While Chevron's acquisition of Hess is mostly about the massive oil growth play offshore Guyana, the deal also includes a large Bakken Shale footprint, midstream assets and more. Will Chevron monetize Hess Midstream or Hess' natural gas assets offshore Malaysia and Thailand? This will be a space to watch as the deal comes to a close next year.
And in the hottest oil basin, Matador Resources who saw its Permian production hit record levels during the third quarter, spent around $65 million on its brick by brick acquisition strategy in the Permian, which consists of a mix of a dozen or so deals, including non-operated interests and boosting stakes and operated wells and new acreage.
Non-OP specialist Northern Oil and Gas also continued its M&A ground game in the Permian scooping up about 514 net acres and several future drilling locations during Q3. So far this year, NOG added over 1,800 net acres through 31 different transactions.
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2023-12-01 - COP28 gives the private sector—including those from the oil and gas industry—and other delegates an opportunity to chime in on the global climate agenda set by world leaders.
2023-11-01 - The investment tax credit transfers, enabled by the U.S. Inflation Reduction Act, open up another revenue stream for renewable energy companies.
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2023-10-10 - Northern Oil Gas CEO Nicolas (Nick) O’Grady spoke last week in Dallas at the A&D Strategies conference with Pietro D. Pitts, Hart Energy’s international managing editor, to discuss his views on the changing of the guard of sorts that the oil and gas industry is undergoing as it attracts a more diverse workforce.
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