Jordan Soto, executive producer, Hart Energy: We all know the Permian is just getting hotter, but have you heard what's happening in California? This is your A&D Minute powered by BOK Financial Securities.
ONEOK’s $18.8 billion acquisition of Magellan Midstream Partners closed this week after a close vote on the deal by Magellan investors. The deal combines ONEOK’s expertise in NGLs with Magellan's pipelines for crude and refined products. It also doubles ONEOK’s footprint in the red hot Permian Basin.
We're even seeing deals get inked in the California oil patch. California-focused oil company Berry Corporation closed an acquisition of private E&P Macpherson Energy. The deal gives Barry greater scale and production in Kern County, California, near its existing assets.
And after a string of acquisitions, midcontinent E&P Mach Resources is planning to go public. Led by industry veteran Tom Ward, Mach has been growing its footprint in the Anadarko Basin. Now regulatory filings show the company is planning an initial public offering, the latest in several energy IPOs launched this year.
And that's your A&D Minute powered by BOK Financial Securities. Watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/deals.
2023-12-06 - Exxon Mobil plans to achieve $14 billion in earnings and cash flow growth between 2024 and 2027, anchored by production growth of at least 11% amid a continued focus on high-return, low-cost-of-supply, value-accretive investments.
2023-12-05 - The beauty of the oil and gas field is well known by more than a century of wildcatters and oilfield-service professionals. Hart Energy shared it with the world, beginning in 1981.
2023-12-04 - Here’s a roundup of the latest E&P headlines including a number of field development project contract awards.
2023-12-01 - The oil and gas rig count, an early indicator of future output, rose three to 625 in the week to Dec. 1.
2023-11-28 - Downhole components are also increasingly coping with higher pressure and temperature conditions and handling more zones than ever.