DUCs Fly the Coop: Big Drawdowns from the Midland to Haynesville

The Midland Basin depleted its inventory of excess DUCs the most last year, falling from two months of runway to one during the past year, according to a report by Enverus Intelligence Research.

February 12, 2025

Apollo Funds Acquires NatGas Treatment Provider Bold Production Services

Funds managed by Apollo Global Management Inc. have acquired a majority interest in Bold Production Services LLC, a provider of natural gas treatment solutions.

February 12, 2025

Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+

Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.

February 11, 2025

EON Deal Adds Permian Interests, Restructures Balance Sheet

EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.

February 11, 2025

BP’s Eagle Ford Refracs Delivering EUR Uplift, ‘Triple-Digit’ Returns

BP’s shale segment, BPX Energy, is seeing EUR uplifts from Eagle Ford refracs “we didn’t really predict in shale,” CEO Murray Auchincloss told investors in fourth-quarter earnings.

February 11, 2025

Element3 Produces Lithium Carbonate from Permian Oil, Gas Wastewater

Element3 says it produced the battery-grade lithium carbonate using a Double Eagle Energy Holding subsidiary’s wastewater in the Midland Basin.

February 10, 2025

Expand CFO: ‘Durable’ LNG, Not AI, to Drive US NatGas Demand

About three-quarters of future U.S. gas demand growth will be fueled by LNG exports, while data centers’ needs will be more muted, according to Expand Energy CFO Mohit Singh.

February 7, 2025

Prairie Operating to Buy Bayswater D-J Basin Assets for $600MM

Prairie Operating Co. will purchase about 24,000 net acres from Bayswater Exploration & Production, which will still retain assets in Colorado and continue development of its northern Midland Basin assets.

February 7, 2025

The Aggregators: Avant’s Winning Formula to Deliver Returns

Avant Natural Resources buys small, sells big and is loving every minute of it.

February 6, 2025

Rising Phoenix Capital Launches $20MM Mineral Fund

Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.

February 5, 2025