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PDC Energy Inc. said Monday it agreed to buy Denver-Julesburg (DJ) Basin operator Great Western Petroleum LLC in a $1.3 billion cash-and-stock deal that would “materially” boost its holdings in Colorado’s Wattenberg field. The Denver-based PDC said the deal, which includes $500 million in net debt, would be financed by issuing about four million shares…

Permian Basin pure-play Earthstone Energy Inc. is on an acquisition tear,  announcing Monday it is scooping up West Texas-focused private Bighorn Permian Resources LLC for around $860 million. Earthstone, headquartered in The Woodlands north of Houston, agreed to pay $770 million cash and trade 6.8 million shares valued at $90 million for the Permian Midland…

Crestwood Equity Partners LP said Tuesday it has agreed to pay $1.8 billion in equity and cash, including debt, for Oasis Midstream Partners LP, expanding its foothold in two of the Lower 48’s prized oil basins.  The deal expands Crestwood’s midstream footprint in the Williston Basin and the Permian Basin’s Delaware sub-basin. The firms said…

Aerial methane measurements taken during August in the Permian Basin indicate the oil and gas industry continues to have issues in controlling flaring and venting, the Environmental Defense Fund (EDF) said Thursday. The EDF’s ongoing Permian Methane Analysis Project, aka PermianMAP, is collecting methane emissions from the air, via towers and on the ground across…

WaterBridge Holdings LLC is continuing to build on its extensive portfolio of produced water infrastructure in the Permian Basin. Backed by private equity firm Five Point Energy, the midstream company recently completed a transaction to acquire Colgate Energy LLC assets in the Delaware sub-basin that it snagged in June from Occidental Petroleum Corp. (Oxy). Financial…

Dallas-based midstreamer LM Energy Holdings LLC through its subsidiary LM Touchdown Crude III LLC is testing support to obtain commitments to expand its crude oil gathering system in the Permian Basin of New Mexico. The binding open season to expand the system in the Delaware sub-basin was launched on Monday and concludes May 12. “Despite…

Permian Basin-focused Matador Resources Co. has seen some of the highest initial potential (IP) rates from one of four wells recently completed and turned to sales in the Stateline asset area in Eddy County, NM. The Dallas-based operator said Tuesday the test results from the Boros No. 215H well showed 24-hour IP production of 4,584…

Northern Oil and Gas Inc., which up to now has kept its focus on the Williston Basin, said it has acquired a working interest in Permian Basin acreage operated by EOG Resources Inc. On the deal, Northern revised higher its third quarter production guidance to 25,000-30,000 boe/d. Minnetonka, MN-based Northern said it expects production from…

Tulsa-based NGL Energy Partners LP has signed a long-term extension and expansion of an acreage dedication with an existing customer in the Permian Basin.  The agreement with an undisclosed customer is for an operating area in New Mexico’s Lea and Eddy counties within the Delaware sub-basin, NGL said. The acreage dedication through 2027 was increased…