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.
Could UpCurve Be an M&A Target in Delaware Inventory Scramble?
On a shrinking list of private equity-backed Delaware Basin operators, UpCurve Energy’s CEO told Hart Energy there’s a “reasonable chance” the company’s Reeves County, Texas, assets will be sold off.
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.
From Exxon to APA, E&Ps Feel Need to Scratch Exploration Itch
Exxon Mobil is looking for its “next Permian,” which an executive said could be in Algeria.
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.
Marketed: Henry Energy Non-op Delaware Basin Divestiture
Henry Energy LP has retained RedOaks Energy Advisors for the sale of certain non-operated working interest properties in Reeves County, Texas.
Avant Natural Resources Steps Out with North Delaware Avalon Tests
With the core of the Delaware Basin in full manufacturing mode, Avant Natural Resources is pushing an operated portfolio into the northern reaches of the New Mexico Delaware.
Enterprise Expands Delaware Position With $950MM Piñon Purchase
Enterprise Products Partners’ cash deal to acquire Piñon Midstream for $950 million offers sizeable gas treatment facilities in the Permian Basin.