Shale Plays , Acquisitions & Divestitures

Northern Oil and Gas Closes Acquisition Alpha Energy’s Delaware Assets

Northern closes another of its second-half deals during a stretch when it ran up acquisitions valued at roughly $900 million.

December 2, 2022

Unconventional , Water Management , Construction

XRI Begins Construction of Permian Water Pipeline System

The Evolution Pipeline will total 230 miles of pipe in its water recycling system in the Midland Basin, XRI says.

December 2, 2022

Unconventional , Acquisitions & Divestitures

Diamondback Energy Completes FireBird Acquisition for $1.75 Billion

Diamondback Energy’s FireBird transaction is part of a duo of billion-dollar acquisitions in the Midland Basin the company announced in the fourth quarter.

December 1, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Nov. 30, 2022

Here’s a snapshot of recent energy deals including a $1.55 billion acquisition by Diamondback Energy in the Permian Basin and Shell’s nearly $2 billion RNG deal.

November 30, 2022

Crude Oil , Infrastructure , Construction

Enterprise’s Deepwater SPOT Project Receives Conditional Green Light

Enterprise’s Sea Port Oil Terminal could export 2 MMbbl/d from nearly 30 miles offshore of the Houston area directly onto VLCCs.

November 23, 2022

Public Capital , Executive Oil Conference , Acquisitions & Divestitures

Permian Resources Could Entertain Value Propositions Next Year, Co-CEO Says

Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.

November 22, 2022

Public Capital , Unconventional , Energy Transition

BP Praises Biden Climate Law While Expanding US Shale

The British company’s U.S. boss Dave Lawler says Biden’s Inflation Reduction Act has put the oil major’s green plans on “steroids.”

November 22, 2022

Executive Oil Conference , Unconventional , Natural Gas

Permian Gas Production Set to Rise 41% by 2030, Rystad Says

Gas production from the Permian Basin has already surpassed pre-pandemic highs and is slated to rise 41% by 2030 compared to current levels, according to Rystad Energy data.

November 21, 2022

Public Capital , Unconventional , Acquisitions & Divestitures

Diamondback Flexes Equity Muscles in $3.3 Billion Lario, FireBird Deals

Diamondback, Marathon Oil and Devon have dominated second-half M&A thanks to higher EBITDA multiples and yields than smaller E&P competitors can offer.

November 18, 2022

Crude Oil , Shale Plays , Pipelines

Shell's Zydeco Oil Pipeline Running at Reduced Capacity

Shell Pipeline Co.'s Zydeco pipeline system alleviates transportation bottlenecks of crude arriving from the Eagle Ford, Permian and Bakken regions to Houston.

November 18, 2022