The Latest

Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field

Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.

Energy Transfer Remains Hungry for M&A, Sees 1Q Oil Volumes Surge

Energy Transfer reported record first-quarter crude volumes and expects demand for petrochemicals to continue rising.

Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space

Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.

Kissler: Mideast Tension Elevates Crude Prices—But for How Long?

Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.

Enverus: Permian Gains Will Sustain US Oil Production Through 2030

Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.

Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas

Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.

Chevron, Total’s Anchor Up and (Almost) Running

During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.

OTC: Will More Electrical Demand Bring Energy Debate Back to Reality?

Energy experts, including Scott Tinker, touted the importance of discussing the environmental and economic impacts of moving energy forward at the 2024 Offshore Technology Conference.

Dara Energy Acquires Assets in Three States from Vinland

Dara Energy closed an acquisition of low decline oil and gas assets in Kentucky, Tennesee and Texas from Vinland Energy.

OTC: SLB Exec Says Goal is to Expand Production, Lower Emissions

Despite rapidly expanding global renewables capacity, oil and gas products will still supply around half of global energy demand by 2040, an SLB executive said during the 2024 Offshore Technology Conference.