Permian

Unconventional , Shale Plays , Acquisitions & Divestitures

Diamondback Energy to Acquire Lario Permian for $1.55 Billion

The acquisition of Lario Permian follows Diamondback Energy’s agreement to acquire FireBird Energy in the Midland Basin last month.

November 16, 2022

Public Capital , Unconventional , Acquisitions & Divestitures

Exclusive: Diamondback’s Execution Machine and the Mythical Generalist Investor [WATCH]

Diamondback Energy’s president and CFO, Kaes Van’t Hof, spoke to Hart Energy about the return of the “mythical generalist investor” plus what’s next for the Permian company after closing its recent $1.6 billion acquisition.

November 16, 2022

Executive Oil Conference , Unconventional , Policy & Regulations

Diamondback CFO: Regulations May Ultimately Help the Industry

While uncertainty remains around the expected regulations resulting from the surprise EPA drop, “our shareholders demand we do better than the regulations anyway,” Diamondback Energy CFO Kaes Van’t Hof told attendees of Hart Energy’s Executive Oil Conference.

November 16, 2022

Trends

A&D Minute (Nov. 16, 2022): Diamondback’s $500 Million Divestiture Goal [WATCH]

Also in this week’s A&D Minute: Kimbell Royalty Partners made its largest deal in four years plus find out why EOG Resources CEO Ezra Yacob is comparing the company’s new Utica play’s prospects to the Delaware Basin.

November 16, 2022

Exploration & Production , Drilling

Nabors Unveils Next Stage of Fully Automated Land Drilling

Nabors retrofitted an existing rig with its “first-of-its-kind robotics module,” named RZR and has successfully drilled multiple horizontal wells for Exxon Mobil in the Permian Basin, the company said Nov. 16.

November 16, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Nov. 16, 2022)

Here’s a quicklist of oil and gas assets on the market including a Recoil Resources Eagleville Field well package within the Eagle Ford Basin in Atascosa and Wilson counties, Texas.

November 16, 2022

Shale Plays , Gathering & Processing , Pipelines

Midstream Takeaway: More Permian Pipelines

The current round of pipeline expansions means more capacity and consolidation in the Permian Basin.

November 15, 2022

Earnings , Exploration & Production

Ecopetrol Eyes Suspension of Fracking Pilots with Exxon Mobil, Higher Output Next Year

Colombia’s oil giant Ecopetrol is taking steps to decelerate plans related to two fracking pilots with Exxon Mobil owing to opposition from President Gustavo Petro but continues to eye low single-digit production growth next year amid positive results at home and in the Permian Basin.

November 10, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Diamondback Makes Quick Work Toward Divestiture Goal With $155 Million Sale

Diamondback Energy has targeted $500 million of noncore asset sales in the Permian Basin in connection with its $1.6 billion FireBird acquisition last month.

November 10, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Nov. 9, 2022

Here’s a snapshot of recent energy deals including Marathon Oil’s $3 billion cash acquisition of Ensign Natural Resources in the Eagle Ford Shale plus Kimbell’s largest deal in four years.

November 9, 2022