Quantum-Backed E&Ps Expand with Acquired Gassy Utah-Colorado Assets

Following Quantum Capital Group’s closed $1.8 billion acquisition of Caerus Oil and Gas, KODA Resources gained 160,000 acres on the Uinta side.

November 4, 2024

Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’

Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.

October 24, 2024

Northern Scores Early Mover Advantage with $2.6B Uinta Basin Deal

Northern Oil and Gas CEO Nick O’Grady said the Uinta Basin has stayed off the radar but a time may come when Utah’s best kept secret starts to heat up in the M&A market.

October 24, 2024

Finding a Niche: Midstream Giants Target Private G&P Assets

Smaller, non-publicly owned midstream companies are moving quickly for a position in a consolidation-driven market.

October 23, 2024

Liberty Capitalizes on Frac Tech Expertise to Navigate Soft Market

Liberty Energy capitalized on its “competitive edge” when navigating a challenging demand environment in third-quarter 2024, CEO Chris Wright said in the company’s quarterly earnings call.

October 18, 2024

Hilcorp Fined $9.4MM Over San Juan Basin Fracking Emissions

Private E&P Hilcorp Energy will pay a $9.4 million civil penalty stemming from natural gas fracking operations in New Mexico’s San Juan Basin.

October 18, 2024

As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus

Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.

October 16, 2024

Midcon, Rockies Drilling Activity Keeps Declining in 3Q—KC Fed

To substantially increase drilling activity, E&Ps in the Midcon and Rockies need to see a healthy increase in oil and natural gas prices, according to the third-quarter Kansas City Fed Energy Survey.

October 16, 2024

‘Worried’ E&Ps Keep Merging as Shale Ages, Costs Rise—Kimmeridge

With just half as many public E&Ps around today as there were in 2017, Kimmeridge and Managing Partner Ben Dell think the E&P space still has—and needs—plenty more M&A.

October 11, 2024

Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing

Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.

October 8, 2024