Element3 Produces Lithium Carbonate from Permian Oil, Gas Wastewater
Element3 says it produced the battery-grade lithium carbonate using a Double Eagle Energy Holding subsidiary’s wastewater in the Midland Basin.
Occidental, Ecopetrol Extend Midland Basin Drilling JV
The updated plans between Occidental and Colombian state oil company Ecopetrol call for 34 new Midland Basin wells between April 2025 and June 2026.
Buying Time: Continuation Funds Easing Private Equity Exits
An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
Hibernia IV Joins Dawson Dean Wildcatting Alongside EOG, SM, Birch
Hibernia IV is among a handful of wildcatters—including EOG Resources, SM Energy and Birch Resources—exploring the Dean sandstone near the Dawson-Martin county line, state records show.
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.
Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc
KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Langford Enters Midland Basin with Murchison Oil and Gas Deal
Langford Energy Partners closed on an acquisition of 8,000 acres in the Midland Basin from Murchison Oil and Gas LLC.
Shale Outlook Permian: The Once and Future King Keeps Delivering
The Permian Basin’s core is in full-scale manufacturing mode, with smaller intrepid operators pushing the basin’s boundaries further and deeper.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.