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.
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.
The owners of a Utah tar sand mine project agreed to a go-public combination with a blank-check sponsor.
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.
Non-operated specialist Northern Oil & Gas (NOG) had a banner second quarter, inking its largest acquisition ever in Utah and hitting record quarterly production.
A historic run of U.S. upstream M&A transactions continued unabated during the second quarter, according to Enverus data.
SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.
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.
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.
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?