Houston-based E&Ps Magnolia Oil & Gas and Wildfire Energy may well be on tenterhooks awaiting a thumbs-up for the former to acquire the latter. The Eagle Ford players are said to have been in talks since May with Magnolia emerging the front-runner in the bid process. But the potential $4 billion deal faces a hurdle or two to be cleared before Magnolia can lay claim to the third largest acquisition of 2026....
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In a time of war, the U.S. has now become the world’s largest crude oil exporter, surfing a wave of 50% higher prices depending on the day. Meanwhile in the Permian, there’s an infrastructure crisis preventing record volumes of natural gas to reach demand centers and Gulf Coast export markets when gas has never been needed most. ...
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Some small-town Texas boys working as farmhands on family land have dreams of something bigger or altogether different for their future. Mike Howard was one of those back in his childhood....
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In case you missed it, the second-deepest natural gas well ever drilled in U.S. history has recently been completed in St. Martin Parish, La. ...
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If you missed the Williston Basin Petroleum Conference last month in Bismark, N.D., you might not know that the Day 2 topic, “Bakken 2.0: Crack the Code,” sizzled like bacon in a hot skillet. Crack the Code is a multi-layered, $157 million research effort led by Sen. John Hoeven to double oil recovery in the Bakken and extend the life of coal-fired power plants in N.D., using captured CO2 for Enhanced Oil Recovery (EOR). ...
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It goes without saying the soaring price of crude oil and wild price swings have producers rethinking their capital budgets and drilling programs this year. While some operators are focused on capital discipline and shareholder returns amid the Mid-East conflict, others are set to ride the wave of higher prices by expanding operations, boosting production, and adding rigs. ...
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