U.S. Onshore
News
January 08, 2024
Most of shale’s private operators in the Permian basin are planning modest growth this year as one of the main engines of U.S. oil expansion downshifts amid volatile commodity prices.
News
January 06, 2024
The acquisition would make Chesapeake’s gas production larger than its biggest rival, EQT Corp., and expand its holdings in two key gas drilling regions: the Marcellus basin in Appalachia and the Haynesville basin in Louisiana and East Texas.
News
January 05, 2024
Rockcliff is a premier upstream natural gas company focused on developing the East Texas Haynesville shale. With field headquarters in Longview, Texas, the company has a footprint in five Texas counties, operating more than 200,000 net acres with more than 1.3 Bcfd of gross operated natural gas production.
News
January 04, 2024
Callon’s assets provide additional scale to APA’s operations across the Permian basin, most notably in the Delaware basin, where Callon has nearly 120,000 acres. On a pro forma basis, total company production exceeds 500,000 boed and enterprise value increases to more than $21 billion.
News
January 03, 2024
The deal, which was announced Oct. 2023, adds over 40,000 new-acres in the Permian’s Midland basin, production levels of approximately 62 MMboed, of which 50% is oil, and roughly 400 development locations in the Spraberry and Wolfcamp formations.
News
December 31, 2023
Mach Natural Resources LP has closed the acquisition of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC.
News
December 31, 2023
The purchase will increase Vital Energy’s working interest in 45 wells by an average of 24%, increasing the company’s estimated 2024 production by approximately 1,400 boed (57% oil).
News
December 28, 2023
Ellipsis acquired non-operated oil and gas assets with current production of more than 6,000 boed (2-stream) and significant operational upside associated with approximately 550 gross remaining locations.
News
December 23, 2023
According to the Bureau of Land Management, the Willow project is expected to deliver $8 billion to $17 billion in new revenue for the federal government, the state of Alaska and Alaska Native communities.
News
December 22, 2023
The company’s four-part project strategy is evolving to accelerate the significant commercial opportunity offered by Project III, focused on the multi-Tcf undeveloped gas resource within the Lower Eocene and Upper Cretaceous reservoirs of Blocks XIB and XIF.
News
December 19, 2023
Private oil and natural gas operators are projected to cut their budgets by 4% to an average of $34.4 billion in 2024, according to the 39th annual global spending survey from Barclays PLC.
News
December 18, 2023
Avi Mirman, Executive Chairman of the Board of Fury commented, “With the benefit of a newly revived balance sheet, we believe we can leverage our deep knowledge of the basin and combined operational excellence to fully unlock the asset's potential.”
News
December 18, 2023
Operators are squeezing crude out of new wells more efficiently because of innovations in everything from electric-pump technology to new strategies for deploying workers while fracking wells to minimize downtime.
News
December 16, 2023
Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale gas operations.
News
December 15, 2023
Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry.
News
December 12, 2023
Future development is underpinned by some of North America’s top operators, with the combined ExxonMobil and Pioneer Natural Resources expected to move into Freehold’s top five payors and represent greater than 25% of future gross locations within the company’s U.S inventory. Additional payors include other large well capitalized producers such as Marathon Oil, Endeavor Energy Resources LP and Diamondback Energy.
News
December 12, 2023
Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock LP equates to more $50,000 per acre for rights to drill some of the richest oil deposits in the hemisphere, according to data-analysis and research firm Enverus Inc.
News
December 11, 2023
Occidental Petroleum Corp. has agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $12.0 billion, including the assumption of $1.2 billion in debt, as consolidation heats up in North America’s most-prolific oil basin.
News
December 08, 2023
Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according to Reuters.
News
December 07, 2023
The total includes 588 to drill new oil or gas wells, 5 to re-enter plugged wellbores and 37 for re-completions of existing wellbores.
News
December 07, 2023
Chevron Corp. followed competitor Exxon Mobil Corp. in raising planned capital spending as the biggest U.S. oil operators seek to increase long-term crude production.
