for both Scope 1 and Scope 2 emissions that the U.S. shale producer says builds on many key initiatives already underway.
Cabot Oil & Gas and Cimarex Energy shareholders are due to convene on Sept. 29 to vote on the potential merger, which was initially announced in May.
U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging.
Evolution Petroleum has paid a quarterly cash return to shareholders for nearly eight years, which CEO Jason Brown describes as a “remarkable achievement for an upstream independent energy company.”