Permian

Analyst: US NGL Market Tightens Links to Crude, NatGas Production

A boost in propane and ethane development is tied to the opening of the Matterhorn Pipeline in the Permian, evidence of the increasingly closer link between different sectors of the energy industry.

August 30, 2024

Rising Phoenix Royalties Adds Permian Basin Mineral Interests

The acquisition of Permian Basin interests in Dawson County, Texas, follows a July deal by Rising Phoenix Royalties for a non-operated working interests in the Denver-Julesburg (D-J) Basin.

August 29, 2024

ONEOK Secures Traffic for Growing Midstream Network with $5.9B Deal

ONEOK’s latest deals to acquire controlling interest in midstream companies EnLink and Medallion are considered “neutral” for the company’s credit rating.

August 29, 2024

Why Buying Double Eagle Does (and Doesn’t) Make Sense for Ovintiv

Proceeds from an Ovintiv divestiture in the Uinta Basin could help fund a deal for Double Eagle’s Midland Basin assets, but analysts say the money could just as easily be used for debt reduction.

August 29, 2024

ONEOK to Acquire Permian’s EnLink, Medallion Midstream for $5.9 Billion

ONEOK will acquire Global Infrastructure Partners’ interests in EnLink Midstream and Medallion Midstream, which add scale in the Permian, Midcontinent and Louisiana, in separate transactions valued at $5.9 billion.

August 28, 2024

‘Knife Fight’ for NGLs Driving Midstream Mergers in 2024

The latest acquisitions in the midstream sector are focusing on natural gas gathering and processing to secure a spot in the lucrative NGL market.

August 28, 2024

Could UpCurve Be an M&A Target in Delaware Inventory Scramble?

On a shrinking list of private equity-backed Delaware Basin operators, UpCurve Energy’s CEO told Hart Energy there’s a “reasonable chance” the company’s Reeves County, Texas, assets will be sold off.

August 28, 2024

Texas Pacific Land Acquires Delaware Minerals, Midland Acreage

Texas Pacific Land Corp. said it closed acquisitions of net royalty interests in the Delaware Basin and more than 4,100 Midland Basin acres.

August 27, 2024

From Exxon to APA, E&Ps Feel Need to Scratch Exploration Itch

Exxon Mobil is looking for its “next Permian,” which an executive said could be in Algeria.

August 27, 2024

Exxon Explores Sale of Conventional Permian Basin Assets

Exxon Mobil, which closed a $60 billion takeover of Pioneer Natural Resources this year, is exploring selling legacy conventional assets in the Permian Basin.

August 27, 2024