Onshore
US Energy Production Hits All-time High, Far Outpacing Consumption -EIA
The Permian Basin’s natural gas growth leads to record surge in U.S. energy supplies.
SM Energy to Buy XCL Resources in $2.55B Entry into Uinta Basin
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.
Surge of Longer Lateral Drilling to Enhance Reservoir Recovery
With energy demand growing, operators look to supply hydrocarbons by drilling longer wells.
Study: Time Running Out for FID on Next Permian NatGas Pipeline
To meet natural gas takeaway demand by 2026, a final investment decision on a new Permian Basin pipeline will be needed before the end of the year, according to Enverus analysis.
By the Horns: Matador Wrangles Ameredev Deal for Delaware Scale
Matador Resources expects its enterprise value to reach $11.5 billion after acquiring Ameredev II for $1.9 billion in cash—not bad for a brand launched in 1983 with friends-and-family financing.
Oxy, Other E&Ps Look to Alternative Power Sources for Ops
Oil and gas companies Occidental Petroleum Corp. and Diamondback Energy Inc. are collaborating with fission and fusion power technology companies to power their operations.
TMX Crude Quality May Hamper Flows from Canada to US West Coast
Companies and industry associations including Canadian Natural Resources Ltd, Chevron and refiner Valero Energy have written to the Canada Energy Regulator (CER) to complain about high vapor pressure limits on the Trans Mountain pipeline.
Matador Resources Buys EnCap E&P Ameredev II for $1.9B
Matador Resources is expanding its Delaware Basin footprint in West Texas and New Mexico with the acquisition of EnCap-backed operator Ameredev II.
Kinder Morgan Holds Open Season for SFPP Pipeline System
Kinder Morgan subsidiary SFPP LP is soliciting commitments to support a proposed expansion of the refined products pipeline system that runs from El Paso, Texas, to Tucson, Arizona.
Diversified Closes $377MM Oaktree Acquisition
The acquisition grows Diversified Energy's scale, margins and free cash flow with the bolt-on of interests in Oklahoma, East Texas and Louisiana.