The Latest

Infinity’s Utica Oil Output Rising as Play M&A, Expansion Underway

Securities analysts expect some M&A may be coming from the growing oil and wet-gas results in eastern Ohio, they report, including by newly public Infinity Natural Resources.

BKV Applies Refrac Playbook to Potential M&A Targets

BKV Corp. applies its refrac playbook—tried and true in the Barnett Shale—to potential M&A targets as it looks to gain contiguous acreage, Upstream President Eric Jacobson told Hart Energy at DUG Gas.

Sitio Fights for its Place Atop the M&R Sector

The minerals and royalties space is primed for massive growth and consolidation with Sitio aiming for the front of the pack.

Japan’s Mitsui Testing Western Haynesville Alongside Comstock, Aethon

Japanese firm Mitsui has plans to drill a horizontal well in the emerging western Haynesville play as renewed foreign investment in U.S. shale continues to pick up steam.

Sabine Oil & Gas to Add 4th Haynesville Rig as Gas Prices Rise

Sabine, owned by Japanese firm Osaka Oil & Gas, will add a fourth rig on its East Texas leasehold next month, President and CEO Carl Isaac said.

Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024

Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.

Buying Time: Continuation Funds Easing Private Equity Exits

An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.

Camino Reportedly Seeking $2B Sale as Midcon M&A Heats Up

Oklahoma producer Camino Natural Resources—one of the Midcontinent’s largest private E&Ps—is reportedly exploring a sale in the range of $2 billion.

Scott Sheffield Sues FTC for Abuse of Power Over Exxon-Pioneer Deal

A Federal Trade Commission majority opinion in May barred former Pioneer Natural Resources CEO Scott Sheffield from serving in any capacity with Exxon Mobil Corp. following its acquisition of the Permian Basin E&P.

Enverus: M&A Set to Cool with Smaller Deals, Higher Breakevens

With fewer acquisition targets, Enverus Intelligence Research said the quality of acquired inventory is declining, with breakevens averaging $50/bbl in 2024 versus $45/bbl in 2022 and 2023.