United States

Investment , Acquisitions & Divestitures

Matador Stock Offering to Pay for New Permian A&D—Analyst

Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.

March 26, 2024

Joint Ventures , Pipelines , Liquefied Natural Gas (LNG) , Natural Gas

‘Unexpected’ JV to Move Permian NatGas to Gulf Coast LNG Terminals

A trio of midstream companies—Enbridge, Whitewater and MPLX—will work together to build infrastructure to transport Permian Basin natural gas to Gulf Coast LNG terminals.

March 26, 2024

Acquisitions & Divestitures , Mergers , Exploration & Production

Sold in 66 Days: Inside the Diamondback-Endeavor Deal

Diamondback Chairman and CEO Travis Stice first offered “at least $25 billion” for Endeavor Energy Resources on Dec. 8. The deal closed just weeks later for $26 billion.

March 26, 2024

Lease Sales

Marketed: Onyx Resources 40 Well Package in Texas, New Mexico

Onyx Resources has retained EnergyNet for the sale of a 40 well package plus 3,192.48 net leasehold acres in Crane, Ector and Winkler counties, Texas and Lea County, New Mexico.

March 25, 2024

Lease Sales

Marketed: Onyx Resources 23 Well Package in Texas

Onyx Resources has retained EnergyNet for the sale of a 23 well package plus 1,082.81 net leasehold acres in Archer, Clay, Fisher, Jones, Kent, Stephens, Taylor and Young counties, Texas.

March 25, 2024

Natural Gas , CERAWeek , Pipelines , Renewables

Exclusive: Renewables Won't Promise Affordable Security without NatGas

Greg Ebel, president and CEO of midstream company Enbridge, says renewables needs backing from natural gas to create a "nice foundation" for affordable and sustainable industrial growth, in this Hart Energy Exclusive interview. 

March 25, 2024

Health, Safety & Environment , CCS/CCUS , Hydrogen

DOE Considers Technip, LanzaTech For $200MM ‘Breakthrough’ Technology Award

The U.S. Department of Energy funding will be used to develop technology that turns CO2 into sustainable ethylene.

March 25, 2024

Finance

Par Pacific Asset-based Revolving Credit Bumped Up by 55%

The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.

March 25, 2024

Crude Oil , International

What's Affecting Oil Prices This Week? (March 25, 2024)

On average, Stratas Advisors are forecasting that oil supply will be at a deficit of 840,000 bbl/d in 2024.

March 25, 2024

Pipelines , Business

Matador Completes NatGas Connections in Delaware Basin

Matador Resources completed natural gas pipeline connections between Pronto Midstream to San Mateo Midstream and to Matador’s acreage in the Delaware Basin.

March 25, 2024