Permian
Gathering & Processing , Pipelines , Acquisitions & Divestitures
Energy Transfer to Buy Permian Midstream Player WTG for $3.25B
Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.
Acquisitions & Divestitures , Policy & Regulations , Mergers
From Comedy Central to Exxon Mobil-Pioneer Deal, a New FTC Emerges
The Exxon Mobil and Pioneer Natural Resources deal closed quickly and without divestment conditions, an antitrust attorney said — except for the sole condition that barred Pioneer’s founding CEO from Exxon’s board.
Restructurings , Acquisitions & Divestitures , Crude Oil
Earthstone’s Anderson Relaunches, Seeks Conventional
The new E&P PetroPeak Energy will also take a look at unconventional property in the Eagle Ford and Austin Chalk.
Acquisitions & Divestitures , Natural Gas , Crude Oil , Super DUG , Pipelines
Sell High, Invest Low: Kinetik CEO on Creating Value with Durango Deal
Kinetik CEO Jamie Welch walks through the company's process for acquiring Durango Permian, including selling its 16% stake in the Gulf Coast Express pipeline, and shares his takeaways on challenges in the Permian today, in this Hart Energy Exclusive interview.
Acquisitions & Divestitures , Shale Plays , Crude Oil
CEO: FireBird II Prowls Western Midland Basin for M&A, Deep Exploration
After selling the first FireBird Energy to Diamondback for $1.6 billion, the FireBird II team is adding leases and scaling oil production in the western Midland Basin, CEO Travis Thompson said at Hart Energy’s SUPER DUG Conference & Expo.
Acquisitions & Divestitures , Shale Plays , Crude Oil , Super DUG , Hart Energy Exclusive
CEO: FireBird Energy Constantly Scouring the Midland Basin for Deals
Travis Thompson, CEO of FireBird Energy II, said the company has made about 13 acquisitions since its inception in April 2023 and currently has two rigs running.
Natural Gas , Pipelines , Midstream , Field Development
Future Permian Gas Pipeline May Have a Difficult Route to Follow
Kinetik Midstream’s CEO Jamie Welch sees more expensive and longer pipeline paths causing complications for midstream companies.
Midstream
Piñon Midstream Increases Delaware Basin Sour Gas Treating Capacity
Piñon Midstream plans to expand operations at Lea County, New Mexico, facility, the company said.
Infrastructure , Renewables , Energy Transition , Super DUG
Texas' ERCOT Power Needs to Nearly Double Over Next Six Years
As coal plants retire in Texas, natural gas will carry more of the Lone Star State’s energy load, said Kristi Hobbs, ERCOT’s vice president for system planning and weatherization.
Lease Sales , Exploration & Production
Marketed: Mineral, Royalty Interests in Permian, Powder River Basins
A private seller has retained Detring Energy Advisors for the sale of its mineral and royalty interests in the Permian and Powder River basins.