Matador Consolidates Midstream Subsidiary, JV in $600MM Deal

Matador is merging its Delaware Basin Pronto Midstream subsidiary with its San Mateo Midstream joint venture with Five Point Energy to showcase assets an analytical firm called "underappreciated."

December 5, 2024

The Midland—Oxy’s Second Growth Engine—Already Purring

From 18,000-ft laterals to new exploration in the Emma Barnett, Thaimar Ramirez, president and general manager of Oxy’s Midland Basin Business Unit, detailed the integration of its $12 billion CrownRock takeover.

December 4, 2024

Utica Play Economics Are Middleweight, Enverus Says

Returns in America’s modest, middleweight oil play, are above the Bakken and Eagle Ford, but rank below the Midland, Delaware and Denver-Julesburg basins, Enverus reported.

December 4, 2024

Matador Resources Credit Facility Upped by 30% to $3.25B

Matador Resources’ 19 lenders unanimously approved a 30% increase to the E&Ps borrowing base to $3.25 billion.

December 4, 2024

TerraVest’s Green Energy to Acquire Aureus’ Canadian Water Management Services

TerraVest Industries Inc.’s partially-owned subsidiary Green Energy Services is buying Aureus Energy Services Inc.’s water management and hot oiling services in Alberta and British Columbia.

December 4, 2024

Q&A: Exxon Mobil Pioneers the Permian and Guyana

Liam Mallon, Exxon Mobil’s upstream president, discusses how XOM liquids production has hit a 40-year high on the 25th anniversary of the Exxon-Mobil merger, and plans for the future.

December 3, 2024

EON Enters Funding Arrangement for Permian Well Completions

EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.

December 2, 2024

Classic Rock, New Wells: Permian Conventional Zones Gain Momentum

Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.

December 2, 2024

Exclusive: Permian’s Relevance in US Oil Production Expected to Increase

Jefferies’ Pete Bowden, the global head of industrial, energy and infrastructure investing, discussed the trajectory of the Permian Basin’s production and the future of M&A in the increasingly consolidated region, in this Hart Energy Exclusive interview.

November 26, 2024

Push-Button Fracs: AI Shaping Well Design, Longer Laterals

From horseshoe wells to longer laterals, NexTier, Halliburton and ChampionX are using artificial intelligence to automate drilling and optimize completions.

November 26, 2024