This is your Hart Energy A&D Minute with Jordan Soto and powered by A&D Strategies and Opportunities Conference.

Did you know that Warren Buffett has the green light to buy half of Occidental Petroleum? No really, his company Berkshire Hathaway just got the go-ahead from FERC to purchase up to 50% of Oxy after buying about 20% of the Houston-based company so far this year.

Phillips 66 is also pumping out cash; the company offered a cash buyout to DCP Midstream. Enbridge called it a “joint venture merger” which will impact indirect ownership interests in DCP Midstream and the Gray Oak Pipeline. Chances are Phillips 66 will be paying a lot more than offered since DCP’s share price is already 8% higher on news of the offer.

Is there a little bit of the Marcellus in Oklahoma? Diversified Energy seems to think so after spending $240 million to buy ConocoPhillips’ Midcontinent assets and re-create its Appalachian successes in the Sooner State. The deal really got our attention, so we got Co-founder and CEO Rusty Hutson on the line for a Hart Energy Exclusive interview. Hutson told Oil and Gas Investor Senior Editor Darren Barbee that “The mom-and-pop era of oil and gas is pretty much over.” Why’d he say that? Read the article to find out.

This Hart Energy A&D Minute is powered by A&D Strategies and Opportunities Conference on Oct. 26 in Dallas. Watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at