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.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Coterra Energy Closes Pair of Permian Basin Deals for $3.9B
Coterra Energy Inc. purchased Delaware Basin assets from Franklin Mountain Energy and Avant Natural Resources for $3.9 billion.
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.
Diversified to Acquire Maverick, Enter Permian Basin in $1.3B Deal
Diversified Energy will acquire EIG’s Maverick Natural Resources, adding acreage that offsets Diversified’s core Western Anadarko position and Permian Basin assets in the northern Delaware.
RoboTrucks Arrive in Permian Basin, Haul Proppant for Atlas Energy
Autonomous trucks developed by Kodiak Robotics delivered sand, off-road, for Atlas Energy Solutions’ Permian operations beginning in December.
On The Market This Week (Jan. 20, 2025)
Here is a roundup of marketed oil and gas interests in the Delaware Basin, Midcontinent and Bakken from select sellers.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
WaterBridge to Build Delaware Basin Produced Water Network for BPX
WaterBridge plans to develop 400,000 bbl/d of produced water capacity for BPX Energy by 2028.
Devon Energy Announces Changes to Executive Leadership Team
Among personnel moves, Devon Energy announced John Raines and Trey Lowe have been promoted to senior vice president roles.