Texas/La Gulf Coast

Aethon, Murphy Refinance Debt as Fed Slashes Interest Rates

The E&Ps expect to issue new notes toward redeeming a combined $1.6 billion of existing debt, while the debt-pricing guide—the Fed funds rate—was cut on Sept. 18 from 5.5% to 5%.

September 20, 2024

Western Haynesville Wildcats’ Output Up as Comstock Loosens Chokes

Comstock Resources reported this summer that it is gaining a better understanding of the formations’ pressure regime and how best to produce its “Waynesville” wells.

September 19, 2024

Vitol CEO: US Shale Gas Growing Source of Shipping, Trucking Fuel

International commodities trading house Vitol sees growing demand for U.S. shale gas to spur LNG exports to China, India and emerging economies in Asia.

September 18, 2024

August Well Permits Rebound in August, led by the Permian Basin

Analysis by Evercore ISI shows approved well permits in the Permian Basin, Marcellus and Eagle Ford shales and the Bakken were up month-over-month and compared to 2023.

September 18, 2024

Woodside to Maintain at Least 50% Interest in Driftwood LNG

Australia’s Woodside Energy plans to maintain at least a 50% interest in the 27.6 mtpa Driftwood LNG project that it's buying from Tellurian, CEO Meg O’Neill said during a media briefing at Gastech in Houston.

September 18, 2024

PakEnergy Plows Ahead with New SCADA Solution

After acquiring Plow Technologies, home of the OnPing SCADA platform, PakEnergy looks to enhance its remote monitoring solutions.

September 17, 2024

Post Oak-backed Quantent Closes Haynesville Deal in North Louisiana

Quantent Energy Partners’ initial Haynesville Shale acquisition comes as Post Oak Energy Capital closes an equity commitment for the E&P.

September 9, 2024

Non-op Rising: NOG’s O’Grady, Dirlam See Momentum in Co-purchase M&A

Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam.

September 5, 2024

Crescent Energy Bolts On Oil-weighted Eagle Ford Acreage

The deal, Crescent said, builds on the company’s Eagle Ford M&A in the past 18 months, including its recent $2.1 billion acquisition of SilverBow Resources.

September 4, 2024

Private Producers Find Dry Powder to Reload

An E&P consolidation trend took out many of the biggest private producers inside of two years, but banks, private equity and other lenders are ready to fund a new crop of self-starters in oil and gas.  

September 4, 2024