Midland Basin

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.

January 2, 2024

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.

December 28, 2023

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.

December 18, 2023

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.

December 15, 2023

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.

December 11, 2023

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.

December 11, 2023

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.

December 11, 2023

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.

December 10, 2023

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.

December 4, 2023

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.

November 29, 2023