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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.