PetroLegacy Energy
News
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
Middle Innings: Shale E&Ps’ Slow Struggle to Woo Back Investors
To attract capital back into the sector, the largest oil and gas companies are spending less on exploration and development and more on shareholder returns. How long can they keep the gravy train rolling in different commodity cycles?
Ovintiv Completes $4.2B Midland Basin Buy, Bakken Exit
Ovintiv closed its previously announced $4.2 billion Midland Basin acquisition adjacent to its current operations in the Permian, as well as the sale of the entirety of its Bakken position, the company said on June 12