Onshore
Mergers , Acquisitions & Divestitures , Policy & Regulations
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.
Private Equity , Midstream , Markets
OGInterview: Building EIV Capital’s Midstream Investment Strategy
Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.
Service Contracts , Service & Supply , Field Development
ProPetro to Provide eFrac Services to Exxon’s Permian Operations
ProPetro has entered a three-year agreement to provide electric hydraulic fracturing services for Exxon Mobil’s operations in the Permian Basin.
Acquisitions & Divestitures
Phoenix Capital Group Acquires Uinta Basin Royalty Interests
Phoenix Capital Group’s acquisition of 1,500 net royalty acres in Duchesne County, Utah, brings the company's investment in the Uinta Basin to more than $60 million, the company said.
Earnings , Natural Gas liquids (NGL) , Natural Gas
Range Resources Holds Production Steady in 1Q 2024
NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
Acquisitions & Divestitures , Earnings
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
Joint Ventures , RNG
TotalEnergies, Vanguard Renewables Form RNG JV in US
Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.
Acquisitions & Divestitures , Private Equity , Trends
Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?
Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?
Pipelines , Earnings
Kinder Morgan Sees Need for Another Permian NatGas Pipeline
Negative prices, tight capacity and upcoming demand are driving natural gas leaders at Kinder Morgan to think about more takeaway capacity.
Dividends/Buybacks
Matador Resources Announces Quarterly Cash Dividend
Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.