The Latest

Asia, EU Buyers Warming Up to US Shale M&A Again—Jefferies

Foreign asset buyers are considering U.S. upstream M&A to lower their LNG supply costs and avoid windfall taxes on European operations, Jefferies Managing Director Bill Marko says.

Analyst: Public E&Ps Race to Stay Relevant in a Consolidating Energy Market

A shrinking pool of opportunities is leading to scarcity and driving the rising valuations for crude E&Ps in the current A&D market, said TD Cowen analyst David Deckelbaum at Hart Energy’s A&D Strategies and Opportunities Conference.

Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’

Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.

Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation

Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.

Great Expectations Continue to Round Out a Big Year in A&D

At least $1.8 billion in A&D transactions have taken place already in 2024.         

Lime Rock CEO: Small, Mid Cap E&Ps Stuck in M&A ‘No Man’s Land’

Eric Mullins said that as large-scale M&A players begin to rationalize their purchases, as much as $18 billion in non-core divestments could find homes to asset-hungry acquirers.

As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus

Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.

Flowserve Closes $305MM Acquisition of MOGAS Industries

Infrastructure service company Flowserve Corp. has completed its acquisition of MOGAS Industries for $305 million.

Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely

Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.

After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory

After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.