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

Exxon Seeks Buyers for Portion of Assets in North Dakota's Bakken Shale

The planned sale could fetch upwards of $500 million, two sources told Reuters. They said it was part of Exxon's efforts to focus on assets with the highest growth potential after a $60 billion takeover of rival Pioneer Natural Resources in May.

October 15, 2024

After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory

After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.

October 10, 2024

Lower Prices Spell Lower Oil Growth from Permian, US Shale: EIA

The U.S. Energy Information Administration reduced its forecasts for WTI oil prices and Lower 48 oil production growth in its latest Short-Term Energy Outlook report.

October 9, 2024

Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work

Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.

October 4, 2024

Exclusive: Sheffield Clears the Air, Formentera is Not Just a PDP Buyer

Formentera Founder and Partner Bryan Sheffield delves into the company's drilling operations including the unique history of how Formentera took up assets in Australia's Beetaloo, in this Hart Energy Exclusive interview. 

October 3, 2024

With Montney Production Set to Grow, US E&Ps Seize Opportunities

Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.

October 1, 2024

Energy Transfer Leads the Midstream Consolidation Flow

Energy Transfer co-CEOs discuss pipeline pain points, needed M&A, regulatory woes and much more in this Midstream Business exclusive.

October 1, 2024

Devon Energy Completes Grayson Mill Acquisition

Devon Energy Corp. completed its $5 billion acquisition of Grayson Mill Energy, expanding its Williston Basin operating scale and production.

September 30, 2024

Trauber: Inventory Drives M&A, But E&Ps Also Vying for Relevancy

Legendary dealmaker Stephen Trauber keeps his eyes open for out of the box ideas: Why not a BP-Shell merger? Or Chevon and ConocoPhillips? 

September 26, 2024