Midland Basin

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

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.

November 29, 2023

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.

November 22, 2023

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.

November 21, 2023

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.

November 17, 2023

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.

November 17, 2023

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. 

November 16, 2023

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.

November 10, 2023