Matador Resources Co. has bolted on its largest deal yet in the Permian Basin in an agreement to acquire Advance Energy Partners Holdings LLC, with assets in New Mexico and West Texas. The independent is providing an initial cash payment of $1.6 billion, with an additional $7.5 million total paid monthly in 2023 if the…
Articles from Advance
Traders Eye Buying Opportunity; November Called Flat
November natural gas is set to open unchanged at $3.02 Friday morning as weather forecasts can only muster nominal changes in the near-term outlook. Overnight oil markets eased.
EDF Calls For Expanding Clean Car Standards as EPA Review Nears
The Obama administration’s upcoming review of 2017-2025 model year light-duty vehicle fuel-efficiency and emission standards needs to be reaffirmed and continued, representatives from the Environmental Defense Fund (EDF) said Monday.
Bulls Take A Breather; July Called 5 Cents Lower
July natural gas is expected to open 5 cents lower Friday morning at $2.57 as bulls consolidate their gains following Thursday’s hefty advance, and mull a vulnerable seasonal environment. Overnight oil markets fell.
Stay Long, Trader Says; July Seen A Penny Higher
July natural gas is expected to open a penny higher Friday morning at $4.77 as traders see a continuing storage deficit and no reason to not keep working this market from the long side. Overnight oil markets gained.
All Eyes On Weekly Inventory Stats; June Seen A Penny Higher
June natural gas is set to open a penny higher Thursday morning at $4.48 as traders hone their short-term trading algorithms and expect the season’s second triple-digit increase in working gas inventories. Overnight oil markets were mixed.
Seasonality Cited For Puzzling Cash, Futures Advance
Cash and futures posted strong gains with nearly all points into the black, some in double-digits.
Cash, Futures Ease, But Trader Sees Seasonal Advance
Nearly all active physical natural gas trading points declined Friday weekend and Monday delivery. The average setback was 8 cents, with Rockies points dropping a dime and losses at New England points closer to a nickel.
Halliburton, Nuverra Launch Produced Water Services in Bakken
Halliburton Co. is teaming up with Nuverra Environmental Solutions Inc. in the Bakken Shale to advance a produced water recycling project for unconventional oil and natural gas drillers.
Delaware Basin Chairman Addresses Growing Calls For Action
Delaware River Basin Commission (DRBC) Chairman Michele Sierkerka said the organization is working to advance natural gas regulations in the basin, with “thousands of hours” logged so far by its staff and those of its member states on the process since November 2011.