Howard Energy Partners said they’ve achieved record volumes this year with the company’s current natural gas average throughput of over 2.5 Bcf/d and current average terminalling throughput of over 160,000 bbl/d.
After weeks of market speculation, Occidental announced plans to acquire private E&P CrownRock LP for $12 billion, adding core Midland Basin inventory and more upside from deeper zones underground.
Freehold Royalties will acquire mineral and royalty interests from two private sellers in the Midland and Delaware basins, the company said.
Par Five Energy Services will be integrated within ProPetro Holding’s existing cementing team and operating team and brand.
Vital Energy’s rapid growth in the Permian Basin stems from CEO Jason Pigott’s strategy of acquiring smaller private producers—one after the other.
Providence Energy Partners II LP and Providence Energy Partners III LP has retained RedOaks Energy Advisors for the sale of a certain non-operated WI in the Delaware Basin.
E&P Permian Resources will shift to smaller-scale deals to add value as opportunities to consolidate in the Midland and Delaware basins shrink.
As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
Non-op specialist Northern Oil & Gas is entering the Ohio Utica Shale and expanding its position in the northern Delaware Basin with approximately $174 million in M&A.
After nine months of Permian Basin M&A ranging from private buyouts to major mergers, Wood Mackenzie’s Ryan Duman discusses what’s next for dealmakers in the basin.