Jordan Soto, executive producer, Hart Energy: As E&Ps Hunt for drilling runway in the Permian, Endeavor Energy Resources stands out as the “Belle of the M&A Ball” in the Midland Basin. Executive editor at large for Oil and Gas Investor, Nissa Darbonne joins us this A&D Minute to discuss Endeavor's attractive drilling inventory and whether it could be a target for M&A by a bigger Permian player. Nissa?
Nissa Darbonne, executive editor at large, Hart Energy: So, obviously everyone thinks Pioneer would be a natural buyer of Endeavor Energy. The only thing is Pioneer doesn't need more inventory. They have more than 15,000 high-graded locations. Those are just the high-graded ones. The estimate is that they have more than 25 years of inventory at their current drilling pace. So, one would have to wonder then: why would Pioneer want to add Endeavor Energy at least now? From another perspective, it would be really interesting if it were done simply to bring in Endeavor to further buy up the Midland Basin for yet a bigger buyer of Pioneer. But all of this is highly speculative.
JS: Thanks Nissa. That's you’re A&D Minute with Hart Energy LIVE powered by BOK Financial Securities.
Recommended Reading
What’s Next for the US as an Apex Hydrocarbon Producer?
2025-05-07 - Expect more company integration and more investor attention to data centers and LNG terminals in the U.S. hydrocarbon space, says East Daley Analytics.
Algeria Launches Program to Grow Oil, Gas Production
2025-05-12 - The African nation has extended its bid submissions for a hydrocarbon tender to July.
Cowen: Gas Turbine Orders Hit 20-Year High on PowerGen Needs
2025-05-22 - A report by TD Cowen analysts shows that between fourth-quarter 2024 and first-quarter 2025, gas fired capacity generation awards reached their highest point since March 2001.
Diamondback: Permian Gas Next Target but Pipe, Prices Needed
2025-06-23 - The Permian Basin has a lot of untapped gassier rock that could be part of a “huge investment” in natural gas, said Michael Sollee, Diamondback Energy’s director of infrastructure, at the IPAA annual meeting.
US Drillers Cut Oil, Gas Rigs to Lowest Since November 2021—Baker Hughes
2025-05-23 - This week has been the first time since September 2024 that drillers have reduced the number of rigs four weeks in a row.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.