E&Ps Pivot from the Pricey Permian
SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Trump Ambiguous Whether Canadian-Mexico Tariffs to Include Oil
At a news conference, President Trump said that he would exclude oil from tariffs before backtracking to say that he “may or may not” impose duties on crude.
Haslam Family Office: ‘We Need Hydrocarbons’
The managing director of HF Capital—the office for Tennessee's Haslam family—says that as long as oil, gas and other energy sources are lacking capital, there’s an investment opportunity.
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Amplify to Add D-J, Powder River Assets in Merger Agreement with Juniper Capital
Amplify Energy Corp. is combining with certain Juniper Capital portfolio companies in a merger agreement that adds 287,000 acres in the Denver-Julesburg and Powder River basins.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
Back to the Future: US Shale is Growing Up
The Patch’s maturity will be tested in 2025 amid ongoing consolidation and geopolitical dissonance.
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.