Key family offices, whose wealth developed from other industries, are filling in oil and gas investment gaps left by the flight of endowment and institutional capital from the space.
SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.
Private E&Ps are keeping pace with public operators in taking permits for new-drill horizontals across the Lower 48, according to a research report.
Robin Ross, who last month returned to Trio Petroleum as board chair, has been named CEO while predecessor Michael Peterson will remain as a consultant.
The lawsuit, involving crude transport via railway in the Uinta Basin, is part of a larger intragovernmental fight that could have implications for how FERC decides pipeline and LNG plant permitting.
Gas-weighted assets’ M&A values have declined with gas futures since 2022, according to J.P. Morgan Securities analysis.
Elevation Midstream and Platte River Holdings, a subsidiary of ARB Midstream, are merging to create a D-J Basin midstream company of scale.
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
Shares for SM Energy were trading down after announcing a multibillion-dollar entry into Utah’s Uinta Basin, an unusual move that nonetheless adds scale to the company’s Eagle Ford Shale and Permian Basin operations.
SM Energy has entered into a joint acquisition with Northern Oil and Gas to buy XCL Resources’ oil-heavy Uinta Basin assets in a core area that SM says competes with the Midland Basin.