Also in this week's A&D Minute: Coal company Alliance Resource Partners is continuing its Permian Basin expansion, plus industry veteran Rick Muncrief shared his A&D success secrets at NAPE.
Purchase of Medallion Midstream’s Delaware Basin natural gas gathering and processing business adds to Cardinal’s portfolio.
This week, the U.S. oil rig count dropped 10 to 599, while the gas rig count slipped two to 158, according to oilfield services firm Baker Hughes.
A surge in U.S. oil exports has pushed more and more barrels of crude from the Permian basin of West Texas and New Mexico to the port of Corpus Christi, the top U.S. oil export hub.
Elk Range Royalties acquired approximately 2,300 net royalty acres in the Permian Basin from Tower Rock Oil and Gas.
Analysts note that midstream operators of all sizes may have opportunities in CCUS.
Devon Energy’s chief executive revealed the formula that made the firm’s merger with WPX Energy work.
Also in this week's A&D Minute: Matador Resources' Delaware Basin acquisition was the largest of the year so far at $1.6 billion, plus see how small- and mid-sized companies are sizing up against large E&Ps.
Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.
Alliance Resources said Jan. 30 it will purchase Permian oil and gas interests for $72.3 million on the heels of closing a separate $81 million deal.