While the window may be closing on more gazillion-dollar deals to be had in the Permian, save for Exxon breathing dragon fire on Oxy with a Mewbourne Oil and Gas chaser, the next wave of land grabs could soon emerge from the noncore assets inherited with those mergers....
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The OGs of early-day Chesapeake Energy are no doubt excited by the news the company will now become the nation’s largest natural gas producer. In a $7.4 billion all-stock deal guided by CEO chess master Nick Dell’Osso, CHK gets the keys to Southwestern Energy, the title of U.S. Gas King, and a combined valuation of nearly $17 billion. ...
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This just in: E&Ps testing the Barnett Formation in the Permian’s Midland are reporting higher oil recoveries and lower break evens than other Tier 2 zones. ...
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An anonymous tattletale reports that yet another big shale cat is on the Permian Prowl. ...
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To know oil and gas producer Tom Ward is to understand his dyed-in-the-denim Okla., roots and the legacy he calls all his own. ...
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The upstream M&A trend continues this year with producers focused on consolidating their existing portfolio positions in core operating basins. Deals made in 1Q totaled a sleepy $8 billion but jerked to life in 2Q with 20 acquisitions for a combined $24 billion. ...
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