CEO: Coterra Drops Last Marcellus Rig, May Halt Completions

Coterra halted Marcellus Shale drilling activity and may stop completions as Appalachia waits for stronger natural gas prices, CEO Tom Jorden said at an industry conference.

September 12, 2024

Marketed: Stone Hill Exploration and Production Four Well Package in Ohio

Stone Hill Exploration has retained EnergyNet for the sale of a four well package including two proved developed producing wells in Harrison County, Ohio.

September 10, 2024

Mach Units Fall 12% After Announcing Offering to Finance M&A Deals

Mach Natural Resources (MNR) units are trading down over 12% after announcing plans to sell 7.85 million common units to fund two pending acquisitions in the Midcontinent.

September 5, 2024

Mach Taps Equity Markets to Fund $136MM in Midcontinent M&A

Mach Natural Resources is offering to sell common units to fund two pending acquisitions in the Ardmore and Anadarko basins.

September 4, 2024

SandRidge Closes $144MM Western Anadarko Basin Acquisition

SandRidge Energy’s deal, with an undisclosed party, adds net production of 6,000 boe/d (40% oil) in Ellis and Roger Mills counties, Oklahoma.

September 3, 2024

Midcon Momentum: SCOOP/STACK Plays, New Zones Draw Interest

The past decade has been difficult for the Midcontinent, where E&Ps went bankrupt and pulled back drilling activity. But bountiful oil, gas and NGL resources remain untapped across the Anadarko, the SCOOP/STACK plays and emerging zones around the region.

September 3, 2024

ONEOK to Acquire Permian’s EnLink, Medallion Midstream for $5.9 Billion

ONEOK will acquire Global Infrastructure Partners’ interests in EnLink Midstream and Medallion Midstream, which add scale in the Permian, Midcontinent and Louisiana, in separate transactions valued at $5.9 billion.

August 28, 2024

Mach Natural Resources Sells Western Anadarko Assets in 2Q

Mach Natural Resources divested Western Anadarko acreage after making an $815 million acquisition from Paloma Partners IV last year.

August 14, 2024

SM, Vital Reveal Wildcatting for Permian Barnett and Woodford Oil

SM Energy has landed two tests in its Midland Basin leasehold, while Vital Energy reports it’s drilled four. SM’s IPs are promising, while Vital has just begun flowback.

August 8, 2024

The OGInterview: CEO Tom Jorden on Coterra’s ‘Meritocracy of Ideas’

Coterra Energy took an against-the-grain stance on consolidation long before merger mania hit the U.S. E&P space, and it’s paying—to its shareholders—meaningful dividends.

August 5, 2024