Texas/La Gulf Coast

Future Permian Gas Pipeline May Have a Difficult Route to Follow

Kinetik Midstream’s CEO Jamie Welch sees more expensive and longer pipeline paths causing complications for midstream companies.

May 22, 2024

Kimmeridge Exits SilverBow Proxy Fight, Takes Credit for $2.1B Crescent Deal

Kimmeridge will withdraw from a proxy fight with SilverBow Resources in light of a $2.1 billion offer by Crescent Energy for the Eagle Ford Shale E&P.

May 22, 2024

Top US Natural Gas Producer Chesapeake Energy Cuts Jobs

This week's layoffs follow its divestment of its Eagle Ford assets, not the company's pending merger with Southwestern Energy, Chesapeake said.

 

May 21, 2024

WildFire Energy I Buys Apache’s Eagle Ford, Austin Chalk Assets

Private producer WildFire Energy I, backed by Warburg Pincus and Kayne Anderson, scooped up Apache’s portfolio in the eastern Eagle Ford and Austin Chalk plays.

May 21, 2024

APA Corp. Sells $700MM in Non-core Permian, Eagle Ford Assets

APA Corp. and subsidiary Apache are selling more than $700 million in non-core assets in the Permian Basin and Eagle Ford Shale—part of a plan to reduce debt after a $4.5 billion acquisition of Callon Petroleum.

May 20, 2024

ADNOC Buys 11.7% Stake in NextDecade’s Rio Grande LNG Project

The United Arab Emirates’ ADNOC will acquire a 11.7% equity stake in Phase 1 of NextDecade Corp.’s Rio Grande LNG (RGLNG) project from Global Infrastructure Partners (GIP), while also entering an offtake agreement for 1.9 mtpa from the Texas export facility.

May 20, 2024

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

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

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

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