Northern Oil and Gas Ups Dividend 18%, Updates Hedging
Northern Oil and Gas, which recently closed acquisitions in the Utica Shale and Delaware Basin, announced a $0.40 per share dividend.
Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots
New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
NOG Closes Utica Shale, Delaware Basin Acquisitions
Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
NGL Water Solutions Begins Expansion of Lea County Express Pipeline System
The expansion of NGL Energy Partners LP’s Lea County Express Pipeline System by NGL Water Solutions, known as LEX II Expansion, will bring the system’s capacity to 340,000 bbl/d of produced water.
APA Corp. to Acquire Callon Petroleum for $4.5B
APA Corp.’s deal adds Callon Petroleum’s 120,000 Delaware Basin acres and continues a rash of Permian Basin M&A seen in 2023.
After Record Year, Permian Basin Set for Even More M&A in 2024
The big have grown bigger and Tier 1 acreage is even pricier in America’s hottest oil basin.
Fury Road: Will $450MM Battalion M&A Fuel More Go-private Deals?
Delaware Basin E&P Battalion Oil is being acquired in a go-private transaction by a newly formed E&P Fury Resources. Could go-private sales become more common for small E&Ps with limited runway in the public markets?
Delaware Basin E&P Battalion Oil Acquired for $450 Million
After a liquidity crunch and an exploration of strategic alternatives, Delaware Basin E&P Battalion Oil is being scooped up by a private player in a $450 million deal.
Howard Energy Partners Complete $800MM in Expansion Projects
Howard Energy Partners said they’ve achieved record volumes this year with the company’s current natural gas average throughput of over 2.5 Bcf/d and current average terminalling throughput of over 160,000 bbl/d.
Which Occidental Assets Will Hit Chopping Block After $12B CrownRock Deal?
After weeks of market speculation, Occidental announced plans to acquire private E&P CrownRock LP for $12 billion, adding core Midland Basin inventory and more upside from deeper zones underground.