U.S. gas producer Southwestern Energy Co. has entered a definitive merger agreement with Haynesville producer Indigo Natural Resources LLC to acquire Indigo for about $2.7 billion, the company said on June 2.
U.S. rig count fell slightly for the second week in a row, leading to the conclusion that last week’s sudden drop was more than a blip caused by rig downtime — some rigs moving between wells.
Antero Resources Corp. says its days of growth are over, while other operators are still working to capitalize on growth after the pandemic slump.
Chesapeake Marcellus discoveries, permits issued for Wyoming horizontal drilling program plus more Eagleville Field completions by EOG Resources top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including Oasis Petroleum’s Permian Basin exit and the all-equity consolidation of three Kayne Anderson portfolio teams in the Anadarko Basin.
Despite being named as potential targets for larger rivals, the merger between Cabot Oil & Gas and Cimarex Energy shows a desire to remain independent while reaching a size that is relevant for energy investors, says Enverus analyst Andrew Dittmar.
The U.S. dropped 21 active oil and gas rigs in the past week with Enverus noting the week-over-week swing to most likely be due to rigs moving between wells.
The combination of Cabot Oil & Gas and Cimarex Energy, which will operate under a new name, is estimated to have an enterprise value of approximately $17 billion.
Williston results from Oasis, a Chesapeake Marcellus discovery plus three Permian Basin wells completed in the Wolfcamp Shale by Pioneer Natural Resource completes in Midland County, Texas, top this week’s oil and gas drilling activity highlights from around the world.