The pureplay operator Sabine Oil and Gas is in the market to buy—preferably to add to its East Texas portfolio — but is also open to gassy assets in the Eagle Ford, Oklahoman Woodford and Utica.
Operators are adding inventory, largely through M&A, as some E&Ps see well productivity plateauing.
Undeterred by volatility in U.S. natural gas prices, Houston-based EOG Resources plans to accelerate drilling and gas production this year, including its emerging plays in South Texas and the Utica Shale.
CNX Resources grew proved developed reserves at high capital efficiency over a long period of times, says CNX COO Navneet Behl.
Also in this week’s A&D Minute: Kimbell Royalty Partners made its largest deal in four years plus find out why EOG Resources CEO Ezra Yacob is comparing the company’s new Utica play’s prospects to the Delaware Basin.
EOG Resources’ new Ohio Utica position is “almost reminiscent of what we saw nearly a decade ago happening in the Delaware Basin,” said CEO Ezra Yacob.
Here’s a snapshot of recent energy deals including Marathon Oil’s $3 billion cash acquisition of Ensign Natural Resources in the Eagle Ford Shale plus Kimbell’s largest deal in four years.
Also in this week’s A&D Minute: Marathon’s Ensign deal, EOG establishes its “next large-scale premium resource play” and EQT’s plans to control its own destiny.