Permian

Shale Plays , Mergers , Trends , CERAWeek

CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps

Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.

March 18, 2024

Pipelines , Natural Gas , Liquefied Natural Gas (LNG)

Waha NatGas Prices Go Negative

An Enterprise Partners executive said conditions make for a strong LNG export market at an industry lunch on March 14. 

March 14, 2024

Acquisitions & Divestitures , Mergers , Trends

Daugherty: Diamondback Scales Up Amid Consolidation Super Cycle

It’s time for the strongest among the services sector to follow Diamondback's lead: find fortifying prey and hunt.

March 11, 2024

Exploration & Production , Mergers , Acquisitions & Divestitures

For Sale, Again: Oily Northern Midland’s HighPeak Energy

The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.

March 8, 2024

Joint Ventures , Crude Oil

Ecopetrol, Occidental Permian JV Generating Positive Results

Ecopetrol SA's joint venture with Occidental Petroleum in the Permian continues to generate outstanding operational and financial results for the Colombian state-owned energy giant.

March 7, 2024

Natural Gas , Crude Oil

Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1

Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.

March 6, 2024

Business , Mergers

JMR Services, A-Plus P&A to Merge Companies

The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.

March 5, 2024

Natural Gas , Rig Counts

Turning Down the Volumes: EQT Latest E&P to Retreat from Painful NatGas Prices

Despite moves by EQT, Chesapeake and other gassy E&Ps, natural gas prices will likely remain in a funk for at least the next quarter, analysts said.

March 4, 2024

Natural Gas , NAPE , Hart Energy Exclusive

Exclusive: Despite Uncertainty, NatGas Balances Out

McKinsey and Co.'s Luciano Di Fiori says the natural gas market is capable of balancing itself out—despite LNG permit approval pauses, midstream constraints and dependence on oil production—in this Hart Energy LIVE Exclusive interview with Editorial Director Jordan Blum.  

March 4, 2024

Acquisitions & Divestitures

Sitio Royalties Dives Deeper in D-J with $150MM Acquisition

Sitio Royalties is deepening its roots in the D-J Basin with a $150 million acquisition—citing regulatory certainty over future development activity in Colorado.

February 29, 2024