The Latest

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.

OEP Completes Acquisition of TechnipFMC’s Measurement Solutions Business

One Equity Partners said TechnipFMC’s measurement solutions business will be rebranded as Guidant and specialize in measurement technology, automation solutions and global systems.

PE Investors Scoop Up Offshore Services Provider Acteon Group

Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.

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.

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.

Phillips 66 Explores Sale of Pipeline Stake Worth Over $1B, Sources Say

The Rockies Express Pipeline is a 2730-km interstate natural gas pipeline stretching from Wyoming and Colorado in the West to Ohio.

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.

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.

ChampionX to Acquire RMSpumptools, Expanding International Reach

ChampionX said it expects the deal to extend its reach in international markets including the Middle East, Latin America and other global offshore developments.

Clean Harbors Closes $400MM Acquisition of HEPACO

Clean Harbors acquired HEPACO for $400 million, adding complementary services for environmental remediation and emergency response in the Eastern U.S.