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BPX Energy Inc.

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Editor's note: Updated Jan. 22, 2021.

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International, Domestic Buyers Clamor for US Shale Gas M&A

Marketing is heating up for gassy assets in the Haynesville, Appalachia and Midcontinent, a sign that natural gas remains one of the bright spots in upstream portfolios, M&A experts tell Hart Energy.

The US Shale Rig Count is Not Falling, Data Show

The net change in the U.S. horizontal rig count is seven rigs—1% —fewer than at year-end 2024, a Hart Energy analysis shows. Instead, the sub-$70 oil price has displaced rigs targeting non-shale targets.

Why Shell’s Hands are Tied by UK Law After Denying BP Merger

A mega-merger between supermajors Shell and BP faces a major hurdle: the rigidity of U.K. takeover law. Despite a mandated denial, Shell still has levers to pull if it aims to acquire BP.

Shell Denies It is in Takeover Talks with BP After WSJ Report

"No talks are taking place," Shell said after the Wall Street Journal reported it was in early discussions over a takeover of BP.

INEOS Looking Across Lower 48 for More Shale PDP

U.K.-headquartered international hydrocarbons conglomerate INEOS is seeking the mature U.S. shale assets that don’t have the upside growth potential publicly held U.S. operators need.

BPX’s Holzhauser Dives into Upside of Devon JV Dissolution

BPX’s Holzhauser says BP’s U.S. shale arm got the longer end of the stick—better subsurface in a less complicated area—in its deal with Devon to dissolve their Eagle Ford JV.

M&A Target BPX Boasts Long-Term Eagle Ford Plans

BP’s onshore U.S. shale subsidiary is under the M&A magnifying glass as it boasts ‘great returns’ in fields in South Texas.

Data Suggest BPX Worth at Least $10B in BP Merger Carve-Out

The business unit’s all-shale holdings’ “attractiveness” to potential BP Plc suitors “would likely be an important input into any portfolio evaluation and [merger] due diligence process,” said J.P. Morgan Securities analyst Matthew Lofting.

BP Targets 25% Resource Recovery from Eagle Ford Refracs

BPX employs a strategy that’s “a little bit country, a little bit rock and roll” to maximize assets across the portfolio, especially in the Eagle Ford, says Shawn Holzhauser, vice president for development.

Hamm: Continental Won’t Rule Out a Merger, But Don’t Count on it

Continental Resources Founder Harold Hamm said Hess Corp.’s Bakken property is interesting, as well as property held by BP Plc’s Lower 48 E&P unit BPX Energy.

Buyers Scramble for Their Slice of the Haynesville

A natural gas demand wave approaches, but there’s precious little left in the market to buy in the coveted Haynesville Shale.

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.

Haynesville Horsepower: Rigs Needed to Crest the Coming ‘Wall of Demand’

How many drilling rigs are needed in the Haynesville Shale to meet growing natural gas demand for LNG exports? Keybanc ran the numbers.

‘Golden Age’ of NatGas Comes into Focus as Energy Market Landscape Shifts

As prices rise, M&A interest shifts to the Haynesville Shale and other gassy basins.

Kimmeridge to Grow to 1 Bcf/d Via Bits and Bids, Including Haynesville

Kimmeridge Texas Gas expects to be producing nearly as much gas as its 1.3 Bcf/d Commonwealth LNG plant will export when it comes online in 2029, said CEO Dave Lawler.