The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
The $450 million deal effectively connects Atlas Energy Solutions’ Delaware Basin logistics and proppant offerings with Hi-Crush’s operations in the Midland Basin.
SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
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.
Diamondback Energy will acquire Endeavor Energy in a cash-and-stock agreement that will create a Permian juggernaut with a combined value of more than $52 billion in a merger of near equals.
In addition to its three mineral royalty acquisitions in the Permian, Union Jack Oil is also looking to expand into Oklahoma via joint ventures with Reach Oil & Gas Inc.
Exxon Mobil's guidance indicates the supermajor intends to step on the gas once it completes the acquisition of Pioneer Natural Resources, which could lead to more investment in midstream infrastructure.
Pioneer was a potential buyer of a mystery E&P before deciding to sell to Exxon Mobil. Between June 22 and Oct. 10, terms of 2023’s largest U.S. oil and gas merger were debated.
Civitas Resources’ acquisition of the Permian Basin’s Vencer Energy will account for half of Civitas’ total production.
The big have grown bigger and Tier 1 acreage is even pricier in America’s hottest oil basin.