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.
EQT CEO Toby Rice claims his company’s natural gas helps Europe and the climate, but critics see a “false reality.”
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.
Here’s a quicklist of oil and gas assets on the market including a nonoperated position in the Bakken concentrated in Williams and Dunn counties, North Dakota, plus a Sabine Oil & Gas East Texas well package.
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.
EOG Resources established a new position in the Ohio Utica Combo play for a combined cost of entry of less than $500 million, the company said in its Nov. 3 earnings release.
Peregrine Energy Partners’ purchase of Utica Shale royalty interests follows a March transaction in which the company purchased Marcellus and Utica interests from EnerVest.
EQT saw its ability to turn wells to sales hindered by takeaway capacity resulting in a Q3 production miss, which it hopes to rectify with a $5.2 billion deal for Tug Hill and Xcl Midstream.
Here’s a quicklist of oil and gas assets on the market including a Tap Rock Resources operated Permian Basin package in Reeves County in West Texas.
EQT Corp. and Diversified Energy joined The Oil & Gas Methane Partnership 2.0 in June 2021 and May 2022 respectively.