Piceance Uinta

SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal

SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.

July 18, 2024

Trio Chairman Robin Ross Named CEO Less Than a Month After Return

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.

July 15, 2024

Supreme Court’s Uinta Basin Rail Case Raises Stakes for LNG, Pipelines

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.

July 10, 2024

It’s All Relative: Family Oil Companies Attract Huge M&A Attention

What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?

July 1, 2024

SM Stock Dives Over 10% as Investors Weigh $2B Uinta Basin Deal

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.

June 27, 2024

SM Energy to Buy XCL Resources in $2.55B Entry into Uinta Basin

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.

June 27, 2024

Watching the Uinta: XCL Petitions the FTC to Approve Altamont Acquisition

XCL Resources' petition was required under a prior agreement EnCap Energy Capital Fund XI struck with the FTC in 2022, which required the private equity group to sell off EP Energy’s Utah oil business.

June 25, 2024

Private Oil Producers Dwindle Amid Consolidation in New Top Operators List

According to a compilation by Enverus in an exclusive partnership with Oil and Gas Investor, the list of the top 20 private oil producers has been reshaped following a period of massive M&A. 

June 25, 2024

Exclusive: XCL Increases Production Amidst Lookout for More Inventory

XCL Resources is beginning its journey to acquire Altamont Energy, but in the meantime, the company is refining its operations in the Uinta Basin to find the perfect lateral length. 

June 7, 2024

Hunt Oil Co. Markets DJ, Midcontinent-heavy Minerals Package

Hunt Oil Co., one of the nation’s oldest family-owned oil companies, is marketing minerals and royalties across several major basins.

June 4, 2024