The Latest

Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle

As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.

Post Oak Capital Backs Permian Team, Invests in Haynesville

Frost Cochran, managing partner at Post Oak Energy Capital, said the private equity firm will continue to focus on the Permian Basin while making opportunistic deals as it recently did in the Haynesville Shale.

ONEOK’s EnLink/Medallion Deal is Market-wise, Financially Astute

In addition to bolstering its multi-basin network, ONEOK pulled off a $5.9 billion transaction while leaving its credit rating intact.

‘Worried’ E&Ps Keep Merging as Shale Ages, Costs Rise—Kimmeridge

With just half as many public E&Ps around today as there were in 2017, Kimmeridge and Managing Partner Ben Dell think the E&P space still has—and needs—plenty more M&A.

Babcock & Wilcox Sell Italian, Swedish Businesses

Babcock & Wilcox Enterprises will focus on core business lines, including coal-to-natural gas conversions in the U.S., the company said.

Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely

Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.

Exxon Adds 270,000 Acres for Largest Carbon Storage Site in the US

Exxon Mobil has leased acreage on the Gulf Coast from the Texas General Land Office for carbon capture and storage.

APA Curtails Natgas, NGL Output Amid Low Waha Prices

Apache parent APA Corp. curtailed more natural gas and NGL output than previously anticipated as it realized just $0.15/Mcf in the U.S.

After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory

After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.

Howard: The Implications of ONEOK's M&A Binge

ONEOK’s M&A binge has propelled it to near the top of the sector. With so much midstream consolidation, what are its implications?