Reuters: Northern Oil and Gas in Bid to Acquire Smaller Rival Granite Ridge, Sources Say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
Power Co. Proposes NatGas Plants Near Texas Haynesville Shale
An American Electric Power (AEP) subsidiary plans to develop two natural gas-fired generation projects near the prolific Texas Haynesville shale play.
Commentary: Maximizing the Opportunity for Energy Dominance
Energy produced in the U.S. already has a strong grip on global markets. But with the country on the cusp of a new regulatory environment, will the U.S. capitalize on the opportunity to maximize energy dominance?
Novel EOR Process Could Save Shale from a Dry Future
Shale Ingenuity’s SuperEOR, which has been field tested with positive results, looks to remedy the problem of production declines.
PHX Minerals Explores Sale After Rejecting Acquisition Bids
PHX Minerals hired bankers to explore a potential merger or sale of the firm, which manages assets across the Midcontinent and Haynesville Shale play. PHX has rejected multiple unsolicited acquisition bids in the past two years.
The Explosive Evolution of Fracking: A 75-Year Journey
Despite some initial resistance to the idea, Halliburton and Stanolind Oil pioneered the hydraulic fracturing that led to the shale boom.
Devon CEO Muncrief to Retire, COO Gaspar to Take Top Job in March
Devon Energy President and CEO Rick Muncrief, who has led Devon during past four years, will retire March 1. The board named COO Clay Gaspar as his successor.
Pickering: Will Improving Drilling Efficiencies Outrun Inventory-led M&A?
Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.
As Upstream M&A Settles, Oilfield Services Gear Up for More Deals
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
Utica Play Economics Are Middleweight, Enverus Says
Returns in America’s modest, middleweight oil play, are above the Bakken and Eagle Ford, but rank below the Midland, Delaware and Denver-Julesburg basins, Enverus reported.