Laying in Wait: San Juan’s ‘Remarkable’ Mancos Shale Oil Wells

The past decade has been difficult for the San Juan Basin, which suffered from a lack of activity and exits by major operators. But experts say inventory-hungry operators shouldn’t overlook the San Juan’s long-term potential.

SLB and Aker Carbon Capture Close $380MM Joint Venture

SLB and Aker Carbon Capture have closed a deal to combine technology portfolios for carbon capture solutions.

TotalEnergies to Sell Subsidiary for $259MM to Malaysian E&P

TotalEnergies is selling its subsidiary TotalEnergies EP (Brunei) BV, which owns interests and is the operator for a mature field offshore Brunei.

Phillips 66 to Sell Interests in Rockies Express Pipeline to Tallgrass

Phillips 66’s sale to Tallgrass will generate $685 million in proceeds following debt and equity adjustments.

Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A

Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.

Crescent to Offer $750MM in Senior Notes to Settle SilverBow Debt

Crescent Energy intends to use the proceeds to fund the cash portion of its merger with SilverBow Resources and to repay SilverBow’s outstanding debt at the time of the transaction’s closing.

Aramco to Source Shale Feed-gas from NextDecade’s RGLNG Train 4

Aramco looks to offtake LNG from NextDecade Corp.’s Rio Grande LNG Train 4 in Brownville, Texas. A move that will source feed-gas from the Permian and Eagle Ford.

By the Horns: Matador Wrangles Ameredev Deal for Delaware Scale

Matador Resources expects its enterprise value to reach $11.5 billion after acquiring Ameredev II for $1.9 billion in cash—not bad for a brand launched in 1983 with friends-and-family financing.

Exclusive: How Liberty’s ‘Improved’ Operations Transformed the Bakken’s Core

Liberty Resources II’s president and CEO Mark Pearson walks through the sale of its Bakken assets to Silver Hill Energy Partners and highlights a few M&A drivers in the play, in this Hart Energy Exclusive interview.

CPX Energy Grows in the Delaware with Farm-in, Development Agreements

CPX Energy also began spudding a three-well pad in the Wolfcamp Shale.