Midland Basin
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.
Trends , Executive Oil Conference
WoodMac: Top-tier Permian Inventory Scarce, ‘Extremely Expensive’
E&Ps large and small are scouring the Permian Basin to buy up top-quality drilling locations. But they’ll have to pay a hefty premium to get longer in America’s hottest oil play, according to WoodMac research.
![Exclusive: Proactivity Towards Methane Reduction, Environmental Education [WATCH]](/sites/default/files/styles/featurable_list_image/public/image/2023/11/exclusive-proactivity-towards-methane-reduction-environmental-education.jpg?itok=hv5x5e-u)
Executive Oil Conference , Methane , Emissions
Exclusive: Proactivity Towards Methane Reduction [WATCH]
Steve Pruett, president and CEO at Elevation Resources and chairman at IPAA, highlights methane emission problems in the Permian and steps to maintain the environment in this Hart Energy LIVE Exclusive Interview.
Mergers , Earnings
Permian Resources Finds ‘Unique Value Prop’ in Small-ball M&A
Permian Resources isn’t ruling out more large-scale M&A after closing a $4.5 billion acquisition earlier this month, but the growing E&P sees multiple opportunities for small-scale bolt-ons in the Delaware Basin.
Lease Sales
Marketed: Winn Resources Operated Midland Basin Opportunity
Winn Resources LLC retained RedOaks Energy Advisors for the sale of certain operated working interest properties in Midland County, Texas.
Pipelines , Natural Gas liquids (NGL)
Enterprise Focuses on NGL in Permian with $3.1B in Projects
Enterprise Products announced a gas-related network expansion, while Marathon Petroleum’s MPLX midstream company continues its Midland Basin pipeline development.
Acquisitions & Divestitures , Shale Plays , Earnings
Exxon Seeks Drilling Efficiencies, Lower Costs on Pioneer’s Midland Acreage
Exxon Mobil has fine-tuned a cube development strategy on its lower-quality Midland Basin acreage. The supermajor sees nothing but upside from deploying its strategy on Pioneer Natural Resources’ premier Midland position.
Acquisitions & Divestitures , Shale Plays , Earnings
Northern Oil and Gas A&D Gains Traction through Permian ‘Ground Game’
Northern Oil and Gas picked up more wells and acreage in the third quarter and upped its capex as, so far this year, the company cobbled together nearly 30 net locations through 31 transactions.