What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
SM Energy has entered into a joint acquisition with Northern Oil and Gas to buy XCL Resources’ oil-heavy Uinta Basin assets in a core area that SM says competes with the Midland Basin.
Surge is holding out liquidity for growth in the Midland Basin, said Linhua Guan, CEO of Surge Energy America, at Hart Energy's SUPER DUG Conference.
Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
Deep Blue, the joint venture between Diamondback Energy and Five Point Energy, has acquired pipeline and hundreds of thousands of barrels of water disposal capacity from Lagoon Operating Midland.
Developed and owned by Priority Power, the facility is expected to lower costs and minimize HighPeak’s greenhouse gas emissions.
Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.
After selling the first FireBird Energy to Diamondback for $1.6 billion, the FireBird II team is adding leases and scaling oil production in the western Midland Basin, CEO Travis Thompson said at Hart Energy’s SUPER DUG Conference & Expo.
Travis Thompson, CEO of FireBird Energy II, said the company has made about 13 acquisitions since its inception in April 2023 and currently has two rigs running.