Delaware Basin
Shale Plays , Acquisitions & Divestitures
Enverus: Q1 Upstream Deals Hit $51B, But Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
Dividends/Buybacks
Matador Resources Announces Quarterly Cash Dividend
Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
Exploration & Production , Shale Plays , Acquisitions & Divestitures
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
Shale Plays , Exploration & Production , Acquisitions & Divestitures , Crude Oil
Mighty Midland Still Beckons Dealmakers
The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.
Midstream , Finance
Kinetik Holdings Enters Agreement to Pay Debt
Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.
Natural Gas , Natural Gas liquids (NGL) , Field Development
Enterprise Increasing Permian NatGas Production
Enterprise Products Partners began service on two natural gas plants: the Leonidas in the Midland Basin and the Mentone 3 in the Delaware Basin, each with a capacity to process 300 MMcf/d of natural gas and 40,000 bbl/d of NGLs.
Investment , Acquisitions & Divestitures
Matador Stock Offering to Pay for New Permian A&D—Analyst
Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
Pipelines , Business
Matador Completes NatGas Connections in Delaware Basin
Matador Resources completed natural gas pipeline connections between Pronto Midstream to San Mateo Midstream and to Matador’s acreage in the Delaware Basin.
Acquisitions & Divestitures
Atlas Energy Solutions to Buy Hi-Crush, Consolidating Permian Services
The $450 million deal effectively connects Atlas Energy Solutions’ Delaware Basin logistics and proppant offerings with Hi-Crush’s operations in the Midland Basin.
Dividends/Buybacks
Matador Resources Declares Quarterly Dividend
Matador Resources will pay a $0.20 dividend on March 13 to shareholders of record by Feb. 23.