Piceance Uinta
Quantum Buys Rockies E&P Caerus Oil and Gas for $1.8B
Private equity firm Quantum Capital Group closed an acquisition of Caerus Oil and Gas. Quantum is splitting Caerus’ assets in Colorado and Utah between two portfolio companies.
CEO: Berry Seeks Horizontal Drilling Opportunities in Uinta Basin
Berry Corp., which has a large footprint in California’s San Joaquin Basin, might be more excited about deals and drilling near its Uinta Basin acreage.
Utah Tar Sands Developers Plan Go-public Deal with SPAC
The owners of a Utah tar sand mine project agreed to a go-public combination with a blank-check sponsor.
After $2.55B Deal, NOG and SM to Buy More Uinta Basin Assets
Northern Oil & Gas and SM Energy, which are acquiring Uinta Basin E&P XCL Resources, will acquire additional assets in the basin with the purchase of Altamont Energy, which XCL had been trying to buy.
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.
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.
SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal
SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.
Trio Chairman Robin Ross Named CEO Less Than a Month After Return
Robin Ross, who last month returned to Trio Petroleum as board chair, has been named CEO while predecessor Michael Peterson will remain as a consultant.
Supreme Court’s Uinta Basin Rail Case Raises Stakes for LNG, Pipelines
The lawsuit, involving crude transport via railway in the Uinta Basin, is part of a larger intragovernmental fight that could have implications for how FERC decides pipeline and LNG plant permitting.
It’s All Relative: Family Oil Companies Attract Huge M&A Attention
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?