The Latest

Chord Closes $4B Enerplus Acquisition for Williston Basin Scale

The Enerplus transaction gives Chord Energy another decade of drilling runway in the Bakken Shale play—the nation’s second-largest oil field.

Schumer Asks DOJ to Investigate FTC Claim Oil Exec Colluded with OPEC

Earlier in May, the Federal Trade Commission gave the go-ahead to Exxon Mobil's $60 billion purchase of Pioneer Natural Resources, but barred former Pioneer CEO Scott Sheffield from Exxon's board on allegations he attempted to collude with OPEC to raise oil prices.

Multi-basin Mayhem: Conoco, Marathon Tout Eagle Ford, Bakken Runway

ConocoPhillips and Marathon Oil—which both trace their roots to the breakup of John D. Rockefeller’s Standard Oil Trust more than a century ago—are combining in a $22.5 billion deal.

Expanding Gas Processing Capacity May Increase Permian Crude

The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.

Paisie: Oil Prices to Range Between $86-$88 in Second Half of 2024

Supply and demand dynamics overtake geopolitical instability from the Middle East to Ukraine in influencing oil prices.

OPEC+ Working on Complex Oil Cut Extension Deal for 2024-2025, Sources Say

The OPEC+ deal might include extending some or all of the current voluntary production cuts of 2.2 MMbbl/d.

Calmer Waters May Be Ahead for Oil and Gas, Despite Wild Cards

Looking forward, while supply disruptions remain a possibility, the energy market’s nervousness is easing.

Aethon to Acquire Tellurian Haynesville Shale Assets for $260MM

Aethon Energy is acquiring Tellurian Inc.'s Haynesville Shale assets in a $260 million deal, allowing Aethon to continue growing as the basin's top private producer and for financially struggling Tellurian to prioritize its flagship Driftwood LNG project.

Exclusive: Devon Energy Weighing More ‘Unmatched’ Delaware Inventory

Devon Energy’s John Raines delves into capital allocation trends in the Delaware Basin and why the region is attractive to Devon’s operations, in this Hart Energy Exclusive interview.

Mexico’s Demand for Permian Pipe-gas Likely Here to Stay

Permian gas producers exporting piped gas to Mexico can rest assured that demand south of the border will remain robust even under a new Mexican president, Wood Mackenzie says.