Midcontinent
Crude Oil , Natural Gas
EIA: Oil, Gas Output to Fall Across Lower 48 in February
Daily oil and gas output is forecasted to decline from shale basins across the Lower 48 in February—except from the mighty Permian Basin, according to new Energy Information Administration figures.
Acquisitions & Divestitures , Shale Plays
Evolution Petroleum Acquires SCOOP/STACK Interests
Evolution Petroleum entered agreements with three companies to purchase non-op interests in Oklahoma’s SCOOP and STACK plays for $43.5 million, equaling its largest transaction so far.
Acquisitions & Divestitures
Mach Natural Resources Closes $815MM Anadarko Basin Bolt-on
Mach Natural Resources closed a previously announced deal with EnCap-backed Paloma Partners IV to acquire approximately 62,000 net acres in Oklahoma.
Acquisitions & Divestitures
Unit Corp. Divests Texas Panhandle Assets for $50 Million
Oklahoma-based Unit Corp. sold non-core oil and gas assets in the Texas Panhandle for cash proceeds of $50 million.
Energy Storage
The Great Lithium Rush: Oil and Gas Companies Turn Prospectors
Traditional oil, gas and wastewater players join chemical manufacturers and North American lithium pure-play companies to lift production of the critical material.
Acquisitions & Divestitures , IPO , Shale Plays
Mach Natural Resources Inks $815MM Anadarko Deal Fresh Off IPO
Just weeks after going public on the New York Stock Exchange, Mach Natural Resources is growing its position in Oklahoma with an $815 million acquisition from Paloma Partners IV LLC.
IPO , Master Limited Partnerships , Exploration & Production
MLP Mach Resources’ IPO Gets Off to Solid Start
Led by Chesapeake Energy co-Founder Tom Ward, Anadarko Basin E&P Mach Resources is the second public offering by an MLP this year.
Acquisitions & Divestitures
A&D Minute: California Heats Up [WATCH]
In this week's A&D Minute, California heats up in a bid to keep up with the Permian's slate of red hot deals.
Lease Sales
Marketed: White Rock Lower 48 Opportunity
White Rock Oil & Gas LLC retained TenOaks Energy Advisors for the sale of a majority operated working interest portfolio located across five regions of the lower 48—the Permian Basin, Ark-La-Tex, Rockies, Mid-Continent and Michigan.
Shale Plays
Analysts: Top-Tier Drilling Inventory Shrinking as Well Costs Rise
The cost of supply for North American shale producers is expected to continue rising, according to a recent analysis by Enverus Intelligence Research.