Permian

Diamondback to Sell $2.2B in Shares Held by Endeavor Stockholders

Diamondback Energy, which closed its $26 billion merger with Endeavor Energy Resources on Sept. 13, said the gross proceeds from the share’s sale will be approximately $2.2 billion.

September 20, 2024

Matador Offers $750 Million in Senior Notes Following Ameredev Deal

Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.

September 20, 2024

Worley CEO: Combative Politics Complicating Regulations, Incentives

From LNG to direct air capture, Chris Ashton, CEO of Worley, said economic incentives aren’t “on a pace and scale that are necessary for us to move things forward.”

September 20, 2024

Battalion Accepts Smaller Buyout Offer From Fury Resources

Permian Basin producer Battalion Oil agreed to an updated proposal to be acquired by Fury Resources for $7 per share in cash after an initial offer last year of $9.80 per share.

September 19, 2024

Matador Closes $1.8B Ameredev Deal, Updates Asset Development Plans

Matador Resources’ $1.83 billion bolt-on acquisition of the Delaware Basin’s Ameredev II adds 33,500 acres and brings the company’s inventory to approximately 2,000 net locations.

September 19, 2024

Vitol CEO: US Shale Gas Growing Source of Shipping, Trucking Fuel

International commodities trading house Vitol sees growing demand for U.S. shale gas to spur LNG exports to China, India and emerging economies in Asia.

September 18, 2024

August Well Permits Rebound in August, led by the Permian Basin

Analysis by Evercore ISI shows approved well permits in the Permian Basin, Marcellus and Eagle Ford shales and the Bakken were up month-over-month and compared to 2023.

September 18, 2024

Moss Lake Picks Wood to Design DeLa Express NatGas Project

Moss Lake Partners has selected British engineering firm Wood to design the 645-mile DeLa Express pipeline.

September 16, 2024

Dorchester Inks Deals for Midland, Delaware and D-J Basin Interests

Dorchester Minerals agreed to buy Permian Basin interests in the Midland and Delaware basins for roughly $215 million, based on its Sept. 16 unit price.

September 16, 2024

Rising Phoenix: The Anti-Permian Minerals Firm Buying … Permian

Rising Phoenix Minerals CEO Jace Graham said his boutique firm isn’t getting any bigger: The company doesn’t need a squad of infantry when “we’ve got a team of snipers.”

September 13, 2024