The OGInterview: As Pioneer's Run Ends, New CEO Dealy's Work Goes On

In this month's OGInterview, Pioneer Natural Resources CEO Rich Dealy discusses stepping into his role leading the Permian Basin pure-play as it integrates operations with Exxon Mobil in a $60 billion merger.

Alternus Clean Energy Emerges from $575MM Blank Check Acquisition

Law firm Winston & Strawn said Alternus Energy Group combined with a special purpose acquisition company to create a new company, Alternus Clean Energy, in a $575 million transaction.

Shale Outlook: The World Calls on US LNG. Can the Haynesville Answer?

Booming production and proximity to Gulf Coast export terminals weigh in the play’s favor.

Shale Outlook: Scarce Inventory to Drive Upstream M&A in ‘24

Permian Basin well productivity has trended down. Top-tier drilling locations are scarce. Capital is at a premium. E&Ps need low-cost inventory and scale, and they’re willing to pay big bucks to get them.

Letter From the Editor: Cause for Consolidation

Shareholder demands for capital discipline and market resistance to its allure are forcing U.S. oil and gas companies to find an alternative growth strategy: consolidation.

Kodiak Gas Services, CSI Compressco Combine in $854MM Merger

Kodiak Gas Services and CSI Compressco said they will have the largest contract compression fleet in the industry, with more than half of its horsepower serving the Permian Basin.

Consolidation Seen as Only Major Change on E&P Finance Radar for 2024

Industry experts expect E&Ps to stick with tried and true capital discipline with lighter hedging and more credit financing.

Feds Dig Deeper into Chevron-Hess Merger Amid Oil, Gas M&A

Megadeals between Chevron and Hess and Exxon and Pioneer Natural Resources are under intensified scrutiny but the oil and gas firms say they will cooperate in the U.S. Federal Trade Commission’s “second request” for information.

Australia's Woodside, Santos in Talks for $53B Oil-gas Merger

If Australian energy companies Woodside and Santos merge, they would have a 26% share of Australia's east coast gas market.

SMID Balance Sheets Built to Lure Consolidation, Lenders

Small and mid-caps’ strong balance sheets look attractive to credit investors and can provide equity that sweetens M&A.