Northern Oil and Gas repurchased 895,076 shares of common stock during second-quarter 2024 at an average of $38.96 per share.
A historic run of U.S. upstream M&A transactions continued unabated during the second quarter, according to Enverus data.
Crescent Energy closed a $2.1 billion merger with SilverBow Resources, creating the second-largest operator in the South Texas Eagle Ford Shale.
Superior Drilling Products shareholders approved the company’s $32 million acquisition by Drilling Tools International.
Midcontinent E&P SandRidge Energy is getting deeper into the emerging Cherokee oil play in western Oklahoma through a $144 million acquisition.
Nut Tree Capital Management and Caspian Capital, which have been pursuing an acquisition of Martin Midstream since May, have increased their offer for the company to $175 million.
Shareholders for Crescent Energy and SilverBow Resources signed off on their $2.1 billion merger—expected to create one of the largest E&Ps in the Eagle Ford Shale.
With the acquisition of Point Energy Partners, Vital Energy is growing in the Texas Delaware Basin—where Vital has already done several deals and has worked to optimize drilling and spacing designs.
Permian Resources’ will offer cash for its senior notes Due 2026, among other financing moves, following a July 29 agreement to buy Delaware Basin assets from Occidental Petroleum for $817.5 million.
As the number of ABS deals has grown, so have investors’ confidence with the asset and the types of deals they are willing to underwrite.