Hess Dishes on First 4-Mile Bakken Wells in North Dakota
Hess Corp. landed its first 4-mile laterals in North Dakota’s Bakken Shale in February, part of a broader “shale evolution” underway in the Williston Basin, the company said.
April 28, 2025
Expand’s Dell'Osso: E&Ps Show ‘Unusual’ Discipline with $4 NatGas Strip
Haynesville Shale’s largest gas producers are displaying restraint with a $4/Mcf forward curve. “That’s really unusual,” said Expand Energy CEO Nick Dell’Osso.
April 27, 2025
Amplify Energy Cancels PRB, D-J Deal on ‘Extraordinary Volatility’
Amplify Energy terminated an acquisition of oil-weighted assets in the Powder River and Denver-Julesburg basins from Juniper Capital after Amplify’s stock fell 58% since the deal was announced.
April 27, 2025
Ring Energy Slashes 2Q Capex by 50% After Oil Price Collapse
Permian E&P Ring Energy is cutting spending and prioritizing debt reduction with oil prices hanging around $65/bbl.
April 25, 2025
Bearishness Plagues Oil as Matador Cuts Capex, Production Outlook
Falling oil prices are forcing E&Ps to redraw spending plans. Matador Resources slashed its D&C spending by $100 million due to lower prices.
April 24, 2025
XCL Resources Team Launches X2, Targets Multibillion-Dollar M&A
X2 Resources, led by the team behind XCL Resources, is targeting $500 million to multibillion-dollar acquisitions across “premier” oil and gas basins with backing from EnCap and other investors.
April 24, 2025
Volatility to Slow Upstream M&A After $17B in Q1 Dealmaking—Enverus
Upstream deal markets are heading into territory reminiscent of the conditions seen in the first half of 2020, said Andrew Dittmar, Enverus’ principal M&A analyst.
April 23, 2025
EQT Buys Private Marcellus E&P Olympus Energy for $1.8B
EQT’s acquisition from Blackstone-backed Olympus adds 90,000 net Marcellus and Utica acres and 500 MMcf/d of production.
April 22, 2025
Devon Makes Operational Overhaul Amid Oil Market Volatility
Facing headwinds from falling oil prices, Devon Energy aims to reduce costs through several operational and corporate changes.
April 22, 2025
Undrilled but not Unnoticed: White Space Buyers Invest Now for Future Upside
Undeveloped, unpermitted acreage lures private equity risk-takers who want in on the mineral and royalty coffers.
April 18, 2025