More Top Stories in Shale Plays
Archrock to Buy NatGas Compression Firm TOPS for $983MM
The acquisition of Total Operations and Production Services will increase Archrock's compression capacity by 30% to nearly 2.2 million operating horsepower.
EQT Closes $5.45B Acquisition of Equitrans Midstream
In addition to integrating Equistrans’ midstream assets, EQT will focus on reducing the infrastructure company’s debt of between $7.6 billion and $8 billion. Including equity and debt, the deal is valued at roughly $13 billion.
Beyond Permian? Breaking Down E&Ps’ Second Half M&A Prospects
From Permian Resources and Diamondback Energy to Matador Resources and Civitas Resources, analysts weigh in on upstream companies’ M&A mindset as second-quarter earnings season gets underway.
Woodside Energy to Buy LNG Developer Tellurian for $900 Million
Australia's Woodside Energy will pay $1 per share for Tellurian, which earlier this year sold its upstream Haynesville Shale assets to convert into a pure play LNG company, in a deal with an estimated enterprise value of $1.2 billion, including debt.
Ecopetrol in Discussions with Oxy to Buy $3.6B Stake in CrownRock
Occidental Petroleum is in talks with joint venture partner Ecopetrol SA to acquire a 30% stake in CrownRock LP for approximately $3.6 billion, according to regulatory filings.
Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal
The waiting period for Occidental’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the way for the deal to close next month.
Despite 2Q Earnings Miss, Kinder Morgan Plans Gas Capacity Growth
Kinder Morgan's second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.
SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal
SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.
Marketed: Delaware Basin AFE Interests Divestiture
Armstrong Energy Corp. and Slash Exploration have retained RedOaks Energy Advisors for a sale of certain wellbore-only AFE interests located in Lea County, New Mexico.
New Wells Underway: Private E&Ps Pulled 40% of US Permits in May
Private E&Ps are keeping pace with public operators in taking permits for new-drill horizontals across the Lower 48, according to a research report.