From shale’s boom to today’s consolidation wave, Stephens' Keith Behrens discusses disciplined capital, M&A drivers and why long-term investors are shifting toward gas-focused plays.

Midcontinent-focused Mach Natural Resources is expanding into the Permian and San Juan basins, doubling its production and adding greater natural gas exposure.

Integrating global volatility into pricing models means cleaner balance sheets with improved leverage and room to deploy capital creatively, says BOK Financial’s Mari Salazar.

A Hart Energy analysis at $100 oil, using Kimmeridge Energy Management metrics at $70 oil, suggests more than 100,000 future U.S. oil-well prospects. Just add dollars.

Hilcorp Energy made two horizontal recompletions in vintage wells in the area, while Mitsui E&P USA has pulled four permits, according to Texas Railroad Commission files.