What’s going on in West Texas? The M&A market is heating up while our team is in Calgary covering the 24th World Petroleum Congress with Hart Energy LIVE, and this is your A&D Minute powered by BOK Financial Securities.

Vital Energy is spending over $1.1 billion to extend its drilling runway in the Permian Basin, agreeing to acquire three private E&Ps with assets in the Midland and Delaware basins, and bulking up on drilling inventory that analysts say was sorely needed.

Kimbell Royalty Partners is also growing in the Permian, adding royalty interests in the Delaware and Midland basins as well as in the Midcontinent in a $455 million cash deal. The acreage offers exposure to major operators like EOG, Occidental, ConocoPhillips and Pioneer Natural Resources.

And here in Canada, Murphy Oil closed on sales of non-operated assets in the Kaybob Duvernay and Montney plays, and plans to take proceeds from the Canadian sales and put the money to work on new developments in Vietnam and the Ivory Coast.

That’s your A&D Minute powered by BOK Financial Securities with Hart Energy LIVE at the 24th World Petroleum Congress. Watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/deals.