Rockies
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?
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.
Marketed: Anschutz Three-well Opportunity in Powder River Basin
Anschutz Exploration Corp. has retained EnergyNet for the sale of three wells in the Powder River 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.
Marketed: Anschutz Exploration Powder River Basin Opportunity
Anschutz Exploration Corp. has retained EnergyNet for the sale of a Powder River Basin in the Castle 3568-1324-1TH of Converse County, Wyoming.
Phillips 66 to Sell Interests in Rockies Express Pipeline to Tallgrass
Phillips 66’s sale to Tallgrass will generate $685 million in proceeds following debt and equity adjustments.
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.