The Latest

Largest US Propane Distributor AmeriGas Sells Hawaiian Storage Asset

UGI Corp.’s AmeriGas said it will use the cash from its sale of a 750,000-gallon propane storage facility in Hawaii to service debt.

Eon Resources Acquires Controlling Interest in Permian Field

An Eon Resources Inc. subsidiary—Eon Energy LLC—is acquiring a 94% interest in the Permian Basin’s South Justis Field in Lea County, New Mexico, in exchange for 1 million Class A common shares.

Rockies Focused Prairie Pursuing M&A Post Bayswater Bolt-On

Prairie Operating CFO Greg Patton describes the company's shift into the E&P space and its potential M&A plans following Prairie's $600-million D-J acquisition from Bayswater Exploration and Production.

Ormat Closes Acquisition of Blue Mountain Geothermal Power Plant for $88MM

Located in Nevada, the 20-megawatt geothermal plant will increase Ormat Technologies’ electricity segment generating portfolio to nearly 1.3 gigawatts.

Plains All American Sells Canadian NGL Assets to Keyera for $3.75B

Plains All American is selling its NGL assets in Canada to Keyera to focus on its crude pipeline network.

Chevron Enters US Lithium Sector with Smackover Acreage Deals

One leasehold position in the Smackover Formation was acquired from TerraVolta Resources, while the other was acquired from East Texas Natural Resources, Chevron says.

M&A Experts: Expect Brisk Return to Deal Flow in Second Half

Private equity firms are loaded for “pent-up” portfolio rationalization after rampant industry consolidation, particularly in the Permian—but the timing is anyone’s guess.

E&P Highlights: June 16, 2025

Here’s a roundup of the latest E&P headlines, including the third major transaction this month for Baker Hughes and an explorer award for Exxon Mobil.

Permian Resources Closes $608MM Bolt-On of APA’s Delaware Assets

Permian Resources’ acquisition of New Mexico assets from APA Corp. includes 13,320 net acres and average production of 12,400 boe/d.

Baker Hughes Buys Continental Disc for $540MM

Baker Hughes announced its third transaction this month—this time to acquire pressure management solutions provider Continental Disc Corp. for $540 million—as the company seeks to optimize its portfolio.