Delaware Basin

Permian Surface-owner LandBridge to Raise up to $367MM in IPO

Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin.

June 17, 2024

Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A

Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.

June 14, 2024

By the Horns: Matador Wrangles Ameredev Deal for Delaware Scale

Matador Resources expects its enterprise value to reach $11.5 billion after acquiring Ameredev II for $1.9 billion in cash—not bad for a brand launched in 1983 with friends-and-family financing.

June 13, 2024

CPX Energy Grows in the Delaware with Farm-in, Development Agreements

CPX Energy also began spudding a three-well pad in the Wolfcamp Shale.

June 12, 2024

Matador Resources Buys EnCap E&P Ameredev II for $1.9B

Matador Resources is expanding its Delaware Basin footprint in West Texas and New Mexico with the acquisition of EnCap-backed operator Ameredev II.

June 12, 2024

Hunting for Growth: Petro-Hunt Digs Deeper into Delaware, Williston

Dallas-based Petro-Hunt, one of the nation’s largest private oil and gas producers, is drilling in the Permian and Williston basins—and keeping an eye out for accretive M&A.

June 7, 2024

Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit

Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.

June 6, 2024

Kinetik Sells $540MM Stake in Gulf Coast Express Pipeline

Kinetik Holdings’ $540 million deal will help the midstream company pay for its recently announced acquisition of Durango Permian Infrastructure.

June 4, 2024

Permian Pulse: Franklin Mountain Stands Out Among Delaware M&A Targets

Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.

June 4, 2024

The Shape of M&A to Come: Is Devon Up Next to Join the Spree?

ConocoPhillips' recent $17.1 billion deal to acquire Marathon Oil came after the company missed out on buying CrownRock and Endeavor, two companies Devon Energy took a hard look at, Moelis’ Stephen Trauber said.

May 30, 2024