Midland Basin
Shale Plays , Acquisitions & Divestitures
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
Acquisitions & Divestitures , Service & Supply
The JF Petroleum Group Acquires General Contractor GE Goodson Service
Following the transaction, GE Goodson will operate as The JF Petroleum Group’s Midland branch on a go-forward basis.
Exploration & Production , Shale Plays , Acquisitions & Divestitures
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
Lease Sales
Marketed: Rock Oil Holdings Mineral, Royalty Opportunity in Midland Basin
Rock Oil Holdings has retained PetroDivest Advisors for the sale of a mineral and royalty opportunity in Howard County, Midland Basin.
Shale Plays , Exploration & Production , Acquisitions & Divestitures , Crude Oil
Mighty Midland Still Beckons Dealmakers
The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.
Natural Gas , Natural Gas liquids (NGL) , Field Development
Enterprise Increasing Permian NatGas Production
Enterprise Products Partners began service on two natural gas plants: the Leonidas in the Midland Basin and the Mentone 3 in the Delaware Basin, each with a capacity to process 300 MMcf/d of natural gas and 40,000 bbl/d of NGLs.
Shale Plays , Crude Oil , Exploration & Production
Life on the Edge: Surge of Activity Ignites the Northern Midland Basin
Once a company with low outside expectations, Surge Energy is now a premier private producer in one of the world’s top shale plays.
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.
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.
Exploration & Production , Mergers , Acquisitions & Divestitures
For Sale, Again: Oily Northern Midland’s HighPeak Energy
The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.