Piceance Uinta
SM Stock Dives Over 10% as Investors Weigh $2B Uinta Basin Deal
Shares for SM Energy were trading down after announcing a multibillion-dollar entry into Utah’s Uinta Basin, an unusual move that nonetheless adds scale to the company’s Eagle Ford Shale and Permian Basin operations.
SM Energy to Buy XCL Resources in $2.55B Entry into Uinta Basin
SM Energy has entered into a joint acquisition with Northern Oil and Gas to buy XCL Resources’ oil-heavy Uinta Basin assets in a core area that SM says competes with the Midland Basin.
Watching the Uinta: XCL Petitions the FTC to Approve Altamont Acquisition
XCL Resources' petition was required under a prior agreement EnCap Energy Capital Fund XI struck with the FTC in 2022, which required the private equity group to sell off EP Energy’s Utah oil business.
Private Oil Producers Dwindle Amid Consolidation in New Top Operators List
According to a compilation by Enverus in an exclusive partnership with Oil and Gas Investor, the list of the top 20 private oil producers has been reshaped following a period of massive M&A.
Exclusive: XCL Increases Production Amidst Lookout for More Inventory
XCL Resources is beginning its journey to acquire Altamont Energy, but in the meantime, the company is refining its operations in the Uinta Basin to find the perfect lateral length.
Hunt Oil Co. Markets DJ, Midcontinent-heavy Minerals Package
Hunt Oil Co., one of the nation’s oldest family-owned oil companies, is marketing minerals and royalties across several major basins.
Kimmeridge Exits SilverBow Proxy Fight, Takes Credit for $2.1B Crescent Deal
Kimmeridge will withdraw from a proxy fight with SilverBow Resources in light of a $2.1 billion offer by Crescent Energy for the Eagle Ford Shale E&P.
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.
Phoenix Capital Group Acquires Uinta Basin Royalty Interests
Phoenix Capital Group’s acquisition of 1,500 net royalty acres in Duchesne County, Utah, brings the company's investment in the Uinta Basin to more than $60 million, the company said.
Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal
More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.