Camino Reportedly Seeking $2B Sale as Midcon M&A Heats Up
Oklahoma producer Camino Natural Resources—one of the Midcontinent’s largest private E&Ps—is reportedly exploring a sale in the range of $2 billion.
Overbuilt Fleet of LNG Tankers Sinking Cargo Transport Rates
LNG shipping rates are at historic lows as a flooded transport market waits for projects to come online and more cargoes to move.
Hess Corp. Bucks E&P Trend, Grows Bakken Production by 7%
Hess Corp. “continues to make the most of its independent status,” delivering earnings driven by higher crude production and lower operating costs, an analyst said.
Elk Range Acquires Permian, Eagle Ford Minerals and Royalties
Elk Range Royalties is purchasing the mineral and royalty interests of Newton Financial Corp., Concord Oil Co. and Mission Oil Co.
ONEOK, Enterprise Renew Agreements with Houston’s Intercontinental Exchange
ONEOK and Enterprise Product Partners chose to continue their agreements to transfer and price crude oil with Houston-based Intercontinental Exchange.
Bridger Photonics Announces New CEO to Support Company Growth
Bridger Photonics announced Ben Little as the company’s new CEO in support of the growth Bridger has experienced with the growing market adoption of its methane detection solutions.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
Fatal Texas Oilfield Accident Leaves One Dead, Two Injured
One man was killed and two others were injured at an oilfield in Texas on Jan. 29 where ProPetro Services was conducting fracking operations at a well site owned by Permian Resources Corp.
Hirs: Investing for 2025—Growth by Acquisition
Fundamentals will push against increased production and a buyers’ market will rule.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.