Building a Better Non-op? Control the Purse Strings, Executives Say

As they trail E&Ps in the public markets, some non-operated oil and gas companies are taking firmer control of drilling decisions as executives look to reinvent their business model.

August 27, 2024

Powder in the Hole: Devon May Fire up its PRB in Coming Years

Devon Energy is perfecting its spacing and completion recipe in Wyoming’s Powder River Basin  play to possibly unleash full-field development later this decade.

August 23, 2024

Dusting Off the D-J: Bison Acquires 210,000 Net Acres in 20 Months

Since finding backing from Quantum Energy Partners, Bison Oil & Gas IV has built an 83% HBP position in the Denver-Julesburg Basin, including more than 400 net locations and an average 20,000 boe/d, says CEO Austin Akers.

August 23, 2024

Mike Wirth: The ‘Remarkable’ Rise Of Chevron’s Permian Portfolio

Chevron aims to grow Permian volumes past 1 MMboe/d in 2025—less than a decade after it averaged less than 100,000 boe/d from legacy holdings in West Texas and New Mexico, Chevron CEO Mike Wirth said.

August 20, 2024

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.

August 19, 2024

Civitas: 4-mile Colorado Laterals A ‘Competitive Edge’ in D-J Basin

Civitas Resources poured billions of dollars into Permian M&A, but the company still sees room to run in its foundational portfolio in Colorado.

August 19, 2024

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.

August 13, 2024

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.

August 13, 2024

Summit Sees Drop-off in Gas Traffic Following Utica Midstream Sale

Summit Midstream spent the second quarter reorganizing and raising cash for the future, the company's CEO said.

August 9, 2024

Granite Ridge Adds Interests in Midland, Delaware, Williston

Non-op Granite Ridge Resources closed transactions during and after the second quarter in multiple plays, including the Midland, Delaware, Williston, D-J and Appalachian basins.

August 9, 2024