DNOW Closes Cash Acquisition of Water Service Company Trojan Rentals

DNOW Inc.’s acquisition of Trojan Rentals LLC is its third purchase aimed at providing a holistic water management solution to the market, the company said.

Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway

With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.

Valveworks Adds Choke Product Offerings with Lancaster Acquisition

Valveworks USA is acquiring Lancaster Flow Automation to add choke and flow-control automation technology to its product offerings.

TotalEnergies Pauses Business with Adani, Says it was Not Aware of US Investigation

French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Ltd., it said on Nov. 25, adding it will stop financial contributions to its Adani Group investments following last week's indictment.

EQT, Blackstone Credit Enter $3.5 Billion Midstream Joint Venture

Blackstone Credit & Insurance entered a joint venture with EQT Corp. to take a non-controlling interest in the Mountain Valley Pipeline and other infrastructure from the Equitrans transactions for $3.5 billion.

ONEOK Announces $4.3B Deal to Acquire Remaining EnLink Stock

ONEOK’s deal to acquire the remaining stake in EnLink is expected to close in the first quarter of 2025.

ConocoPhillips: Longer Laterals Coming to Delaware Basin After Marathon Close

After closing a $17.1 billion acquisition of Marathon Oil, ConocoPhillips’ Delaware Basin leader sees opportunities to drill longer laterals and investigate secondary benches underground.

LandBridge Closes Deal for 5,800 Acres in New Mexico's Delaware Basin

LandBridge said it announced or closed acquisitions totaling 53,080 acres in fourth-quarter 2024.

ConocoPhillips Completes $22.5B Acquisition of Marathon

ConocoPhillips CEO Ryan Lance said he expects synergies of more than $1 billion on a run rate basis over the next 12 months.

RWE Acquires Majority Interest in R3 Renewables

RWE said it will acquire seven potential renewable projects in Indiana and Illinois.