More Top Stories in Shale Plays

Natural Gas, Exploration & Production, DUG Haynesville, Acquisitions & Divestitures

DUG GAS+: Chesapeake in Drill-but-don’t-turn-on Mode

COO Josh Viets said Chesapeake is cutting costs and ready to take advantage once gas prices rebound.

March 28, 2024

Acquisitions & Divestitures, Shale Plays

Elk Range Royalties Makes Entry in Appalachia with Three-state Deal

NGP-backed Elk Range Royalties signed its first deal for mineral and royalty interests in Appalachia, including locations in Pennsylvania, Ohio and West Virginia.

March 28, 2024

Acquisitions & Divestitures, Shale Plays, Crude Oil, Natural Gas

Dallas Fed Energy Survey: Permian Basin Breakeven Costs Moving Up

Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.

March 27, 2024

Natural Gas, Acquisitions & Divestitures, DUG Haynesville

Green Light: NatGas Industry Just Fine, TG Natural Resources CEO Says

Craig Jarchow, president and CEO of TG Natural Resources, updated the integration status of its $2.7 billion acquisition of Rockcliff Energy and addressed macro concerns about the natural gas business at Hart Energy’s DUG GAS+ Conference and Expo in Louisiana.

March 27, 2024

Acquisitions & Divestitures, Gathering & Processing, Storage

ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity

ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.

March 26, 2024

Investment, Acquisitions & Divestitures

Matador Stock Offering to Pay for New Permian A&D—Analyst

Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.

March 26, 2024

Joint Ventures, Pipelines, Liquefied Natural Gas (LNG), Natural Gas

‘Unexpected’ JV to Move Permian NatGas to Gulf Coast LNG Terminals

A trio of midstream companies—Enbridge, Whitewater and MPLX—will work together to build infrastructure to transport Permian Basin natural gas to Gulf Coast LNG terminals.

March 26, 2024

Acquisitions & Divestitures, Mergers, Exploration & Production

Sold in 66 Days: Inside the Diamondback-Endeavor Deal

Diamondback Chairman and CEO Travis Stice first offered “at least $25 billion” for Endeavor Energy Resources on Dec. 8. The deal closed just weeks later for $26 billion.

March 26, 2024

Pipelines, Business

Matador Completes NatGas Connections in Delaware Basin

Matador Resources completed natural gas pipeline connections between Pronto Midstream to San Mateo Midstream and to Matador’s acreage in the Delaware Basin.

March 25, 2024

Crude Oil, Acquisitions & Divestitures, Shale Plays, CERAWeek

Exxon, Vitol Execs: Marrying Upstream Assets with Global Trading Prowess

Global commodities trading house Vitol likes exposure to the U.S. upstream space—while supermajor producer Exxon Mobil is digging deeper into its trading business, executives said at CERAWeek by S&P Global.

March 24, 2024