After snapping up the largest, privately held, pure-play operator in the Midland last February, Texas-based Diamondback Energy (FANG) emerged a Permian force of nature....
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For producers and midstreamers that have made multi-billion-dollar acquisitions in the era of consolidation now two years in, slashing debt is front and center if a CEO hopes to sleep at night and keep a happy face on their debt-to-capital ratio. ...
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Might Texas-born Bob Simpson be looking to build back the Williston Basin powerhouse he created more than a decade ago? Back in 2010, the company Simpson founded in 1986—XTO Energy—merged with Exxon in a $41 billion all-stock deal pronounced one of the largest transactions in history for an independent oil and gas company. ...
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Big news happening in Reese Land to buy and sell non-core midstream assets. ...
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Okla-City-based Chesapeake Energy has announced a company name change following this year’s $7.4 billion merger with Southwestern Energy that’s expected to close next week. The combo creates the nation’s largest natural gas producer upsetting EQT’s number one position it’s held since 2017....
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Gene Shepherd is packing a punch in the Permian’s southern Delaware hood, where drilling rigs and pumpjacks operated by neighbors like Diamondback Energy, Continental Resources, and XTO, mechanically hum their tunes in cadences that can either lullaby a producer to sleep or keep him mercilessly awake at night....
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