Chris
Mathews
Hart Energy
Civitas’ 4-Mile D-J Basin Wells See ‘Quite Compelling’ Returns
Civitas Resources is all-in on the Permian after pumping nearly $7 billion into M&A in the basin last year. But Civitas is drilling longer wells on its legacy Colorado assets, too.
Diamondback, on Hold for Endeavor Deal, Divests in Delaware Basin
Diamondback Energy sold non-core assets in the Delaware Basin in the second quarter and collected $375 million for its share of a midstream asset sale as its waits to close a $26 billion acquisition of Endeavor Energy Resources.
Quantum to Buy Carlyle’s Power Producer for $3B
Managed by investment firm Carlyle, Cogentrix Energy’s platform is comprised of 5.3 gigawatts of natural gas-fired power plants, located throughout electricity servicers PJM, ERCOT and ISO-NE.
Woodside to Acquire OCI’s Texas Clean Ammonia Project for $2.35B
Woodside’s purchase of OCI Clean Ammonia Holding’s project, which is under construction, is targeting first ammonia production scheduled for 2025 with lower-carbon ammonia following in 2026.
EOG Buys South Texas Gathering System, Divests in Delaware, Eagle Ford
EOG Resources added to its South Texas infrastructure in the first half of 2024 with the acquisition of midstream assets that increases the company’s market access at Agua Dulce hub.
Exxon Pairs Record Pioneer Output with Record Legacy Permian Volumes
After closing a $63 billion acquisition of Pioneer Natural Resources, Exxon is the largest producer in the Permian Basin—and the entire U.S.
Delek to Sell Retail Business to FEMSA for $385MM
Delek US Holdings will sell its subsidiary, Delek US Retail, to Mexico conglomerate FEMSA in a bid to unlock value, Delek’s CEO said.
ConocoPhillips’ Blowout: Permian, Eagle Ford, Bakken Output Rises
ConocoPhillips reported a notable uplift in Eagle Ford Shale production during the second quarter, while volumes in the Permian, Bakken and Canada’s Montney Shale also grew.
Occidental Closes $12 Billion Acquisition of CrownRock
Occidental has already started the process of reducing debt incurred through its acquisition of CrownRock LP with an $817 million sale in late July of Delaware Basin assets to Permian Resources.
Rising Phoenix Expands Oil, Gas Portfolio with D-J Basin Deal
The Denver-Julesburg Basin deal, which closed July 31, marks Rising Pheonix Royalties’ first non-operated drilling acquisition.