Post-Earthstone Deal, Permian Resources Switches Up M&A Strategy

E&P Permian Resources will shift to smaller-scale deals to add value as opportunities to consolidate in the Midland and Delaware basins shrink.

Tailwater: Midstream Whittles Down Debt, but M&A Likely Brewing

So far this year, Midstream companies have eschewed spending cash flow on capex or M&A, but that’s likely to change as Permian players expanded out of core areas, a Tailwater Capital partner Stephen Lipscomb said.

TechnipFMC Sells Terminal Management, Metering Business for $205MM

TechnipFMC will sell its Measurement Solutions business to One Equity Partners to focus on core products, the company said.

NOG Enters Ohio Utica Shale, Adds Permian with $174MM in M&A

Non-op specialist Northern Oil & Gas is entering the Ohio Utica Shale and expanding its position in the northern Delaware Basin with approximately $174 million in M&A.

Suncor Completes Acquisition of TotalEnergies EP Canada

Suncor Energy’s acquisition of TotalEnergies’ remaining upstream Canadian assets makes Suncor the sole owner of the Alberta Fort Hills Project.

OEG Acquiring Bluestream Offshore

Bluestream will retain its brand and become a subsidiary of OEG renewables.

Bankers to E&Ps: Get Serious About Acquisitions or ‘Disappear’

Beyond large public companies, returns to investors are becoming a pillar of the E&P business model—from small-caps to private companies—while consolidation increasingly becomes a focus for shale players.

M&A: Permian Buyers, Sellers Find ‘Goldilocks’ Zone in 2023

Permian Basin M&A has taken off in 2023 largely because buyers and sellers are in a ‘Godilocks’ zone in which prices are just right, executives at RBC Capital Markets and Jefferies said.

CapturePoint Secures Haynesville CO2 Dedication from Southwestern Energy

Southwestern will deliver CO2 through its midstream provider, Energy Transfer, to CapturePoint’s carbon storage hub in Louisiana.

The Permian’s Next M&A Hotspot May be the Delaware [WATCH]

After nine months of Permian Basin M&A ranging from private buyouts to major mergers, Wood Mackenzie’s Ryan Duman discusses what’s next for dealmakers in the basin.