Rebranded Vital focuses on proven strategy of buying up smaller private producers under the radar.
Vital Energy’s rapid growth in the Permian Basin stems from CEO Jason Pigott’s strategy of acquiring smaller private producers—one after the other.
Advisers need to sharpen their pencils at the negotiation table, E&P operator Bryan Sheffield said — because “all you're going to do is upset your seller by promising a market that isn't there. No one's going to pay you.”
Enbridge would gauge demand for increased capacity for exports at Ingleside, Texas.
Providence Energy Partners II LP and Providence Energy Partners III LP has retained RedOaks Energy Advisors for the sale of a certain non-operated WI in the Delaware Basin.
Longreach Alternatives (LRA) has retained Detring Energy Advisors for the sale of its operated oil and gas assets in Andrews County in the northern Midland Basin.
Triple Crown Resources, the private Permian Basin operator, is cutting methane emissions and delivering returns.
As the core of the Permian Basin gets drilled up, E&Ps see years of upside from fringier acreage and unproven targets deeper underground. But these targets will be more expensive to develop, experts say.
E&P Permian Resources will shift to smaller-scale deals to add value as opportunities to consolidate in the Midland and Delaware basins shrink.
As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.