Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
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.
Exploration, drilling and other synergies have brought together the worlds of subsurface oil drilling and renewable energies.
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.
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.
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.
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.
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.
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.
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.