Oxy: Ecopetrol Declines to Buy Interests in Permian E&P CrownRock
Following discussions between Permian joint venture partners Occidental Petroleum and Ecopetrol, the Colombian oil company declined to acquire a 30% stake in CrownRock LP’s Midland Basin assets.
New Major Permian NatGas Blackcomb Pipeline Reaches FID
WhiteWater Midstream announced a joint venture to build the 2.5 Bcf/d Blackcomb pipeline, which would offer a new connection from the Permian Basin to South Texas.
Big Barrels: Meet Ohio’s New Utica Oil Play
After a false start in the early 2010s that went underwater with overwhelmingly low oil and associated-gas prices, a new group of Ohio drillers is going after the Utica’s volatile oil window. They’re talking now. Here’s what they’re up to.
Segrist: Gassed Up, Waiting to Go: Producers Aim to Remedy Gas Prices
The countdown clock for a surge in natural gas demand is ticking. Is the U.S. finally at the turning point?
NOG’s Banner 2Q: Biggest M&A Deals, New Basins, Record Production
Non-operated specialist Northern Oil & Gas (NOG) had a banner second quarter, inking its largest acquisition ever in Utah and hitting record quarterly production.
Texas Needs More Natgas Pipes as Prices Turn Negative Again
Spot gas prices for July 31 at the Waha hub in West Texas turned negative for a third time in July even as a record-breaking heatwave could boost U.S. power demand to an all-time high later this week as homes and businesses crank up their air conditioners.
ArcLight Forms Renewables Management Team, Acquires Texas Wind Farm
Infrastructure investment firm ArcLight acquired a 160-megawatt wind farm, located in the Midland Basin.
Disputed Delaware Basin Acres Excluded in Vital-Point Energy Deal
The 4,000 gross contiguous acres in northern Loving County are involved in litigation with Matador Resources, which the Texas Supreme Court ruled lost its lease.
NOG Updates Share Buyback Following Point Energy Purchase
Northern Oil and Gas repurchased 895,076 shares of common stock during second-quarter 2024 at an average of $38.96 per share.
2Q Upstream M&A Tops $30B as Deals Hit Utah, Eagle Ford, Bakken
A historic run of U.S. upstream M&A transactions continued unabated during the second quarter, according to Enverus data.