Diamondback’s Viper Buys $1.1B in Permian Mineral, Royalty Interests
Diamondback subsidiary Viper Energy is spending $1.1 billion on a series of Permian Basin mineral and royalty acquisitions from Tumbleweed Royalty, which was formed by the executives behind Double Eagle Energy.
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Patterson-UTI Updates Drilling Rig Status
Patterson-UTI’s monthly announcements represent the company’s average number of revenue-earning drilling rigs in the U.S.
Mach Units Fall 12% After Announcing Offering to Finance M&A Deals
Mach Natural Resources (MNR) units are trading down over 12% after announcing plans to sell 7.85 million common units to fund two pending acquisitions in the Midcontinent.
Go Long: Exxon, EOG Extend Permian Laterals, Lead US Onshore Drilling
When it comes to drilling in U.S. onshore basins, no other operators are drilling more than Exxon Mobil and EOG Resources, according to Enverus data.
Franklin Mountain Pulls Trigger on Gunbarrel’s 18-well Delaware Project
In August, Franklin Mountain Energy brought online its 18-well Gunbarrel project, targeting the Delaware Basin’s Third Bone Spring and Wolfcamp A, among other intervals.
Crescent Energy Bolts On Oil-weighted Eagle Ford Acreage
The deal, Crescent said, builds on the company’s Eagle Ford M&A in the past 18 months, including its recent $2.1 billion acquisition of SilverBow Resources.
Interoil to Boost Production in Ecopetrol Fields
Interoil will reopen shut-in wells at three onshore fields, which are under contract by Ecopetrol.
STRYDE Awarded Seismic Supply Contracts in Mexico
STRYDE was awarded two seismic node supply contracts in Mexico, the company’s first projects in the country.
Waha’s Negative Gas Prices Set an Unwelcome, Painful Record
Analysts: Gas producers are weathering nearly a month of negative natural gas prices thanks to hedging, but they can’t hold out indefinitely.