Reuters: Northern Oil and Gas in Bid to Acquire Smaller Rival Granite Ridge, Sources Say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
J. Douglas Schick Succeeds PEDEVCO Majority Owner Simon Kukes as CEO
Simon G. Kukes, who took over PEDEVCO in 2018, said the company has since worked toward entering joint development agreements in the Permian and Denver-Julesburg basins.
Utica Play Economics Are Middleweight, Enverus Says
Returns in America’s modest, middleweight oil play, are above the Bakken and Eagle Ford, but rank below the Midland, Delaware and Denver-Julesburg basins, Enverus reported.
Exclusive: Why Family Offices Favor ‘Lower-Risk’ Oil, Gas Investments
Evan Smith, Stephens’ senior vice president for investment banking, describes growth in the company’s network of family offices, specifically those investing in the energy sector, in this Hart Energy Exclusive interview.
Proppant Suppliers Covia, Black Mountain Merge to Become Iron Oak Energy Solutions
Iron Oak Energy Solutions will supply proppant to E&P operations in basins across North America.
Finding a Niche: Midstream Giants Target Private G&P Assets
Smaller, non-publicly owned midstream companies are moving quickly for a position in a consolidation-driven market.
Liberty Capitalizes on Frac Tech Expertise to Navigate Soft Market
Liberty Energy capitalized on its “competitive edge” when navigating a challenging demand environment in third-quarter 2024, CEO Chris Wright said in the company’s quarterly earnings call.
Midcon, Rockies Drilling Activity Keeps Declining in 3Q—KC Fed
To substantially increase drilling activity, E&Ps in the Midcon and Rockies need to see a healthy increase in oil and natural gas prices, according to the third-quarter Kansas City Fed Energy Survey.
‘Worried’ E&Ps Keep Merging as Shale Ages, Costs Rise—Kimmeridge
With just half as many public E&Ps around today as there were in 2017, Kimmeridge and Managing Partner Ben Dell think the E&P space still has—and needs—plenty more M&A.
Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing
Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.