Sitio Fights for its Place Atop the M&R Sector
The minerals and royalties space is primed for massive growth and consolidation with Sitio aiming for the front of the pack.
Diamondback Energy Closes $4.1B Double Eagle IV Acquisition
Diamondback Energy Inc. closed on its approximately $4.1 billion deal to buy EnCap Investments’ Double Eagle IV, adding approximately 40,000 net acres in the Midland Basin to its portfolio.
SM Energy Marries Wildcatting and Analytics in the Oil Patch
As E&P SM Energy explores in Texas and Utah, Herb Vogel’s approach is far from a Hail Mary.
PE Firm Voyager to Merge Haynesville OFS Firm with Permian’s Tejas
Private equity firm Voyager Interests’ Haynesville Shale portfolio company VooDoo Energy Services will merge with Tejas Completion Services as part of a transaction backing Tejas, Voyager said.
Golden Gate Capital Completes Stonehill Environmental Sale
Private equity firm Golden Gate Capital has completed the sale of energy infrastructure company Stonehill Environmental Partners for an undisclosed amount.
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
Diamondback in Talks to Build Permian NatGas Power for Data Centers
With ample gas production and surface acreage, Diamondback Energy is working to lure power producers and data center builders into the Permian Basin.
Diamondback Closes TRP Acreage Swap for Midland Assets
Diamondback Energy added southern Midland Basin locations through an acreage swap with TRP Energy.
Civitas Makes $300MM Midland Bolt-On, Plans to Sell D-J Assets
Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.
Slant Energy Secures Capital Commitment from Pearl Energy Investments
Newly formed Slant Energy III LLC has secured an equity commitment from Dallas-based private equity firm Pearl Energy Investments.