More Top Stories in Shale Plays
Vital Energy's ‘Wildly Successful’ 2023 ‘Small Ball’ M&A Now in ‘Moneyball’ Mode
The operator added big runs in $1.6 billion of 2023 deals. Now Vital is looking to make more out of its hits via geology and geophysics, including steals “for free.” Still, it might pick up big consolidators’ cast-offs.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Williston Warriors: Enerplus’ Long Bakken Run Ends in $4B Chord Deal
Chord Energy and Enerplus are combining to create an $11 billion Williston Basin operator. The deal ends a long run in the Bakken for Enerplus, which bet on the emerging horizontal shale play in Montana nearly two decades ago.
Enterprise Buys Assets from Occidental’s Western Midstream
Enterprise bought Western’s 20% interest in Whitethorn and Western’s 25% interest in two NGL fractionators located in Mont Belvieu, Texas.
Endeavor Integration Brings Capital Efficiency, Durability to Diamondback
The combined Diamondback-Endeavor deal is expected to realize $3 billion in synergies and have 12 years of sub-$40/bbl breakeven inventory.
Permian Activity in ‘Low-to-no-growth’ Mode for First Half
After multiple M&A moves in 2023 and continued E&P adherence to capital discipline, Permian Basin service company ProPetro sees the play holding steady.
Occidental to Divest Some Permian Assets after Closing CrownRock Deal
Occidental CEO Vicki Hollub said plans to divest non-core Permian assets would come after closing the pending acquisition of CrownRock — but reports have since emerged that the company is considering selling its share of Western Midstream Partners, valued at about $20 billion, according to Reuters.
Targa Resources Forecasts Rising Profits on 2024 Exports
Midstream company Targa Resources reports a record fourth quarter in volumes and NGL fractionation.
Benchmark Buys Revolution Resources’ Anadarko Assets in $145MM Deal
Benchmark Energy II is acquiring Revolution Resources just over four years after Revolution bought out Jones Energy Inc.’s Midcontinent portfolio.
FERC Approves ONEOK Pipeline Segment Connecting Permian to Mexico
ONEOK’s Saguaro Connector Pipeline will transport U.S. gas to Mexico Pacific’s Saguaro LNG project.