Why Buying Double Eagle Does (and Doesn’t) Make Sense for Ovintiv
Proceeds from an Ovintiv divestiture in the Uinta Basin could help fund a deal for Double Eagle’s Midland Basin assets, but analysts say the money could just as easily be used for debt reduction.
ONEOK to Acquire Permian’s EnLink, Medallion Midstream for $5.9 Billion
ONEOK will acquire Global Infrastructure Partners’ interests in EnLink Midstream and Medallion Midstream, which add scale in the Permian, Midcontinent and Louisiana, in separate transactions valued at $5.9 billion.
Texas Pacific Land Acquires Delaware Minerals, Midland Acreage
Texas Pacific Land Corp. said it closed acquisitions of net royalty interests in the Delaware Basin and more than 4,100 Midland Basin acres.
Exxon Explores Sale of Conventional Permian Basin Assets
Exxon Mobil, which closed a $60 billion takeover of Pioneer Natural Resources this year, is exploring selling legacy conventional assets in the Permian Basin.
Building a Better Non-op? Control the Purse Strings, Executives Say
As they trail E&Ps in the public markets, some non-operated oil and gas companies are taking firmer control of drilling decisions as executives look to reinvent their business model.
Mike Wirth: The ‘Remarkable’ Rise Of Chevron’s Permian Portfolio
Chevron aims to grow Permian volumes past 1 MMboe/d in 2025—less than a decade after it averaged less than 100,000 boe/d from legacy holdings in West Texas and New Mexico, Chevron CEO Mike Wirth said.
APA Executive: After Recent Divestitures, ‘More to Come’
At the EnerCom Denver conference, an APA Corp. executive didn’t address reports that APA was shopping up to $1 billion in Permian Basin assets, but he said the company is looking to shed $2 billion in term loans associated with its purchase of Callon Petroleum.
Civitas: 4-mile Colorado Laterals A ‘Competitive Edge’ in D-J Basin
Civitas Resources poured billions of dollars into Permian M&A, but the company still sees room to run in its foundational portfolio in Colorado.
Wildcatter at Heart: Autry Stephens (1938-2024)
Legendary wildcatter Autry Stephens, founder and chairman of Midland Basin E&P Endeavor Energy Resources, stayed true to his “never sell” strategy.
Debt, Politics and Gas: Ecopetrol Explains Rejecting $3.6B Oxy Deal
Ecopetrol said its decision to not move forward with a $3.6 billion deal to acquire Oxy’s CrownRock LP assets was mainly due to the impact on its leverage, but also political shifts under Colombian President Gustavo Petro.