EQV Ventures reported “there is approximately $75 billion of private upstream assets held by aging private-equity funds that may require liquidity over the next five years.”
The firm is a 50/50 joint venture of Baker Hughes and Akastor ASA formed in 2021 to include brands such as Hydril and Vetco Gray as well as Wirth and Maritime Hydraulics.
Houston-based LandBridge, which manages some 220,000 surface acres in the Permian Basin, kicked off trading at $19 per share, more than 10% above its listing price.
Newly public Delaware Basin surface-owner LandBridge Co. has a 100-year lease agreement with one developer that could result in ground-breaking in two years and 1 GW in demand.
The operator who sold Pioneer Natural Resources Co. to Exxon Mobil in May for $59.5 billion joins his son Bryan Sheffield in shale gas investment Down Under.
Among those buying the Australian shale-gas developer’s pre-trade shares were U.S. wildcatter Bryan Sheffield and completions pressure-pumper Liberty Energy.
Tamboran Resources’ appraisal wells indicate the Beetaloo Basin target formation is similar to the Marcellus Shale in its geophysical properties.
Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
After volatility in natural gas prices and broader economic instability in 2023, could BKV Corp.—the largest Barnett Shale producer—move forward with its IPO this year?
Just weeks after going public on the New York Stock Exchange, Mach Natural Resources is growing its position in Oklahoma with an $815 million acquisition from Paloma Partners IV LLC.