UK’s Union Jack Oil to Expand into the Permian
In addition to its three mineral royalty acquisitions in the Permian, Union Jack Oil is also looking to expand into Oklahoma via joint ventures with Reach Oil & Gas Inc.
EIA: Oil, Gas Output to Fall Across Lower 48 in February
Daily oil and gas output is forecasted to decline from shale basins across the Lower 48 in February—except from the mighty Permian Basin, according to new Energy Information Administration figures.
Analysts: Chesapeake-SWN Poised to Supply Growing Global LNG Demand
Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion merger to serve more domestic customers and access growing global LNG demand.
Chesapeake, Southwestern to Combine in $7.4B Deal
Chesapeake Energy and Southwestern Energy's merger will create dominant positions in Appalachia and the Haynesville Shale, which the companies say would compete on the global stage.
Potential Chesapeake, Southwestern Merger May Face Tough Scrutiny
Low natural gas prices are driving producers such as Chesapeake and Southwestern to seek large ‘strategic’ deals at a time when large-scale consolidation is coming under increased scrutiny by lawmakers and regulators.
Marketed: GTG Operating Certain Operated Properties in Stephens County, Texas
GTG Operating LLC retained RedOaks Energy Advisors for the sale of certain operated properties in Stephens County, Texas.
Quantum Energy Closes $2.7B Sale of Haynesville E&P Rockcliff Energy
Tokyo Gas subsidiary TG Natural Resources purchased Quantum Energy-backed Rockcliff Energy, quadrupling its gas and NGL volumes.
Deckelbaum: US Shale Landscape Taking on New Shape Through M&A
In 2023, majors Chevron and Exxon Mobil took four public names off the board—Pioneer Natural Resources, Denbury, PDC Energy and Hess Corp.— using all-equity takeout mechanisms with scant premiums.
Shale Outlook: The World Calls on US LNG. Can the Haynesville Answer?
Booming production and proximity to Gulf Coast export terminals weigh in the play’s favor.
Williams Buys Gulf Coast Natgas Storage for $1.95B
Williams purchase of 115 Bcf of natural gas storage capacity from Hartree Partners ties in with LNG terminals and comes as demand for natural gas has grown by 56% while gas storage capacity has increased by only 12%.