Midland Basin
Exploration & Production , Crude Oil
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
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.
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.
Acquisitions & Divestitures
Diamondback Energy to Acquire Permian’s Endeavor for $26B
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.
Acquisitions & Divestitures , Joint Ventures
UK’s Union Jack Oil to Expand into the Permian
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.
Gathering & Processing , Exploration & Production , Shale Plays
Exxon-Pioneer Deal Breaks the Mold—Who Else Benefits?
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.
Acquisitions & Divestitures , Finance
Behind The Scenes: The Pioneer Exxon Deal from A to XOM
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.
Acquisitions & Divestitures , Crude Oil
Civitas Resources Closes $2.1 Billion Vencer Energy Deal
Civitas Resources’ acquisition of the Permian Basin’s Vencer Energy will account for half of Civitas’ total production.
Shale Plays , Acquisitions & Divestitures , Trends
After Record Year, Permian Basin Set for Even More M&A in 2024
The big have grown bigger and Tier 1 acreage is even pricier in America’s hottest oil basin.
Acquisitions & Divestitures , Shale Plays
Analysts: Will Occidental Sell in GoM, Rockies After $12B Permian Deal?
As Occidental spends $12 billion to add scale in the Midland Basin, analysts wonder if the E&P will divest assets in the Gulf of Mexico, the Rockies or other parts of its portfolio.
Transactions , Acquisitions & Divestitures
Warren Buffett Adds Another $588MM in Occidental Stock
Warren Buffett’s Berkshire Hathaway purchased about 10.5 million shares of Occidental Petroleum stock this week as the company announced a deal to purchase a Midland Basin E&P for $12 billion.