Onshore
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.
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.
Investment Firms Up Offer to Buy Martin Midstream to $175MM
Nut Tree Capital Management and Caspian Capital, which have been pursuing an acquisition of Martin Midstream since May, have increased their offer for the company to $175 million.
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.
Permian Resources Bolts-on Oxy’s Delaware Basin Assets for $820MM
Permian Resources will add Occidental Petroleum’s Barilla Draw assets in an $817.5 million deal as Oxy prepares to pay down debt for its pending $12 billion acquisition of CrownRock LP.
Baytex Energy Joins Eagle Ford Shale’s Refrac Rally
Canadian operator Baytex Energy joins a growing number of E&Ps touting refrac projects in the Eagle Ford Shale.
Vital Energy, Northern to Buy Delaware E&P Point Energy for $1.1B
Vital Energy will buy an 80% stake in Point Energy Partners’ Delaware Basin assets for about $820 million, with Northern Oil and Gas acquiring the remaining 20% interest for $220 million.
Oxy Near $1B Deal to Sell Barilla Draw to Permian Resources— Sources
Occidental Petroleum and Permian Resources are in the process of finalizing the Permian Basin deal, which could be announced in the coming weeks if the talks don't fall apart, sources told Reuters.