This is one of the largest midstream deals in years. It'll create one of the nation's largest oil and gas midstream players in the Gulf Coast, midcontinent and beyond. ONEOK is acquiring Magellan Midstream Partners and a cash-and-stock deal valued at $18.8 billion.
Northern Oil and Gas and Vital Energy are partnering on a $540 million acquisition in the Permian Basin after jointly agreeing to buy Forge Energy's assets in the Delaware Basin. This adds production in undeveloped drilling locations in West Texas and ends Vital's status as a Midland Basin pure play. What other E&Ps do you think will buy in the Delaware this year?
Lithium producers Allkem and Livent are coming together in a $10.6 billion merger to create the world's third largest lithium manufacturer. The companies aim to capitalize on growing demand for lithium driven by EVs and energy storage. Will the market see more clean energy-focused consolidation?
Tune in next week for your A&D minute with Hart Energy LIVE at the first SUPER DUG conference and exhibition in Fort Worth. Get your tickets before we sell out! Be the first to watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/transactions.
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ConocoPhillips’ Stratagem: Permian, Bakken, Eagle Ford Dominance
2023-05-23 - ConocoPhillips is not just the largest unconventional producer, but its Midland, Delaware, Eagle Ford and Bakken positions average $32 WTI breakevens, the company’s Lower 48 chief said at Hart Energy’s SUPER DUG conference.
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Taking the Pulse of Older Reservoirs
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Machine Learning Expands Subsurface Knowledge from Permian to Offshore Vietnam
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2023 E&P Meritorious Awards for Engineering Innovation
2023-04-13 - Hart Energy’s Meritorious Awards for Engineering Innovation recognizes 17 technologies for engineering excellence in the upstream petroleum industry and highlights new products and technologies that demonstrate innovation in concept, design and application.