In the Lower 48 Big 3—Eagle Ford, Bakken and Permian Basin—ConocoPhillips plans to grow production by about 19% this year.
Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.
Panther Energy retained Detring Energy Advisors to sell oil and gas leasehold assets located in Vernon and Beauregard Parishes of the Western Louisiana Austin Chalk trend.
Oil and gas producers are increasingly under siege by investors—activists and otherwise, most recently targeting Denbury Resources’ purchase of Penn Virginia.
U.S. shale firms are more profitable than ever after a strong third quarter and the change is evidence shale firms have moved to "harvest mode" and turned toward deal making.
Analysts predict the massive deals week comprised of three separate transactions by Chesapeake Energy, Encana and Denbury is just the “tip of the M&A iceberg that will emerge in 2019.”
Texegy retained Houlihan Lokey to sell oil and gas mineral and royalty interests located in Vernon and Sabine parishes in the core of the Louisiana Austin Chalk trend.
SandPoint is a San Antonio, Texas-based independent oil and gas company with a management team that has a deep history in the acquisition and development of South Texas assets.
Aspen Midstream LLC said Oct. 11 that the company is constructing a large diameter residue pipeline and both a lean and a rich gas gathering system in the Austin Chalk play in Texas.