Infinity Natural Resources is focusing its attention on “lower level” M&A in Ohio’s Utica Shale as large-scale deals take shape in the Appalachian Basin, CEO Zack Arnold said at SUPER DUG.
Here is a roundup of oil and gas leaseholds on the market during the week of June 2 in the Austin Chalk formation, Permian Basin, Bakken Shale and offshore Louisiana.
Cactus CEO Scott Bender said the $344.5 million deal with Baker Hughes improves the oilfield equipment company’s access to new markets unaffected by tariffs.
The combined company will operate under the Whitecap Resources name and is selling non-strategic assets in Saskatchewan and Kaybob as Whitecap and Veren integrate.
Here’s a roundup of the latest E&P headlines, including a natural gas discovery offshore by Exxon Mobil.
United Energy Corp. and Power LNG agreed to a merger aimed at developing small-scale liquefaction sites designed for regional demand. The merged company will be named United Energy LNG.
BP named Simon Henry, who was previously the CFO at Shell, as a non-executive director, days after reports of a potential merger with Shell.
EnCap Investments and its portfolio companies no longer need to seek Federal Trade Commission approval to make oil and gas deals in the Uinta Basin—a condition imposed during the Biden administration.
Faced with shrinking customer bases, rising costs and a slowing market, publicly traded oilfield services firms like SLB, DNOW and DXP are leaning into M&A to gain scale, efficiency and tech advantage.
U.K.-based E&P Ithaca Energy closed an acquisition of North Sea interests from Japan Petroleum Exploration Co. (Japex).
Midstream companies Kinetik and Energy Transfer have been battling for three years over NGL production in the Delaware Basin.
Malaysia’s Petronas agreed to purchase 1 mtpa of LNG from Calcasieu Pass 2, expanding its partnership with Venture Global.
Riley Exploration Permian Inc. said on July 2 it closed on its $142 million deal to buy EnCap Investments-backed Silverback Exploration II LLC.
Knot Offshore Partners purchased shuttle tanker Daqing Knutsen from its subsidiary for $95 million, less $70.5 million of outstanding debt and $300,000 of capitalized fees.