Rockcliff Energy III Executive Chairman Alan Smith and CEO Sheldon Burleson have their Quantum Capital-backed company’s Texas-sized ambition focused on the western Haynesville and the Eagle Ford.
Ovintiv management reported its on track to generate $1.9 billion in 2024 free cash flow but skirted a question about the company’s possible pursuit of Midland Basin E&P Double Eagle.
With energy demand growing, operators look to supply hydrocarbons by drilling longer wells.
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
Haynesville Shale’s largest gas producers are displaying restraint with a $4/Mcf forward curve. “That’s really unusual,” said Expand Energy CEO Nick Dell’Osso.
Amplify Energy terminated an acquisition of oil-weighted assets in the Powder River and Denver-Julesburg basins from Juniper Capital after Amplify’s stock fell 58% since the deal was announced.
Falling oil prices are forcing E&Ps to redraw spending plans. Matador Resources slashed its D&C spending by $100 million due to lower prices.
Natural gas activity picked up more than expected in the first quarter, with the Haynesville Shale leading the way, Patterson-UTI executives said.
U.S. natural gas futures fell about 3% to a five-month low on April 24 on a bigger-than-expected weekly storage build and expectations that mild weather will keep heating and cooling demand low in coming weeks.
Gas producer Range Resources says having access to markets out of the East Coast is a benefit during the U.S.-China trade war as most of its exports head to Europe.
X2 Resources, led by the team behind XCL Resources, is targeting $500 million to multibillion-dollar acquisitions across “premier” oil and gas basins with backing from EnCap and other investors.
ONEOK’s President and CEO Pierce Norton talks about his rapidly expanding company and the M&A grocery list the midstream company uses to explore additional growth opportunities.
California and Uinta producer Berry Corp. announced steps to strengthen its hedge book and liquidity during a period of market volatility.
Upstream deal markets are heading into territory reminiscent of the conditions seen in the first half of 2020, said Andrew Dittmar, Enverus’ principal M&A analyst.