The ConocoPhillips-Marathon Oil deal is valued at $22.5 billion when including $5.4 billion of debt and adds complementary acreage to ConocoPhillips’ Lower 48 portfolio with more than 2 Bbbl of resource.
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.
Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.
Martin Resource Management created Martin Midstream through an IPO in 2002.
The new E&P PetroPeak Energy will also take a look at unconventional property in the Eagle Ford and Austin Chalk.
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.
Crescent Energy, which is in the process of buying SilverBow Resources, said ratings agencies Moody’s, Fitchand S&P Global reacted positively to the pending $2.1 billion deal.
Enerplus Corp. shareholders will vote on the deal, which was already approved by Chord stockholders, on May 24.
In 2024, the oil and gas industry is dealing with higher interest rates, armed conflicts in Europe and the Middle East, rising material costs, a decrease in Tier 1 acreage and new policies and laws.
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.