Texas/La Gulf Coast

SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal

SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.

July 18, 2024

New Wells Underway: Private E&Ps Pulled 40% of US Permits in May

Private E&Ps are keeping pace with public operators in taking permits for new-drill horizontals across the Lower 48, according to a research report.

July 17, 2024

EOG Resources Wildcatting Pearsall in Western Eagle Ford Stepout

EOG Resources spud the well June 25 in Burns Ranch with rights to the Pearsall well about 4,000 ft below the Eagle Ford, according to myriad sources.

July 17, 2024

Beyond the Horizon: Exploring the Permian’s Longest Laterals

Horizontally drilled lateral wells are all the rage in the Permian Basin. Let’s take a look at the 10 longest wells drilled in the Basin.

July 16, 2024

Permian Gets Gas Relief as ADCC Pipeline Begins Commercial Service

The ADCC Pipeline will source volumes from the Permian Basin, Eagle Ford Shale and Texas Gulf Coast for transport to Cheniere’s Corpus Christi LNG facility.

July 12, 2024

APA Closes Midland Basin, Eagle Ford Divestitures for $660 Million

APA Corp. and subsidiary Apache sold non-core assets in the Permian Basin and Eagle Ford Shale sooner than expected, and for less, as the company looks to reduce debt from its Callon Petroleum deal earlier this year.

July 11, 2024

M&A Values: Permian Still No. 1 as U.S. Average Falls Sharply

Gas-weighted assets’ M&A values have declined with gas futures since 2022, according to J.P. Morgan Securities analysis.

July 10, 2024

Diversified to Buy East Texas NatGas Assets from Crescent Pass

Diversified Energy’s $106 million deal with Crescent Pass Energy comes during a prolonged dip in natural gas prices that some analysts expect to rebound as demand ramps up for LNG exports and power demand.

July 10, 2024

BPX Expands Its US Shale Game

BPX CEO Kyle Koontz delves into development plans in the Permian, Eagle Ford and Haynesville.

July 10, 2024

The OGInterview: BPX E-fracs Push ‘Values Up, Emissions Down,’ CEO Says

BPX Energy CEO Kyle Koontz discusses the company’s role as the “nimble entrepreneurial” arm of supermajor BP in the Permian Basin and Haynesville and Eagle Ford shales.

July 2, 2024