Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power

The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.

February 2, 2025

ONEOK Completes EnLink Midstream Takeover for $4.3B

ONEOK had agreed to acquire the remaining stake in EnLink in November 2024 for $4.3 billion after having acquired the controlling interest a month prior.

February 2, 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

Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO

Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.

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

Hibernia IV Joins Dawson Dean Wildcatting Alongside EOG, SM, Birch

Hibernia IV is among a handful of wildcatters—including EOG Resources, SM Energy and Birch Resources—exploring the Dean sandstone near the Dawson-Martin county line, state records show.

January 30, 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

Hirs: Investing for 2025—Growth by Acquisition

Fundamentals will push against increased production and a buyers’ market will rule.

January 29, 2025

Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work

U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.

January 29, 2025

Haslam Family Office: ‘We Need Hydrocarbons’

The managing director of HF Capital—the office for Tennessee's Haslam family—says that as long as oil, gas and other energy sources are lacking capital, there’s an investment opportunity.

January 28, 2025