Rebranded Vital focuses on proven strategy of buying up smaller private producers under the radar.
Vital Energy’s rapid growth in the Permian Basin stems from CEO Jason Pigott’s strategy of acquiring smaller private producers—one after the other.
“Distinctly different,” Chesapeake Energy’s Marcellus and Haynesville shales have nevertheless fit together as complementary pieces of the E&P gas-focused holdings.
More than $100 billion in investments have poured into Ohio’s oil and gas sector in the past decade.
Results from Falcon Oil & Gas’ SS1H well will support the sanctioning of the JV’s proposed 40 MMcf/d pilot project at Shenandoah South.
As the core of the Permian Basin gets drilled up, E&Ps see years of upside from fringier acreage and unproven targets deeper underground. But these targets will be more expensive to develop, experts say.
E&P Permian Resources will shift to smaller-scale deals to add value as opportunities to consolidate in the Midland and Delaware basins shrink.
Non-op specialist Northern Oil & Gas is entering the Ohio Utica Shale and expanding its position in the northern Delaware Basin with approximately $174 million in M&A.
Jay Graham, chairman and CEO of Spur Energy, details the E&Ps' drilling and oil-rich production in the Northwest Shelf — and the challenges of transporting sour gas that's "almost worth nothing."
Tellurian Inc., which recently issued a “going concern” warning in its third-quarter SEC filing, wants to raise about $125 million in 2024 for drilling, according to Executive Chairman Charif Souki.