Sandy
Segrist
Hart Energy
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
SLB to Sell Interests in Canada’s Palliser Block
SLB and Torxen Energy had purchased the Palliser crude oil and natural gas assets from Cenovus Energy Inc. for about $1.04 billion cash.
Great Expectations Continue to Round Out a Big Year in A&D
At least $1.8 billion in A&D transactions have taken place already in 2024.
California Mergin’: CRC-Aera Combination Creates Golden State Scale
CRC President and CEO Francisco Leon believes the state needs to bolster its own oil and gas production—not all citizens and lawmakers agree.
Lime Rock CEO: Small, Mid Cap E&Ps Stuck in M&A ‘No Man’s Land’
Eric Mullins said that as large-scale M&A players begin to rationalize their purchases, as much as $18 billion in non-core divestments could find homes to asset-hungry acquirers.
ONEOK Replaces Three EnLink Board Directors Post Acquisition Close
Three Global Infrastructure Partner directors are being replaced on EnLink Midstream’s board of directors by members of ONEOK’s executive leadership team.
As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus
Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.
Woodside Closes $2.35B Acquisition of OCI’s Texas Ammonia Project
Woodside CEO Meg O’Neill addressed the October death of a worker at the Beaumont, Texas, ammonia project purchased from OCI NV, saying the company’s top priority is safety.
Phillips 66 Sells Interest in Swiss-based Petrol Station Operator
Phillips 66 Ltd. is selling its 49% non-operated equity interest in Switzerland’s Coop Mineraloel, an operator of retail sites and petrol stations.
Exxon Seeks Buyers for Portion of Assets in North Dakota's Bakken Shale
The planned sale could fetch upwards of $500 million, two sources told Reuters. They said it was part of Exxon's efforts to focus on assets with the highest growth potential after a $60 billion takeover of rival Pioneer Natural Resources in May.