Nissa
Darbonne
Oil and Gas Investor
Infinity Eyeing ‘Lower Level’ Utica M&A in the Short Term
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.
On the Market This Week (June 2, 2025)
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 to Acquire 65% of Baker Hughes’ Surface Pressure Control Business
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.
Whitecap, Veren Create Top Canadian E&P Post $10.4B Merger
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.
The Latest
E&P Highlights: July 7, 2025
Here’s a roundup of the latest E&P headlines, including a natural gas discovery offshore by Exxon Mobil.
Texas Companies Announce Merger with US Small-Scale LNG Focus
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 Appoints Former Shell Exec Simon Henry to Board
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.
FTC Frees EnCap, XCL, Verdun to Do Uinta Basin Deals Again
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.
Oilfield Service Firms Keep Merging to Survive
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.
Ithaca Boosts North Sea Stake with $136MM Japex Deal
U.K.-based E&P Ithaca Energy closed an acquisition of North Sea interests from Japan Petroleum Exploration Co. (Japex).
Kinetik, Energy Transfer Locked in $100MM NGL Legal Dispute
Midstream companies Kinetik and Energy Transfer have been battling for three years over NGL production in the Delaware Basin.
Venture Global Signs 20-Year LNG Deal with Petronas for CP2
Malaysia’s Petronas agreed to purchase 1 mtpa of LNG from Calcasieu Pass 2, expanding its partnership with Venture Global.
Riley Permian Closes Silverback Exploration II Deal
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 Announces Tanker Dropdown, Leaseback Agreements
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.