Delaware 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.

January 19, 2021

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.

January 15, 2021

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.

January 13, 2021

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.

January 12, 2021

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.

January 8, 2021

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.

January 8, 2021

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.

January 7, 2021

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.

January 6, 2021

Infrastructure , Shale Plays , Construction , Pipelines

Double E Seeks US Approval for New Permian Basin Gas Pipeline

Double E is one of several pipelines proposed to transport natural gas from the Permian Basin and is expected to enter service in 2021.

January 5, 2021

Public Capital , People , Exploration & Production , Shale Plays

EOG Resources Promotes Ezra Yacob to President

Ezra Yacob had served as executive vice president of E&P of EOG Resources since December 2017, where he was responsible for EOG’s Fort Worth, Artesia and international operating areas.

January 5, 2021