Diamondback, on Hold for Endeavor Deal, Divests in Delaware Basin
Diamondback Energy sold non-core assets in the Delaware Basin in the second quarter and collected $375 million for its share of a midstream asset sale as its waits to close a $26 billion acquisition of Endeavor Energy Resources.
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.
EOG Buys South Texas Gathering System, Divests in Delaware, Eagle Ford
EOG Resources added to its South Texas infrastructure in the first half of 2024 with the acquisition of midstream assets that increases the company’s market access at Agua Dulce hub.
Exxon Pairs Record Pioneer Output with Record Legacy Permian Volumes
After closing a $63 billion acquisition of Pioneer Natural Resources, Exxon is the largest producer in the Permian Basin—and the entire U.S.
Occidental Closes $12 Billion Acquisition of CrownRock
Occidental has already started the process of reducing debt incurred through its acquisition of CrownRock LP with an $817 million sale in late July of Delaware Basin assets to Permian Resources.
APA Ratchets Up Permian Activity to Stoke US Oil Growth
APA Corp. expects an 8% uptick in its U.S. oil production in fourth-quarter 2024 compared to second-quarter 2024 as the company continues to connect more wells in the Permian Basin.
NOG’s Banner 2Q: Biggest M&A Deals, New Basins, Record Production
Non-operated specialist Northern Oil & Gas (NOG) had a banner second quarter, inking its largest acquisition ever in Utah and hitting record quarterly production.
Disputed Delaware Basin Acres Excluded in Vital-Point Energy Deal
The 4,000 gross contiguous acres in northern Loving County are involved in litigation with Matador Resources, which the Texas Supreme Court ruled lost its lease.
NOG Updates Share Buyback Following Point Energy Purchase
Northern Oil and Gas repurchased 895,076 shares of common stock during second-quarter 2024 at an average of $38.96 per share.
CEO: Vital to Chase Less-developed Delaware Zones with $1.1B Deal
With the acquisition of Point Energy Partners, Vital Energy is growing in the Texas Delaware Basin—where Vital has already done several deals and has worked to optimize drilling and spacing designs.