Diamondback Energy subsidiary Cottonmouth has formed a joint venture with Verde Clean Fuels to turn associated natural gas that would have been flared into low-carbon gasoline in the Permian Basin.
The South Texas Eagle Ford Shale’s emergence as an M&A hot spot in late 2022 highlights the play’s market potential this year.
Riley Permian is adding 11,700 net acres and over 100 gross horizontal drilling locations in Eddy County, N.M., to its portfolio.
Paradigm will sell three midstream gathering systems serving the Bakken, and another in the Eagle Ford, to Hilcorp-affiliate Harvest.
The deal is the latest Eagle Ford transaction following months of multi-billion dollar M&A by Marathon Oil, Devon Energy and, most recently, Chesapeake Energy.
ADNOC's stake increase for its gas business from the original 4% is based on significant investor demand.
Lukoil is talking directly to potential buyers for its offshore Pecan oilfield stake because investment bankers are not getting involved due to western sanctions on Russia.
Houston-based private equity firm Quantum Energy Partners is backing Bison Oil & Gas IV to acquire and develop oil and gas assets in Colorado and Wyoming.
Yeager Land & Title retained EnergyNet for the sale of a non-producing mineral (4,571.55 NMA) package located in Archer County, Texas.
Diversified Minerals Co. LLC has retained EnergyNet for the sale of a five-well and 12-DUC package located in Arapahoe and Weld counties, Colo.