INPEX is set to receive operatorship of the field with 74% interests, with TotalEnergies the balance from PTTEP.
As Permian Resources acquires Earthstone Energy for $4.5 billion—and prioritizes investment in the Delaware Basin—Earthstone’s Midland Basin assets could hit the market.
The deal, which comes after extensive M&A by Earthstone, will increase Permian Resources’ leasehold to more than 400,000 net acres and its production to 300,000 boe/d.
As various areas of the U.S. return to school, here's a recap of what's been going on in the publicly traded stock side of the midstream space.
Canada’s TC Energy is seen to have sold equity in the premium asset to offset $60 billion in debt, leading to a slide in stock prices.
US Minerals II LLC has retained EnergyNet for the offering of non-producing minerals in various Texas counties.
EQT’s $5.2 billion acquisition of Appalachian Basin upstream and midstream assets was approved after some regulatory intervention from the Federal Trade Commission.
HF Sinclair’s agreement, worth roughly $1.3 billion, provides Holly Energy unitholders with stock and cash consideration.
Ring Energy closed on an acquisition of approximately 3,600 net acres in Ector County, Texas from Founders Oil & Gas IV LLC.
FCI’s product portfolio along with its forging capabilities will allow the combined platform to serve a wider range of customers.