Delaware Basin

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.

April 11, 2024

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.

April 5, 2024

Midstream , Finance

Kinetik Holdings Enters Agreement to Pay Debt

Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.

April 4, 2024

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.

April 3, 2024

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.

March 26, 2024

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.

March 25, 2024

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.

February 27, 2024

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.

February 14, 2024

Acquisitions & Divestitures , Mergers , Shale Plays

Analysts: Diamondback-Endeavor Deal Creates New Permian Super Independent

The tie-up between Diamondback Energy and Endeavor Energy—two of the Permian’s top oil producers—is expected to create a new “super-independent” E&P with a market value north of $50 billion.

February 12, 2024

Dividends/Buybacks

Northern Oil and Gas Ups Dividend 18%, Updates Hedging

Northern Oil and Gas, which recently closed acquisitions in the Utica Shale and Delaware Basin, announced a $0.40 per share dividend.

February 9, 2024