Uncoiled: Viper Energy Rides Investor, M&A Wave to New Heights in ‘24
With its units coming off an all-time high, Viper Energy made a $4.45 billion Permian acquisition. VNOM units are gaining favor among Wall Street investors. It took more than a decade and several economic downturns to get there.
PE Firm Voyager to Merge Haynesville OFS Firm with Permian’s Tejas
Private equity firm Voyager Interests’ Haynesville Shale portfolio company VooDoo Energy Services will merge with Tejas Completion Services as part of a transaction backing Tejas, Voyager said.
EOG Ramps Gassy Dorado, Oily Utica, Slows Delaware, Eagle Ford D&C
EOG Resources will scale back on Delaware Basin and Eagle Ford drilling and completions in 2025.
Diversified Energy Closes $1.3B Maverick Acquisition, Enters Permian
Diversified Energy Co. Plc completed its $1.3 billion acquisition of EIG-backed Maverick Natural Resources.
Northwind Midstream Puts Delaware Basin Plant Expansion in Service
Northwind Midstream, backed by Five Point Energy, plans to continue growing its gathering and processing and amine treatment facilities.
Golden Gate Capital Completes Stonehill Environmental Sale
Private equity firm Golden Gate Capital has completed the sale of energy infrastructure company Stonehill Environmental Partners for an undisclosed amount.
Aethon: Haynesville E&Ps Hesitate to Drill Without Sustained $5 NatGas Prices
Operators are looking to the Haynesville to fill rising natural gas demand for U.S. LNG exports. Haynesville E&P Aethon Energy says producers need sustained higher prices to step up drilling.
Oxy CEO: US Oil Production Likely to Peak Within Five Years
U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.
Conoco, TotalEnergies CEOs Talk Methane Regs, Permian Vs. Senegal
ConocoPhillips CEO Ryan Lance and TotalEnergies’ Patrick Pouyanné briefly delved into a Permian Basin versus Senegal debate at CERAWeek by S&P Global.
Archrock to Buy Natural Gas Compression Systems for $357MM
Archrock Inc. will buy privately held Natural Gas Compression Systems Inc. in a cash-and-stock deal that deepens Archrock’s operations in the Permian Basin.