Texas/La Gulf Coast

Acquisitions & Divestitures , Business , Shale Plays

Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?

The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.

May 17, 2024

Acquisitions & Divestitures , Exploration & Production , Super DUG

Diamondback’s Van’t Hof Plays Coy on Potential Delaware Divestiture

Diamondback Energy’s President and CFO Kaes Van't Hof also addressed new Permian exploration and the lack of “fun” dealing with the FTC on its deal to buy Endeavor Energy Resources.

May 16, 2024

Acquisitions & Divestitures

Crescent Energy to Buy Eagle Ford’s SilverBow for $2.1 Billion

Crescent Energy’s acquisition of SilverBow Resources will create the second largest Eagle Ford Shale E&P with production of about 250,000 boe/d, the companies said.

May 16, 2024

Exploration & Production , Shale Plays

ConocoPhillips: Permian Basin a ‘Growth Engine’ for Lower 48

ConocoPhillips views the Permian Basin as a “growth engine” within its Lower 48 portfolio, the company’s Midland Basin Vice President Nick McKenna said during Hart Energy’s SUPER DUG event in Fort Worth.

May 15, 2024

International , Natural Gas , Crude Oil

BP CEO: Final Permian Processing Facility to Come Online by Mid-year

BPX Energy, BP’s Houston-based subsidiary, plans to bring on its fourth and last Permian Basin processing facility in mid-year 2025, CEO Murray Auchincloss said.

May 14, 2024

CCS/CCUS , Service & Supply , Joint Ventures

Worley to Design CCS Facilities for Bayou Bend JV

Bayou Bend is a carbon capture and sequestration joint venture between Chevron, TotalEnergies and Equinor located along the Gulf Coast in Texas.

May 13, 2024

Acquisitions & Divestitures , Lease Sales , Crude Oil

Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field

Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.

May 9, 2024

Pipelines , Storage , Earnings

‘Oversupplied’ NatGas Market Aiding Williams’ Storage Business

Midstream company Williams saw overall demand growth as heavy gas volumes passed through its network.

May 8, 2024

IPO , Shale Plays , Exploration & Production

U.S. Shale-catters to IPO Australian Shale Explorer on NYSE

Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.

May 4, 2024

Acquisitions & Divestitures , Field Development , Shale Plays

Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals

Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.

May 3, 2024