Chord Juggles Closing $4B Enerplus Deal, Plans to Drill 4-mile Laterals

Chord Energy expects to close its Enerplus acquisition by the end of May but, for now, is focused on three-mile and, eventually, four-mile laterals in the Williston Basin.

Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field

Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.

Tetra Tech Acquires Convergence Controls & Engineering

Tetra Tech is acquiring Convergence Controls & Engineering to expand its digital water and energy offerings.

Kinetik Launches Delaware Basin M&A Valued at $1.3B

Kinetik Holdings will buy Durango Permian infrastructure for $765 million, excluding contingency payments, and sell its interests in the Gulf Coast Express pipeline to AcrLight Capital Partners for $540 million.

Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space

Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.

Riley Exploration Permian Closes Delaware Basin Bolt-on

Riley Exploration Permian said it added 13,900 acres and up to 25 net locations in Eddy County, New Mexico.

Equinor Acquires Stake in Standard Lithium Smackover Projects

Equinor’s transaction, completed effective May 7, includes interests in Standard Lithium’s flagship South West Arkansas Project and East Texas properties.

Vår Selling Norne Assets to DNO

In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.

Evolution Petroleum Sees Production Uplift from SCOOP/STACK Deals

Evolution Petroleum said the company added 300 gross undeveloped locations and more than a dozen DUCs.

Permian Resources Adds More Delaware Basin Acreage

Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.