Midcontinent
Shale Plays , Acquisitions & Divestitures
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
Shale Plays , Acquisitions & Divestitures
Benchmark Closes Anadarko Deal, Hunts for More M&A
Benchmark Energy II closed a $145 million acquisition of western Anadarko Basin assets—and the company is hunting for more low-decline, mature assets to acquire.
Exploration & Production
Evolution Petroleum Sees Progress on SCOOP/STACK, Chaveroo Operations
Evolution expects to participate in future development blocks, holding in aggregate over 70 additional horizontal well locations.
Shale Plays , Investment , Acquisitions & Divestitures , Earnings , Natural Gas
Analysts: Why Are Investors Snapping Up Gulfport Energy Stock?
Shares for Oklahoma City-based Gulfport Energy massively outperformed market peers over the past year—and analysts think the natural gas-weighted name has even more upside.
Acquisitions & Divestitures
Benchmark Buys Revolution Resources’ Anadarko Assets in $145MM Deal
Benchmark Energy II is acquiring Revolution Resources just over four years after Revolution bought out Jones Energy Inc.’s Midcontinent portfolio.
Crude Oil , Natural Gas
EIA: Oil, Gas Output to Fall Across Lower 48 in February
Daily oil and gas output is forecasted to decline from shale basins across the Lower 48 in February—except from the mighty Permian Basin, according to new Energy Information Administration figures.
Acquisitions & Divestitures , Shale Plays
Evolution Petroleum Acquires SCOOP/STACK Interests
Evolution Petroleum entered agreements with three companies to purchase non-op interests in Oklahoma’s SCOOP and STACK plays for $43.5 million, equaling its largest transaction so far.
Acquisitions & Divestitures
Mach Natural Resources Closes $815MM Anadarko Basin Bolt-on
Mach Natural Resources closed a previously announced deal with EnCap-backed Paloma Partners IV to acquire approximately 62,000 net acres in Oklahoma.
Acquisitions & Divestitures
Unit Corp. Divests Texas Panhandle Assets for $50 Million
Oklahoma-based Unit Corp. sold non-core oil and gas assets in the Texas Panhandle for cash proceeds of $50 million.
Energy Storage
The Great Lithium Rush: Oil and Gas Companies Turn Prospectors
Traditional oil, gas and wastewater players join chemical manufacturers and North American lithium pure-play companies to lift production of the critical material.