Bernstein: Wells with IPs of 1,000 boe/d the ‘New Norm’
The share of 1,000 boe/d producers in the overall population of wells drilled in 2024 rose to 46% year-over-year; 2025 could be the year a majority of wells hit the “thousand club” threshold, Bernstein reports.
Exclusive: Camino Steps Back from $2B Midcon Sale Process—Sources
NGP-backed Camino Natural Resources, which had reportedly been seeking a $2 billion sale of its Midcontinent assets, has paused marketing the company, sources told Hart Energy.
How Elk Range Took the Leap to Buy Oxy’s $905MM D-J Heirloom
Elk Range Royalties closed on a $905 million purchase of Occidental’s assets in the Denver-Julesburg Basin in March— a once-in-a-lifetime purchase, CEO Charlie Shufeldt told Hart Energy.
ConocoPhillips Shopping Marathon’s Anadarko Assets for $1B— Source
ConocoPhillips is marketing Anadarko Basin assets it picked up through a $22.5 billion acquisition of Marathon Oil last year, Hart Energy has learned.
Jericho to Start Data Center Business on Oklahoma Gas Assets
Canada’s Jericho Energy Ventures says it will deliver on-site natural gas to power future campuses.
East Daley: Midstream Investors Drawn to Southeast as Demand Heats Up
Competition for gas supply will heat up as demand from data centers and new LNG projects jockey for a spot on takeaway lines.
Improving Gas Macro Heightens M&A Interest in Haynesville, Midcon
Buyer interest for Haynesville gas inventory is strong, according to Jefferies and Stephens M&A experts. But with little running room left in the Haynesville, buyers are searching other gassy basins.
IBAT CEO: Lithium Extraction in Smackover ‘Almost Child's Play’
Iris Jancik, the CEO of International Battery Metals, said the company aims to work with oil and gas companies to explore lithium extraction projects.
Validus Pays $850MM for 89 Energy as Midcon M&A Heats Up
Elliott Investment Management-backed Validus Energy continues to roll up Midcontinent assets, closing an $850 million acquisition of 89 Energy III.
Diversified Energy Closes $1.3B Maverick Acquisition, Enters Permian
Diversified Energy Co. Plc completed its $1.3 billion acquisition of EIG-backed Maverick Natural Resources.