Delaware Basin
Public Capital , Exploration & Production
Permian Operator Ring Energy Moves Headquarters to Greater Houston Area
Effective Jan. 19, Ring Energy’s corporate headquarters will be located in The Woodlands, Texas. Additionally, the Permian operator closed its Andrews, Texas field office, downsized its Midland office and plans to close its Tulsa, Okla. office.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Jan. 20, 2021
Here’s a snapshot of recent energy deals including the closing of ConocoPhillips’ $13.3 billion acquisition of Concho Resources, one of the largest independent shale producers in the Permian Basin.
Public Capital , People , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
ConocoPhillips Completes Concho Acquisition; Tim Leach Joins Leadership
The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian.
Public Capital , Exploration & Production , Shale Plays
SEC Launches Probe of Exxon Mobil on Permian Basin Asset Valuation
Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Jan. 13, 2021
Here’s a snapshot of recent energy deals including the closing of Devon’s all-stock merger with WPX plus Pioneer completed its acquisition of Parsley creating a premier Permian independent energy company.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
Pioneer Completes Parsley Energy Acquisition through All-stock Merger
The all-stock acquisition of Parsley Energy valued at over $7 billion gives Pioneer Natural Resources combined control of nearly 1 million acres across the Permian Basin with positions in both the Delaware and Midland sub-basins.
Public Capital , Shale Plays , Acquisitions & Divestitures
Northern Oil and Gas Reveals Permian Basin Acquisitions in Recent Update
The Permian Basin transactions are noteworthy as Northern Oil and Gas looks to expand operations and inventory outside of the Williston, an Enverus analyst says.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (Jan. 8, 2021)
Howard County, Texas, completion produces from Spraberry and Wolfcamp, a high-volume Permian Basin discovery by Oxy and four Marcellus wells completed at Pennsylvania’s Susquehanna County top this week’s drilling activity highlights from around the world.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
Devon Completes ‘Merger of Equals’ Transaction with WPX Energy
The combined company will operate under the name Devon Energy with a premium acreage position in the economic core of the Delaware Basin.
Business , Shale Plays , Acquisitions & Divestitures , Trends , Mergers
Upstream Deals Hit Historic Lows Despite Late 2020 Merger Mania
While big corporate deals lifted M&A value to $52 billion, upstream oil and gas deal flow for 2020, as measured by Enverus, fell to historic lows.