Darren
Barbee
Oil and Gas Investor
Permian Resources Divests Delaware Basin Midstream Assets to Kinetik
The deal includes approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for natural gas gathering, compression and processing and crude oil gathering services, Kinetik said.
BW LPG Takes Sixth VLGC Delivery from Avance Gas
The delivery of the BW Rigel vessel marks the sixth vessel delivered to BW from Avance Gas as part of the companies’ $1.5 billion deal for 12 very large gas carriers.
Altus Power Adds 13 MW to Clean Energy Portfolio in Maine
Altus Power has acquired three operational clean energy projects in Maine, adding a total of 12.8 MW of solar energy to its portfolio.
Pickering: Will Improving Drilling Efficiencies Outrun Inventory-led M&A?
Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.
As Upstream M&A Settles, Oilfield Services Gear Up for More Deals
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
BP Seeks Buyers for US NatGas Pipeline System Stake, Sources Say
BP is seeking buyers for a stake in its U.S. natural gas pipeline network, sources say.
Permian EOR Firm Plans Reverse Merger with Coconut Water Brand
Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
Surge Energy Balancing M&A Hunt with Testing Midland’s Shallow Zones
Surge Energy’s Travis Guidry discusses the potential for $1.3 billion in Permian Basin M&A and the company’s quest to grow inventory organically.
Matador Consolidates Midstream Subsidiary, JV in $600MM Deal
Matador is merging its Delaware Basin Pronto Midstream subsidiary with its San Mateo Midstream joint venture with Five Point Energy to showcase assets an analytical firm called "underappreciated."
Shell, Equinor JV to Create UK’s Largest Independent Oil, Gas E&P
The joint venture will produce more than 140,000 boe/d in 2025, Shell said. In the U.K., Equinor currently averages 38,000 boe/d and Shell 100,000 boe/d.