ConocoPhillips Completes $22.5B Acquisition of Marathon

ConocoPhillips CEO Ryan Lance said he expects synergies of more than $1 billion on a run rate basis over the next 12 months.

Ovintiv Swaps the Uinta for Montney in Multiple M&A Moves

Ovintiv is expanding greatly in the Canadian Montney Shale play through a US$2.38 billion deal with Paramount Resources and exiting the newly booming Uinta Basin in Utah with a $2 billion sale to FourPoint Resources.

PHX Insists Shareholders Reject WhiteHawk’s Latest Offer

PHX Minerals’ board maintained its stance on Nov. 14 that WhiteHawk’s latest offer was not in the best interest of its stockholders.

Range Resources Counters M&A Peer Pressure with Drilling Efficiencies

Range Resources doesn’t feel the need to give into M&A peer pressure as it focuses on the efficient development of its current asset base, President and CEO Dennis Degner tells Hart Energy.

Roth-Backed SPAC To Take Public Permian Gas, Helium Producer

A blank-check company backed by Roth Capital Partners and Craig-Hallum Capital Group aims to combine with Permian gas and helium producer New Era Helium.

WhiteHawk Badgers Response from PHX on Acquisition Offer

WhiteHawk Energy’s move follows months of unsuccessful attempts to engage PHX Mineral's leadership, including a previous stock-for-stock merger proposal in August 2023.

Expand Energy: Chesapeake’s Bankruptcy to Largest Gas Producer in US

Before Expand Energy could boast itself as the largest by volume natural gas-weighted E&P in the U.S., its predecessor Chesapeake Energy had to climb out of bankruptcy. 

Exclusive: ‘Later Innings’ for Energy M&A: Consolidator View Slows Deals

John Fossum, managing director at Petrie Partners, delves into the slowing pace of mergers amid companies vying for consolidator status and approaches companies are taking to generate cash, in this Hart Energy Exclusive interview.

Proppant Suppliers Covia, Black Mountain Merge to Become Iron Oak Energy Solutions

Iron Oak Energy Solutions will supply proppant to E&P operations in basins across North America.

Marathon Oil Expects ‘Mass Layoff’ After ConocoPhillips Deal Closes

Marathon Oil’s merger with ConocoPhillips, which is to close by year-end, will trigger a layoff of more than 500 Houston employees, according to a state regulatory filing.