Formation Minerals purchased Haynesville Shale interests on acreage operated by Aethon Energy Management.
Houston-based LandBridge, which manages some 220,000 surface acres in the Permian Basin, kicked off trading at $19 per share, more than 10% above its listing price.
Newly public Delaware Basin surface-owner LandBridge Co. has a 100-year lease agreement with one developer that could result in ground-breaking in two years and 1 GW in demand.
The Permian Basin’s natural gas growth leads to record surge in U.S. energy supplies.
The operator who sold Pioneer Natural Resources Co. to Exxon Mobil in May for $59.5 billion joins his son Bryan Sheffield in shale gas investment Down Under.
Shares for SM Energy were trading down after announcing a multibillion-dollar entry into Utah’s Uinta Basin, an unusual move that nonetheless adds scale to the company’s Eagle Ford Shale and Permian Basin operations.
SM Energy has entered into a joint acquisition with Northern Oil and Gas to buy XCL Resources’ oil-heavy Uinta Basin assets in a core area that SM says competes with the Midland Basin.
After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.
As more private oil producers are gobbled up by giant publics, the gas players are moving up the ranks of the top operators, according to a compiled list by Enverus in an exclusive partnership with Oil and Gas Investor.
Anschutz Exploration Corp. has retained EnergyNet for the sale of three wells in the Powder River Basin.