Rockies

Mergers , Policy & Regulations

Daugherty: Feds Take Aggressive Posture on Oil, Gas Mergers

Newly released guidelines by the Department of Justice and Federal Trade Commission suggest that a post-deal, combined market share of more than 30% is potentially problematic.

February 1, 2024

Acquisitions & Divestitures , Water Management

Select Water Solutions Bolts On Haynesville, Rockies Assets for $90MM

Select Water Solutions Inc. added disposal and recycling capacity in the Haynesville Shale and the Rockies across three acquisitions in January.

January 31, 2024

Investment , Private Equity , Exploration & Production

Private Equity: Seeking ‘Scottie Pippen’ Plays, If Not Another Michael Jordan

The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.

January 24, 2024

Exploration & Production , Acquisitions & Divestitures , Shale Plays

Prairie Operating Acquires More D-J Basin Assets for $94.5MM

Houston-based Prairie Operating Co. is scaling its D-J Basin footprint with a $94.5 million acquisition of Nickel Road Operating LLC.

January 15, 2024

Shale Plays , Private Equity , Acquisitions & Divestitures

PE-backed Ellipsis Acquires Interests in Permian, Other US Basins

Ellipsis U.S. Onshore, backed by private equity firm Westlawn Group, bolted on more assets in the Permian Basin and expanded its reach into Colorado and Louisiana.

January 3, 2024

Shale Plays , Mergers , Exploration & Production

Shale Outlook: Scarce Inventory to Drive Upstream M&A in ‘24

Permian Basin well productivity has trended down. Top-tier drilling locations are scarce. Capital is at a premium. E&Ps need low-cost inventory and scale, and they’re willing to pay big bucks to get them.

December 26, 2023

Trends

Big Oil Enters 2024 Strengthened by Shale M&A

Following M&A in 2023, four companies are now positioned to control about 58% of future production in the Permian Basin.

December 26, 2023

Acquisitions & Divestitures , Shale Plays

Analysts: Will Occidental Sell in GoM, Rockies After $12B Permian Deal?

As Occidental spends $12 billion to add scale in the Midland Basin, analysts wonder if the E&P will divest assets in the Gulf of Mexico, the Rockies or other parts of its portfolio.

December 18, 2023

Business , Shale Plays

Chevron Plans $6.5 Billion US Shale Capex, Permian Growth in ‘24

California major Chevron Corp. is setting aside $6.5 billion to develop its U.S. shale portfolio next year, with the bulk of the spend allocated in the Permian Basin.

December 8, 2023

Earnings , Acquisitions & Divestitures , International

Chevron CEO: Upstream Returns to be ‘Structurally Higher’ than Downstream

Chevron’s $53 billion acquisition of Hess Corp. will concentrate the California major even further in upstream oil and gas production—the part of its portfolio where Chevron sees the most future upside.

November 1, 2023