NOG Spends $67MM on Midland Bolt-On, Ground Game M&A

Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.

February 13, 2025

TGS Expands CO2 Storage Assessments Across Gulf Coast, Midwest

TGS is offering information to aid in successful carbon sequestration, including basin-scale stratigraphy, reservoir properties, formation penetration and the associated risks related to pressure and seals.

February 12, 2025

E&Ps’ Subsurface Wizardry Transforming Geothermal, Lithium, Hydrogen

Exploration, drilling and other synergies have brought together the worlds of subsurface oil drilling and renewable energies.

February 12, 2025

Intensity Infrastructure Partners Pitches Open Season for Bakken NatGas Egress

Analysts note the Bakken Shale’s need for more takeaway capacity as Intensity Infrastructure Partners launches an open season for a potential 126-mile natural gas transport line out of the basin.

February 4, 2025

Halliburton-Backed Startup Espiku Nears Water Treatment Pilot

Oregon-based Espiku, in collaboration with Halliburton Labs, aims to help drillers reuse produced water and reduce disposal. The company is scouting potential pilot project sites in the Permian Basin, Bakken and North Texas.

February 4, 2025

E&Ps Pivot from the Pricey Permian

SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.

February 1, 2025

Trump Ambiguous Whether Canadian-Mexico Tariffs to Include Oil

At a news conference, President Trump said that he would exclude oil from tariffs before backtracking to say that he “may or may not” impose duties on crude.

January 31, 2025

Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d

Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.

January 30, 2025

Hess Corp. Bucks E&P Trend, Grows Bakken Production by 7%

Hess Corp. “continues to make the most of its independent status,” delivering earnings driven by higher crude production and lower operating costs, an analyst said.

January 29, 2025

After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals

Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.

January 29, 2025