In South Texas—Land of the Eagle Ford and Austin Chalk—high-quality, undrilled inventory is about as scarce as a hare with horns. M&A competition for prime assets here is rubber band tight as producers look outside the Permian for diversity, cost efficiencies, and proximity to Gulf Coast export facilities....
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It might’ve cost an arm and a leg—not to mention many billion bucks—for Houston-based Chevron to finally get the keys to its stake in Guyana following its acquisition of Hess in 2023. But after all the disputes, hair pulling, and lawyers growing fat, the world’s second-largest oil and gas operator behind ExxonMobil, Chevron finds itself in a most fascinating situation. ...
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There are inevitable changes that come with oil and gas mergers, large and small. Certainly, those within the scope of Okla. City-based Devon Energy and Houston-based Coterra Energy, a $58 billion combination that will likely create the second-largest independent E&P following ConocoPhillips. ...
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Following last week’s $7.53 billion Mitsubishi Corp’s acquisition of Aethon Energy’s Haynesville gas assets, more mergers of equals are rumored to be in the works and predicted to accelerate this year....
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Leave it to a global oil event to suck all the oxygen out of the world’s newsrooms. And so it has again. The U.S. capture of Venezuelan President Nicolấs Maduro and his missus from their fortified Caracas compound has attracted more attention than a rat on a Cheeto....
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Among the largest privately held oil and gas companies today, few can claim witness to the Dust Bowl, fatal undoing of Bonnie and Clyde, and peak of the Great Depression. The year was 1934 when H.L. Hunt founded Hunt Oil after major discoveries in East Texas. ...
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