Sitio Fights for its Place Atop the M&R Sector
The minerals and royalties space is primed for massive growth and consolidation with Sitio aiming for the front of the pack.
SM Energy Marries Wildcatting and Analytics in the Oil Patch
As E&P SM Energy explores in Texas and Utah, Herb Vogel’s approach is far from a Hail Mary.
Prairie Operating Closes $600MM D-J Acquisition from Bayswater
Prairie Operating Co. has closed on its $602.75 million acquisition of Denver-Julesburg Basin assets from Bayswater Exploration and Production.
CPP Wants to Invest Another $12.5B into Oil, Gas
The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
In Colorado, the Regulatory Noose Tightens for E&Ps
More stringent rules on everything from drilling and orphan wells to emissions is raising the cost of fossil fuel production in the state.
Oxy, Looking to Cut Debt, Sells D-J Minerals to Elk for $905MM
Elk Range Royalties bought 250,000 net royalty acres in the Denver-Julesburg Basin for $905 million from Occidental Petroleum, which is looking to shed debt after last year's acquisition of CrownRock.
EOG Ramps Gassy Dorado, Oily Utica, Slows Delaware, Eagle Ford D&C
EOG Resources will scale back on Delaware Basin and Eagle Ford drilling and completions in 2025.
USGS: 47 MMbbl of Oil, 876 Bcf of Gas in Conventional Rockies’ Basins
The U.S. Geological Survey surveyed areas where potential hydrocarbons in as yet undiscovered oil and gas formations in the Wind River, Bighorn and Powder River basins.
Wildcat Expanding Terminal Transporting Crude from Uinta to Gulf Coast
Wildcat Midstream has begun expanding its Helper export terminal for more capacity to take crude from the Uinta Basin to the Gulf Coast.
Summit Acquires Moonrise Midstream Assets to Alleviate D-J Constraints
A Summit Midstream Corp. (SMC) subsidiary will acquire Moonrise Midstream from Fundare Resources Co. in a cash-and-stock deal valued at $90 million.