Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Amplify to Add D-J, Powder River Assets in Merger Agreement with Juniper Capital
Amplify Energy Corp. is combining with certain Juniper Capital portfolio companies in a merger agreement that adds 287,000 acres in the Denver-Julesburg and Powder River basins.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
Back to the Future: US Shale is Growing Up
The Patch’s maturity will be tested in 2025 amid ongoing consolidation and geopolitical dissonance.
Reuters: Northern Oil and Gas in Bid to Acquire Smaller Rival Granite Ridge, Sources Say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
J. Douglas Schick Succeeds PEDEVCO Majority Owner Simon Kukes as CEO
Simon G. Kukes, who took over PEDEVCO in 2018, said the company has since worked toward entering joint development agreements in the Permian and Denver-Julesburg basins.
Utica Play Economics Are Middleweight, Enverus Says
Returns in America’s modest, middleweight oil play, are above the Bakken and Eagle Ford, but rank below the Midland, Delaware and Denver-Julesburg basins, Enverus reported.
Exclusive: Why Family Offices Favor ‘Lower-Risk’ Oil, Gas Investments
Evan Smith, Stephens’ senior vice president for investment banking, describes growth in the company’s network of family offices, specifically those investing in the energy sector, in this Hart Energy Exclusive interview.
Proppant Suppliers Covia, Black Mountain Merge to Become Iron Oak Energy Solutions
Iron Oak Energy Solutions will supply proppant to E&P operations in basins across North America.