Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+

Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.

February 11, 2025

The Aggregators: Avant’s Winning Formula to Deliver Returns

Avant Natural Resources buys small, sells big and is loving every minute of it.

February 6, 2025

Fatal Texas Oilfield Accident Leaves One Dead, Two Injured

One man was killed and two others were injured at an oilfield in Texas on Jan. 29 where ProPetro Services was conducting fracking operations at a well site owned by Permian Resources Corp.

January 29, 2025

The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze

In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.

January 28, 2025

Coterra Energy Closes Pair of Permian Basin Deals for $3.9B

Coterra Energy Inc. purchased Delaware Basin assets from Franklin Mountain Energy and Avant Natural Resources for $3.9 billion.

January 28, 2025

M&A Target Double Eagle Ups Midland Oil Output 114% YOY

Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.

January 27, 2025

Diversified to Acquire Maverick, Enter Permian Basin in $1.3B Deal

Diversified Energy will acquire EIG’s Maverick Natural Resources, adding acreage that offsets Diversified’s core Western Anadarko position and Permian Basin assets in the northern Delaware.

January 27, 2025

RoboTrucks Arrive in Permian Basin, Haul Proppant for Atlas Energy

Autonomous trucks developed by Kodiak Robotics delivered sand, off-road, for Atlas Energy Solutions’ Permian operations beginning in December.

January 24, 2025

On The Market This Week (Jan. 20, 2025)

Here is a roundup of marketed oil and gas interests in the Delaware Basin, Midcontinent and Bakken from select sellers.

January 24, 2025

Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC

The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.

January 21, 2025