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Coterra to Acquire Permian Assets from Franklin, Avant for $3.95B
Coterra made its long-awaited move to grow dramatically in the Permian, moving on large portions in New Mexico’s Delaware Basin.
Topaz Completes Acquisition of Canadian Royalty Interests from Tourmaline
Topaz Energy’s deal to acquire royalty interests from Tourmaline Oil spans across approximately 3 million acres in Western Canada, with over half of the acquired land undeveloped.
Diamondback Swaps Delaware Assets, Pays $238MM For TRP’s Midland Assets
After closing a $26 billion acquisition of Endeavor Energy Resources, Diamondback Energy is getting deeper in the Midland Basin through an asset swap with TRP Energy.
SLB to Sell Interests in Canada’s Palliser Block
SLB and Torxen Energy had purchased the Palliser crude oil and natural gas assets from Cenovus Energy Inc. for about $1.04 billion cash.
The Latest
As Upstream M&A Settles, Oilfield Services Gear Up for More Deals
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
BP Seeks Buyers for US NatGas Pipeline System Stake, Sources Say
BP is seeking buyers for a stake in its U.S. natural gas pipeline network, sources say.
Pickering: Will Improving Drilling Efficiencies Outrun Inventory-led M&A?
Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.
Permian EOR Firm Plans Reverse Merger with Coconut Water Brand
Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
Surge Energy Balancing M&A Hunt with Testing Midland’s Shallow Zones
Surge Energy’s Travis Guidry discusses the potential for $1.3 billion in Permian Basin M&A and the company’s quest to grow inventory organically.
Matador Consolidates Midstream Subsidiary, JV in $600MM Deal
Matador is merging its Delaware Basin Pronto Midstream subsidiary with its San Mateo Midstream joint venture with Five Point Energy to showcase assets an analytical firm called "underappreciated."
Shell, Equinor JV to Create UK’s Largest Independent Oil, Gas E&P
The joint venture will produce more than 140,000 boe/d in 2025, Shell said. In the U.K., Equinor currently averages 38,000 boe/d and Shell 100,000 boe/d.
CNX’s $505MM Bolt-On Adds Marcellus, Deep Utica in Pennsylvania
CNX Resources CEO Nick Deluliis said the deal to buy Apex Energy underscores CNX’s confidence in the stacked pay development opportunities unlocked in the deep Utica.
TerraVest’s Green Energy to Acquire Aureus’ Canadian Water Management Services
TerraVest Industries Inc.’s partially-owned subsidiary Green Energy Services is buying Aureus Energy Services Inc.’s water management and hot oiling services in Alberta and British Columbia.
Q&A: How EthosEnergy Keeps the Oil and Gas World Spinning
EthosEnergy CEO Ana Amicarella says power demands and tools are evolving onshore and offshore and for LNG and AI.