The Latest

Will TG Natural Resources Be the Next Haynesville M&A Buyer?

TG Natural Resources, majority owned by Tokyo Gas, is looking to add Haynesville locations as inventory grows scarce, CEO Craig Jarchow said.

Chevron Buys 15.4MM Shares of Hess Stock on Open Market

Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.

PE Firm Voyager to Merge Haynesville OFS Firm with Permian’s Tejas

Private equity firm Voyager Interests’ Haynesville Shale portfolio company VooDoo Energy Services will merge with Tejas Completion Services as part of a transaction backing Tejas, Voyager said.

Exclusive: Sheffield Says FTC Could Rescind His, John Hess’ Bans

Former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy that his ban by the Federal Trade Commission from serving on Exxon Mobil’s board "was pretty much illegal. It's a baseless and illegal order that was done.” 

Expand Lands 5.6-Miler in Appalachia in Five Days With One Bit Run

Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.

Vitesse Energy Closes $220MM Acquisition of Bakken Pureplay Lucero

Vitesse Energy Inc. agreed to purchase Bakken E&P Lucero Energy Corp. in December in an all-stock transaction valued at $222 million.

ADNOC, OMV to Merge Petrochemical Firms to Create $60B Giant

The merged entity, Borouge Group International, is set to be the fourth largest polyolefins firm by production capacity, behind China's Sinopec and CNPC, and U.S.-based Exxon Mobil, ADNOC Downstream CEO Khaled Salmeen told Reuters.

SLB-ChampionX Deal Clears Antitrust Review, Agrees to Sell Interest in US Synthetic

SLB’s deal to acquire ChampionX received clearance under the U.S.' Hart-Scott-Rodino Antitrust Improvements Act. 

Saipem, Subsea7 Merge to Create Offshore Services Company

The new energy services company called Saipem7 would have an annual revenue of $21 billion.

Nabors SPAC, e2Companies $1B Merger to Take On-Site Powergen Public

Nabors Industries’ blank check company will merge with e2Companies at a time when oilfield service companies are increasingly seeking on-site power solutions for E&Ps in the oil patch.