Doug Prieto, CEO of Tailwater E&P, told Hart Energy the firm was comfortable with the breakeven costs and well control within the Permian, Eagle Ford and Haynesville.
An analyst said Diamondback’s Pecos County, Texas, assets are inferior to its Midland Basin assets and could help the E&P reach its $1 billion divestiture goal.
SCPTX Holdings LLC retained RedOaks Energy Advisors for the sale of certain operated conventional properties in Central Texas.
M&F Energy LLC retained EnergyNet for Grizzaffi-Vial 1; MA-3 RE SUA (Operations) plus 1-SWD in Saint Mary Parish, Louisiana.
A megamerger between shale driller Pioneer Natural Resources and supermajor Exxon Mobil could reshape the Permian Basin. But Exxon would need to offer a hefty sum to attract a deal, analysts say.
The next era of M&A looks to be characterized by less new infrastructure and big transactions.
A final investment decision on the Viking CCS transportation and storage project is expected in 2024.
Here’s a roundup of the latest E&P headlines in the upstream oil and gas industry, including first oil from a Gabonese project and the sailaway of an FPSO headed for a whale of a field offshore Côte d'Ivoire.
Liberty Energy Inc. acquired Siren Energy, an integrated natural gas compression and CNG delivery business focused on the Permian Basin, for $78 million and launched alternative fuel provider Liberty Power Innovations.
Exxon Mobil and Pioneer, in separate emails, told Hart Energy they would not comment on market rumors or speculation.