A&D Minute: Big Deals in the Permian and Eagle Ford [WATCH]
In this week's A&D Minute, Kimbell Royalty Partners makes its largest deal in company history, Diamondback Energy sells an ownership interest in Midland Basin crude oil gathering assets for $225 million and Magnolia Oil & Gas bolts on assets in the Giddings field.
WhiteHawk Energy Takes Spurned PHX Minerals Merger Proposal Public
After several unsuccessful attempts to engage PHX Minerals in merger talks, WhiteHawk Energy released a letter communicating its proposal directly to PHX shareholders.
Southwestern Energy Takes Q2 Earnings Hit, But Slashes Debt
Debt reduction drives Southwestern Energy’s strategy as second quarter earnings plummet.
Tellurian Losses Snowball in 2Q, but Driftwood Focus Continues
Houston-based Tellurian Inc. reported a larger net loss in the second quarter 2023 compared to the prior quarter, as well as a 11% decline in its Haynesville Shale production.
Earthstone Shops Eagle Ford Assets as E&P Eyes South Texas Exit
Earthstone Energy is marketing PDP and undeveloped locations in the Eagle Ford as the E&P streamlines its focus on the Permian Basin.
Southwestern Energy Closes Non-core Utica Divestiture
Proceeds from Southwestern Energy’s Utica divesture will go towards paying off the company’s $4.05 billion debt.
Equitrans Midstream Sets Sights on MVP Completion
Despite sluggish second quarter earnings, Equitrans Midstream expects completion of the Mountain Valley Pipeline by year-end.
North Houston Haynesville Wildcat Comes in at 35 MMcf/d
Comstock Resources' well is still cleaning up after six weeks online, and the ultimate IP is expected to be higher.
Enterprise Products Partners Updates Permian Projects, Reports Earnings Slide
Lower commodity prices are blamed for the slide in Enterprise Product Partners’ second quarter results.
Magnolia Oil & Gas Bolts-on Acreage in Giddings Field
Magnolia added acreage in the Giddings Field outside of its core development area with promise for development, the company said.