More Top Stories in Shale Plays
NOG Updates Share Buyback Following Point Energy Purchase
Northern Oil and Gas repurchased 895,076 shares of common stock during second-quarter 2024 at an average of $38.96 per share.
2Q Upstream M&A Tops $30B as Deals Hit Utah, Eagle Ford, Bakken
A historic run of U.S. upstream M&A transactions continued unabated during the second quarter, according to Enverus data.
Wood Mackenzie: OFS Costs Expected to Decline 10% in 2024
As service companies anticipate a slowdown in Lower 48 activity, analysts at Wood Mackenzie say efficiency gains, not price reductions, will drive down well costs and equipment demand.
Crescent Energy Closes SilverBow Deal, Adding Eagle Ford Scale
Crescent Energy closed a $2.1 billion merger with SilverBow Resources, creating the second-largest operator in the South Texas Eagle Ford Shale.
SandRidge Energy Buys Western Anadarko Cherokee Assets for $144MM
Midcontinent E&P SandRidge Energy is getting deeper into the emerging Cherokee oil play in western Oklahoma through a $144 million acquisition.
Crescent, SilverBow Shareholders OK $2.1B Merger, Eye Closing July 30
Shareholders for Crescent Energy and SilverBow Resources signed off on their $2.1 billion merger—expected to create one of the largest E&Ps in the Eagle Ford Shale.
International, Tech Drive NOV’s 2Q Growth Amid US E&P Headwinds
Despite a U.S. drilling slowdown, slightly offset by Permian Basin activity, NOV saw overall second-quarter revenue grow by 6%, although second-half 2024 challenges remain in North America.
CEO: Vital to Chase Less-developed Delaware Zones with $1.1B Deal
With the acquisition of Point Energy Partners, Vital Energy is growing in the Texas Delaware Basin—where Vital has already done several deals and has worked to optimize drilling and spacing designs.
Permian Resources Announces Financing Moves Following Oxy Deal
Permian Resources’ will offer cash for its senior notes Due 2026, among other financing moves, following a July 29 agreement to buy Delaware Basin assets from Occidental Petroleum for $817.5 million.
Post Oak Minerals Acquires Permian Basin Interests for $475MM
Post Oak Minerals V, an affiliate of Post Oak Energy Capital, has closed 10 transactions since the onset of 2024, including 24,000 net royalty acres from APA Corp. subsidiary Apache.