Ovintiv Swaps the Uinta for Montney in Multiple M&A Moves
Ovintiv is expanding greatly in the Canadian Montney Shale play through a US$2.38 billion deal with Paramount Resources and exiting the newly booming Uinta Basin in Utah with a $2 billion sale to FourPoint Resources.
Exclusive: Harold Hamm’s Top Oil, Gas Goals After Trump Victory
Continental Resources Chairman Harold Hamm helped raise millions of dollars for Donald Trump’s campaign—and he’s got a laundry list of energy goals for the next administration to tackle.
Coterra Eyes Wolfcamp D, Penn Shale Upside with $3.95B Permian M&A
With $3.95 billion in Permian M&A, Coterra is adding new Delaware Basin locations in the Bone Spring, Harkey and Avalon benches—and eyeing upside from deeper zones.
CEO: Ovintiv Passes on Permian Prices for More Montney Condensate
Rumored to be a potential buyer in the Permian Basin, Ovintiv instead struck a deal for lower-cost oil and condensate assets in Alberta’s Montney Shale.
Exxon Mobil to Cut Almost 400 Jobs in Wake of Pioneer Acquisition
A regulatory filing shows more than 90% of layoffs are at Pioneer’s former headquarters in Irving, Texas with the rest being workers in Midland.
Roth-Backed SPAC To Take Public Permian Gas, Helium Producer
A blank-check company backed by Roth Capital Partners and Craig-Hallum Capital Group aims to combine with Permian gas and helium producer New Era Helium.
East Daley: Deals Continue ONEOK’s Climb to Midstream Elite
Mergers with EnLink and Medallion lift the company into the ranks of Energy Transfer and Enterprise Products Partners.
Coterra to Acquire Permian Assets from Franklin, Avant for $3.95B
Coterra made its long-awaited move to grow dramatically in the Permian, moving on large portions in New Mexico’s Delaware Basin.
Exxon to Sell Older Permian Assets to Hilcorp in $1B Deal, Sources Say
Reuters reported in June that Exxon was auctioning the assets to focus on higher growth shale drilling properties, following the completion of its $60 billion takeover of Pioneer Natural Resources in May.
EOG Greenlights Second Rig to Ohio Utica Oil Wildcatting
EOG Resources has put 25 modern stimulated horizontals to date in the oily Utica fairway in eastern Ohio with one rig and IPs of up to 3,250 boe/d, 70% oil and 85% liquids.