Onshore
Baytex Energy Joins Eagle Ford Shale’s Refrac Rally
Canadian operator Baytex Energy joins a growing number of E&Ps touting refrac projects in the Eagle Ford Shale.
Oxy Near $1B Deal to Sell Barilla Draw to Permian Resources— Sources
Occidental Petroleum and Permian Resources are in the process of finalizing the Permian Basin deal, which could be announced in the coming weeks if the talks don't fall apart, sources told Reuters.
Cash, Stock or Both? SilverBow Shareholders Choose Merger Consideration
Crescent Energy and SilverBow Resources, which are merging in a $2.1 billion deal, said that approximately $358.09 million in cash will be paid to holders of SilverBow common stock as part of the merger consideration.
Investing ‘Generationally’: The Family Office View of Oil and Gas
Key family offices, whose wealth developed from other industries, are filling in oil and gas investment gaps left by the flight of endowment and institutional capital from the space.
Crackin’ It at Kraken: Inside the Bakken’s Ramped-up Private E&P
Kayne Anderson-backed Kraken Resources is producing more than 80,000 boe/d today and has a new Fitch Ratings credit score to take to the M&A bank.
EQT Marketing Rest of Marcellus Non-op Assets After Equitrans Close
EQT Corp. is marketing the remaining 60% interest in its non-operated Northern Marcellus assets as the Appalachia gas giant works to reduce debt following its $5.45 billion acquisition of Equitrans Midstream.
Permian Basin Coalition Highlights Philanthropic Investments
Since 2019, the Permian Strategic Partnership has doubled its membership and used philanthropic investments to generate more than $1.5 billion in community support and collaborative investment.
EQT Closes $5.45B Acquisition of Equitrans Midstream
In addition to integrating Equistrans’ midstream assets, EQT will focus on reducing the infrastructure company’s debt of between $7.6 billion and $8 billion. Including equity and debt, the deal is valued at roughly $13 billion.
Ecopetrol in Discussions with Oxy to Buy $3.6B Stake in CrownRock
Occidental Petroleum is in talks with joint venture partner Ecopetrol SA to acquire a 30% stake in CrownRock LP for approximately $3.6 billion, according to regulatory filings.
US’ Largest Co-located Solar, BESS Project In Service
The Gemini solar and storage project includes 1.8 million solar panels that can generate up to 690 megawatts, powering approximately 10% of Nevada’s peak power demand.