More Top Stories in Shale Plays
Archrock to Buy Natural Gas Compression Systems for $357MM
Archrock Inc. will buy privately held Natural Gas Compression Systems Inc. in a cash-and-stock deal that deepens Archrock’s operations in the Permian Basin.
E&P Highlights: March 10, 2025
Here’s a roundup of the latest E&P headlines, from a new discovery by Equinor to several new technology announcements.
Pearl Backs Haynesville Mineral and Royalties Firm Wild Basin
Equity commitments from Pearl Energy Investments and others have put $75 million of backing behind Haynesville Shale minerals and royalties company Wild Basin Energy.
Diversified, Partners to Supply Electricity to Data Centers
Diversified Energy Co., FuelCell Energy Inc. and TESIAC will create an acquisition and development company focused on delivering reliable, cost efficient net-zero power from natural gas and captured coal mine methane.
Summit Acquires Moonrise Midstream Assets to Alleviate D-J Constraints
A Summit Midstream Corp. (SMC) subsidiary will acquire Moonrise Midstream from Fundare Resources Co. in a cash-and-stock deal valued at $90 million.
Whitecap, Veren Enter $10.4B Merger of Western Canadian Basin E&Ps
Whitecap Resources and Veren Inc. will create the largest light oil and condensate producer in the Alberta Montney and Kaybob Duvernay in an all-share combination valued at CA$15 billion (US$10.43 billion).
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Vitesse Energy Closes $220MM Acquisition of Bakken Pureplay Lucero
Vitesse Energy Inc. agreed to purchase Bakken E&P Lucero Energy Corp. in December in an all-stock transaction valued at $222 million.
Streaming On-Demand: Expand Shifts to Just-in-Time NatGas TILs
Expand Energy’s just-in-time TIL model—turning new wells inline into sales—could shorten receipt of returns by up to two years.