XCL Resources Team Launches X2, Targets Multibillion-Dollar M&A
X2 Resources, led by the team behind XCL Resources, is targeting $500 million to multibillion-dollar acquisitions across “premier” oil and gas basins with backing from EnCap and other investors.
Berry Corp. Ups Hedge Book During Oil Market Volatility
California and Uinta producer Berry Corp. announced steps to strengthen its hedge book and liquidity during a period of market volatility.
On The Market This Week (April 7, 2025)
Here is a roundup of marketed oil and gas leaseholds in the Permian, Uinta, Haynesville and Niobrara from select E&Ps for the week of April 7, 2025.
How Elk Range Took the Leap to Buy Oxy’s $905MM D-J Heirloom
Elk Range Royalties closed on a $905 million purchase of Occidental’s assets in the Denver-Julesburg Basin in March— a once-in-a-lifetime purchase, CEO Charlie Shufeldt told Hart Energy.
SM Energy Marries Wildcatting and Analytics in the Oil Patch
As E&P SM Energy explores in Texas and Utah, Herb Vogel’s approach is far from a Hail Mary.
Wildcat Expanding Terminal Transporting Crude from Uinta to Gulf Coast
Wildcat Midstream has begun expanding its Helper export terminal for more capacity to take crude from the Uinta Basin to the Gulf Coast.
The Wall: Uinta, Green River Gas Fills West Coast Supply Gaps
Gas demand is rising in the western U.S., and Uinta and Green River producers have ample supply and takeaway capacity.
Early Innings: Uinta’s Oily Stacked Pay Exploration Only Just Starting
Operators are testing horizontal wells in less developed Uinta Basin zones, including the Douglas Creek, Castle Peak, Wasatch and deeper benches.
SM’s First 18 Uinta Wells Outproducing Industry-Wide Midland, South Texas Results
Shallow tests came on with 685 boe/d, 95% oil, while deeper new wells averaged 1,366 boe/d, 92% oil, from two-mile laterals, SM Energy reported.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.