Permian Resources Inc.
Transactions
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
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News
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Shale Outlook Permian: The Once and Future King Keeps Delivering
The Permian Basin’s core is in full-scale manufacturing mode, with smaller intrepid operators pushing the basin’s boundaries further and deeper.
Dividends Declared Week of Nov. 4
Here is a compilation of dividends declared from select upstream and midstream companies in the week of Nov. 4.
Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
Occidental Closes $12 Billion Acquisition of CrownRock
Occidental has already started the process of reducing debt incurred through its acquisition of CrownRock LP with an $817 million sale in late July of Delaware Basin assets to Permian Resources.
Permian Resources Bolts-on Oxy’s Delaware Basin Assets for $820MM
Permian Resources will add Occidental Petroleum’s Barilla Draw assets in an $817.5 million deal as Oxy prepares to pay down debt for its pending $12 billion acquisition of CrownRock LP.
Oxy Near $1B Deal to Sell Barilla Draw to Permian Resources— Sources
Occidental Petroleum and Permian Resources are in the process of finalizing the Permian Basin deal, which could be announced in the coming weeks if the talks don't fall apart, sources told Reuters.
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.
It’s Complicated: E&Ps Find Some Financial Tailwinds, But It’s Not All Smooth Sailing
Relatively stable WTI prices in the $80s/bbl provide some breathing room as companies allocate cash for operations, and pragmatism is seeping into the energy transition movement.
After Record Year, Permian Basin Set for Even More M&A in 2024
The big have grown bigger and Tier 1 acreage is even pricier in America’s hottest oil basin.
Liberty Energy Joins US Wildcatters in Australian Shale
Liberty Energy’s entry rounds out the upstream portion of Tamboran Resources’ plan to develop the Beetaloo Basin in northern Australia.
ProPetro CEO: Next-gen Equipment Demand High Despite Market Headwinds
As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
Earthstone Declares ‘Special’ Cash Dividend
Earthstone's dividend is payable Nov. 6 to shareholders of record as of Oct. 31.
Permian Resources Buys Earthstone Energy for $4.5 Billion
The deal, which comes after extensive M&A by Earthstone, will increase Permian Resources’ leasehold to more than 400,000 net acres and its production to 300,000 boe/d.