Permian Basin

Earthstone’s Permian Conquest Marches On with $627M Titus Acquisition

Earthstone’s Permian Conquest Marches On with $627M Titus Acquisition

Earthstone Energy Inc. is continuing its Permian Basin acquisition spree with plans to purchase the assets of privately held Titus Oil & Gas Production LLC in the New Mexico portion of the Permian Basin in a $627 million cash-and-stock deal. Located in the northern portion of the Delaware sub-basin, the assets produced 31,800 boe/d (65%…

July 1, 2022
Execs from Louisiana to New Mexico Gaze into Natural Gas, Oil Pricing Crystal Ball

Execs from Louisiana to New Mexico Gaze into Natural Gas, Oil Pricing Crystal Ball

Natural gas and oil industry executives across Texas, northern Louisiana, and southern New Mexico expect a Henry Hub natural gas price of $7.55/MMBtu and a West Texas Intermediate (WTI) oil price of $108/bbl by the end of this year, according to the Federal Reserve Bank of Dallas. The Dallas Fed, as it is known, obtained…

June 30, 2022
Targa Strikes $3.5B Deal to Buy Lucid, Expand Permian Delaware Footprint

Targa Strikes $3.5B Deal to Buy Lucid, Expand Permian Delaware Footprint

Houston-based Targa Resources Corp. has clinched an agreement to buy Lucid Energy Group’s Permian Basin Delaware natural gas processing business, which would add 1,050 miles of pipeline and 1.4 Bcf/d of capacity.The all-cash deal for Lucid Energy Delaware LLC, valued at $3.55 billion, was reached with sponsors Riverstone Holdings LLC and Goldman Sachs Asset Management.…

June 17, 2022
Canes Midstream Snaps Up Sizeable Permian Midland Asset Package

Canes Midstream Snaps Up Sizeable Permian Midland Asset Package

Private equity-backed Canes Midstream LLC said Wednesday it has closed on its acquisition of Permian Basin midstream firm Cogent Midstream LLC. Located in the southern portion of the Permian’s Midland sub-basin, the Cogent assets include 520 MMcf/d of natural gas processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering system,…

May 27, 2022
Oxy Prepared for Volatile Year, but Some Oil, Gas Producers Not So Lucky, Says Hollub

Oxy Prepared for Volatile Year, but Some Oil, Gas Producers Not So Lucky, Says Hollub

U.S. oil and gas producers that weren’t prepared to get down to business as prices rose may be out of luck, Occidental Petroleum Corp. CEO Vicki Hollub said Wednesday. Hollub helmed a first quarter conference call, joined by CFO Robert Peterson and Richard Jackson, president of U.S. Onshore Resources and Carbon Management. They shared with…

May 13, 2022
Texas Natural Gas, Oil Drilling Permitting Jumps 38% in February

Texas Natural Gas, Oil Drilling Permitting Jumps 38% in February

The Railroad Commission of Texas (RRC) reported that it issued 38% more original drilling permits year/year across the Lone Star State in February. The natural gas and oil industry regulator granted 836 drilling permits in February, compared to 606 during the same month last year. Texas, particularly the Permian Basin, has been leading “the U.S.…

April 5, 2022
Targa Consolidating Permian Natural Gas Gathering Footprint with Southcross Acquisition

Targa Consolidating Permian Natural Gas Gathering Footprint with Southcross Acquisition

Targa Resources Corp. said Thursday it has signed agreements to acquire Southcross Energy Operating LLC and its subsidiaries in South Texas for $200 million in a deal that will consolidate Targa’s natural gas gathering and processing footprint. The Southcross assets include a currently idle 200 MMcf/d natural gas processing plant, Houston-based Targa said. Through the…

March 18, 2022
Appalachia on Pace to Lead Lower 48 Natural Gas Output Growth in April, Says EIA

Appalachia on Pace to Lead Lower 48 Natural Gas Output Growth in April, Says EIA

Led by incremental growth in the Appalachian Basin, major Lower 48 drilling regions are set to raise natural gas output by more than 500,000 MMcf/d in April, according to updated modeling from the Energy Information Administration (EIA). Total natural gas production from seven key U.S. regions will grow by 594 MMcf/d month/month to reach an…

March 14, 2022
Apache Ramping Up Permian Emissions Monitoring

Apache Ramping Up Permian Emissions Monitoring

Houston-based Apache Corp. is expanding its partnership with LongPath Technologies Inc. to build its continuous methane emissions monitoring in the Permian Basin. The APA Corp. subsidiary first partnered with LongPath last fall to use its monitoring systems at dozens of Apache drilling sites. Now, the Houston-based independent plans to employ LongPath’s monitoring systems for about…

March 11, 2022
PDC Energy to Acquire DJ-Focused Great Western for $1.3B

PDC Energy to Acquire DJ-Focused Great Western for $1.3B

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…

February 28, 2022
‹ Previous 1 2 3 16