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XCL Resources


SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal

SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.

M&A Values: Permian Still No. 1 as U.S. Average Falls Sharply

Gas-weighted assets’ M&A values have declined with gas futures since 2022, according to J.P. Morgan Securities analysis.

SM Stock Dives Over 10% as Investors Weigh $2B Uinta Basin Deal

Shares for SM Energy were trading down after announcing a multibillion-dollar entry into Utah’s Uinta Basin, an unusual move that nonetheless adds scale to the company’s Eagle Ford Shale and Permian Basin operations.

SM Energy to Buy XCL Resources in $2.55B Entry into Uinta Basin

SM Energy has entered into a joint acquisition with Northern Oil and Gas to buy XCL Resources’ oil-heavy Uinta Basin assets in a core area that SM says competes with the Midland Basin.

Watching the Uinta: XCL Petitions the FTC to Approve Altamont Acquisition

XCL Resources' petition was required under a prior agreement EnCap Energy Capital Fund XI struck with the FTC in 2022, which required the private equity group to sell off EP Energy’s Utah oil business.

Private Oil Producers Dwindle Amid Consolidation in New Top Operators List

According to a compilation by Enverus in an exclusive partnership with Oil and Gas Investor, the list of the top 20 private oil producers has been reshaped following a period of massive M&A. 

Exclusive: XCL Increases Production Amidst Lookout for More Inventory

XCL Resources is beginning its journey to acquire Altamont Energy, but in the meantime, the company is refining its operations in the Uinta Basin to find the perfect lateral length. 

Hunt Oil Co. Markets DJ, Midcontinent-heavy Minerals Package

Hunt Oil Co., one of the nation’s oldest family-owned oil companies, is marketing minerals and royalties across several major basins.

From Comedy Central to Exxon Mobil-Pioneer Deal, a New FTC Emerges

The Exxon Mobil and Pioneer Natural Resources deal closed quickly and without divestment conditions, an antitrust attorney said — except for the sole condition that barred Pioneer’s founding CEO from Exxon’s board.

M&A Spotlight Shifts from Permian to Bakken, Marcellus

Potential deals-in-waiting include the Bakken’s Grayson Mill Energy, EQT's remaining non-operated Marcellus portfolio and some Shell and BP assets in the Haynesville, Rystad said.

Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal

More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.

Uinta Basin's XCL Seeks FTC OK to Buy Altamont Energy

XCL Resources is seeking approval from the Federal Trade Commission to acquire fellow Utah producer Altamont Energy LLC.

Digital Pipeline: XCL Resources Harnesses Excess Gas for Bitcoin Mining

In areas with limited takeaway capacity like the Uinta Basin, using natural gas to power bitcoin mining can prevent operators from having to shut in production.

Crusoe Energy Partners with XCL Resources to Uinta Basin Reduce Emissions

Under the agreement with XCL, Crusoe will use its Digital Flare Mitigation technology to add 6 MMcf/d of XCL’s production in the Uinta.

Uinta Rivals the Best of Permian, XCL Resources Contends

The Uinta competes with the Permian Basin’s best counties, although XCL Resources acknowledges the crude’s paraffin content presents transportation hurdles.