The Latest

Dara Energy Acquires Assets in Three States from Vinland

Dara Energy closed an acquisition of low decline oil and gas assets in Kentucky, Tennesee and Texas from Vinland Energy.

Utility, Clean Energy Company Allete to Go Private in $6.2B Deal

The Minnesota-based utility said on May 6 it agreed to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners.

IOG Resources Acquires Interests from Civitas

IOG Resources acquired interests in the Denver-Julesburg Basin from Civitas Resources.

Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals

Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.

Infrastructure Company Savage Acquires Houston’s Texon

Texon, a midstream service provider, will continue operations under its legacy brand.

Antero Midstream Buys Summit Midstream Assets in $70M Deal

The deal by Antero Midstream strengthens Antero Resources’ gathering and compression in Marcellus Shale.

Occidental Explores Sale of Permian Assets Worth Over $1B, Sources Say

Occidental Petroleum is exploring a sale of assets in the Barilla Draw region of Texas, which is located within the Delaware portion of the Permian Basin.

Exxon Closes $60B Pioneer Deal, Reshaping Permian Basin

After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field.

Phillips 66 Weighs Divestments, Targets Renewable Fuel Increase

Phillips 66 looks to boost renewable fuels production by 67% through the end of the second quarter 2024 at its Rodeo complex in San Francisco while weighing a potential divestiture of its retail marketing businesses in Austria and Germany.

Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities

With the acquisition of ROVOP, Chouest will have a fleet of more than 100 ROVs.