Midland Basin
Acquisitions & Divestitures , Shale Plays , Earnings
Which Occidental Assets Will Hit Chopping Block After $12B CrownRock Deal?
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.
Acquisitions & Divestitures , Crude Oil , Exploration & Production
Freehold Royalties to Acquire Permian Basin Interests for $82MM
Freehold Royalties will acquire mineral and royalty interests from two private sellers in the Midland and Delaware basins, the company said.
Acquisitions & Divestitures
Occidental to Acquire Midland Basin E&P CrownRock for $12B
Occidental Petroleum said the purchase of CrownRock includes 1,700 undeveloped locations, 750 of which break even at prices of less than $40/bbl of WTI.
Acquisitions & Divestitures
Endeavor Energy Explores Sale for up to $30B, Sources say
Endeavor Energy Partners operations span 350,000 net acres in the Permian’s Midland Basin — considered of the most lucrative oil and gas region in the U.S.
Acquisitions & Divestitures
ProPetro Acquires Permian Cementing Business Par Five Energy
Par Five Energy Services will be integrated within ProPetro Holding’s existing cementing team and operating team and brand.
Lease Sales
Marketed: Longreach Alternatives Operated Oil, Gas Assets in Andrews County
Longreach Alternatives (LRA) has retained Detring Energy Advisors for the sale of its operated oil and gas assets in Andrews County in the northern Midland Basin.
Natural Gas , Emissions , Business , Executive Oil Conference
Tackling Methane Emissions: Triple Crown’s Secret to Success
Triple Crown Resources, the private Permian Basin operator, is cutting methane emissions and delivering returns.
Shale Plays , Acquisitions & Divestitures , Mergers , Executive Oil Conference
Post-Earthstone Deal, Permian Resources Switches Up M&A Strategy
E&P Permian Resources will shift to smaller-scale deals to add value as opportunities to consolidate in the Midland and Delaware basins shrink.
Rig Counts , Unconventional , Executive Oil Conference
ProPetro CEO: Next-gen Equipment Demand High Despite Market Headwinds
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.
![The Permian’s next M&A Hotspot may be the Delaware Basin [Watch]](/sites/default/files/styles/featurable_list_image/public/image/2023/11/exclusive-ryan-duman.jpg?itok=QYcXM52s)
Trends , Executive Oil Conference , Acquisitions & Divestitures , Hart Energy Exclusive
The Permian’s Next M&A Hotspot May be the Delaware [WATCH]
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.