Darren
Barbee
Oil and Gas Investor
Bowman Consulting Acquires Texas Firm UP Engineering
The acquisition of UP Engineering strengthens Bowman Consulting Group’s position in the oil and gas market, Chairman and CEO Gary Bowman says.
Prairie Operating to Buy Bayswater D-J Basin Assets for $600MM
Prairie Operating Co. will purchase about 24,000 net acres from Bayswater Exploration & Production, which will still retain assets in Colorado and continue development of its northern Midland Basin assets.
On The Market This Week (Jan. 27, 2025)
Here's a roundup of marketed oil and gas leaseholds in Appalachian and the Central basins from select sellers.
Ovintiv Closes Montney Acquisition, Completing $4.3B in M&A
Ovintiv closed its $2.3 billion acquisition of Paramount Resource’s Montney Shale assets on Jan. 31 after divesting Unita Basin assets for $2 billion last week.
The Latest
KNOT Offshore Partners Conducts Shuttle Tanker Asset Swap
KNOT Offshore Partners LP subsidiary KNOT Shuttle Tanker AS is trading shuttle tanker assets with Knutsen NYK Offshore Tankers AS, the company said Feb. 27.
New Era Helium Signs NatGas Deal to Supply Permian Data Center Campus
The AI data center project will be developed on 200 acres of land the Texas Critical Data Centers joint venture will be acquiring. The project is expected to be online by the end of 2026.
MPLX Acquires Remaining Interest in BANGL for $715MM
MPLX LP has agreed to acquire the remaining 55% interest in BANGL LLC for $715 million from WhiteWater and Diamondback.
Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale
Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.
Diversified Closes Summit Natural Resources Deal for $42MM
Diversified Energy Co. Plc closed its deal with Summit Natural Resources to buy operated natural gas assets and midstream infrastructure for approximately $42 million, the company said Feb. 27.
Opal Fuels to Develop Four New RNG Facilities
The output from Opal Fuels' new RNG facilities, once fully operational, will be about 20 million gasoline gallon equivalents per year.
Eni, PETRONAS Form Gas Development JV in Indonesia, Malaysia
Eni and PETRONAS believe the joint venture will lead to synergies that create a leading LNG player in the region.
IOG Resources II Buys Non-Op Utica Shale Interests
IOG Resources II is expanding in Appalachia with an acquisition of Utica working interests in eastern Ohio.
Diamondback in Talks to Build Permian NatGas Power for Data Centers
With ample gas production and surface acreage, Diamondback Energy is working to lure power producers and data center builders into the Permian Basin.
Ring Energy Bolts On Lime Rock’s Central Basin Assets for $100MM
Ring Energy Inc. is bolting on Lime Rock Resources IV LP’s Central Basin Platform assets for $100 million.