Waiting to close a $55 billion sale to Chevron, Hess Corp. plans to continue running four rigs in the North Dakota Bakken shale play through the fourth quarter.
ConocoPhillips has laid out a $2 billion divestiture campaign to reduce debt from a blockbuster acquisition of Marathon Oil.
Diversified Energy said the acquisition, from a regional operator, adds the equivalent of 70 Bcf of proved developed producing with a PV-10 of $89 million.
Oceaneering purchased Global Design Innovation, the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images.
Colonial owns a 5,500-mile pipeline network which carries more than 100,000 gallons of fuel to an area stretching from Houston to New Jersey.
Texas Pacific Land CFO Chris Steddum discusses the company's approach to acquisitions in both the Delaware and Midland basins, and TPL's selective strategy when evaluating deals, in this Hart Energy Exclusive interview.
EQT’s Northeast Pennsylvania divestiture to Equinor is the second deal between the two companies this year following a large swap of Marcellus assets in April.
Enterprise Products Partners closed its purchase of Piñon Midstream for $950 million on Oct. 28, earning Matador Resources $113 million for its roughly 19% ownership interest.
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.
Foreign asset buyers are considering U.S. upstream M&A to lower their LNG supply costs and avoid windfall taxes on European operations, Jefferies Managing Director Bill Marko says.