Permian
Endeavor Energy Founder Autry Stephens Dies at 86
Stephens created a legacy in the Permian Basin that Endeavor said will continue to shape the future of the company.
For Sale: Grandma’s Minerals
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.
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.
Fury Resources Lowers Offer for Permian E&P Battalion by 29%
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.
Brazos Completes Permian G&P Plant, Announces Another
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.
Permian Consolidation Piques Interest in Drill-to-earn Opportunities
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’s $950MM Crew Energy M&A Drills Deeper In Montney
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’s Stratos DAC Project on Track for 2025 Startup
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 Sees Drop-off in Gas Traffic Following Utica Midstream Sale
Summit Midstream spent the second quarter reorganizing and raising cash for the future, the company's CEO said.
Granite Ridge Adds Interests in Midland, Delaware, Williston
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.