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Permian
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