Stephens created a legacy in the Permian Basin that Endeavor said will continue to shape the future of the company.
A younger generation more open to selling subsurface rights has increased supply for the minerals and royalties market, and Mesa Minerals III is buying up interests in the Permian and Haynesville.
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.
Fury Resources' new offer reduces the amount of consideration payable to Battalion’s stockholders. Battalion said it was reviewing the amended terms of a merger agreement that was announced in December.
Privately held Brazos Midstream completed a 200 MMcf/d cryogenic gas processing plant in the Midland Basin and plans to build a larger gas processing plant in the second half of 2025.
Drill-to-earn arrangements have been utilized in the Permian for years in the forms of joint ventures, farm-outs and other customizable agreements.
Tourmaline Oil is adding high-quality drilling locations in Canada’s Montney Shale with the CA$1.3 billion (US$950 million) acquisition of Crew Energy Inc.
Occidental Petroleum’s direct air capture commercial-scale facility in Texas is designed to capture up to 500,000 metric tons of CO2 annually.
Summit Midstream spent the second quarter reorganizing and raising cash for the future, the company's CEO said.
Non-op Granite Ridge Resources closed transactions during and after the second quarter in multiple plays, including the Midland, Delaware, Williston, D-J and Appalachian basins.