Posted on February 19, 2025
Crude Oil, Mergers & Acquisitions, Natural Gas, Natural Gas Liquids - NGLs, Permian

The wildly successful Double Eagle Energy last May set tongues wagging on news it was exploring a sale of its Permian assets that could potentially fetch $6.5 billion. Three years into its iteration as Double Eagle IV, co-founders and co-CEOs Cody Campbell and John Sellers had built one of the most coveted, privately held positions in the Midland. This, after selling Double Eagle III in 2021 to Pioneer Natural Resources for $6.4 billion. ...

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Posted on February 13, 2025
Anadarko Basin, Company Spotlight, Crude Oil, Eagle Ford, Mergers & Acquisitions, Mid-Continent

In what was described as a “surprise move” by Okla. City-based Devon Energy back in 2022, the company made a bolt-on acquisition that further expanded its Eagle Ford position with the purchase of Denver-based Validus Energy. The $1.8 billion deal included 42,000 net acres, 35 MBOED (70% oil), 350 repeatable drilling locations, and 150 refrac candidates. In an epic score, Validus pocketed double the price it paid for those assets just a year before. While it might’ve been a see-you-later-bye to South Texas, the company’s exit there hardly marked the end of Validus....

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Posted on January 21, 2025
AI - Data Centers, Crude Oil, Electrical Power, Export Terminals, LNG, Midstream, Natural Gas, Pipelines

Yesterday’s inauguration has officially put the sizzle back into American oil and gas. After four long years, the atmosphere today is feeling positively electric for producers, midstream operators, LNG developers, and their plans and developments. We know it has for our colleagues and clients with projects in the queue....

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Posted on January 16, 2025
Company Spotlight, Crude Oil, Natural Gas, Permian, San Juan Basin, Williston Basin

The San Juan Basin extends 7,500 square miles across northwest N.M., and southwest Colo. Natural gas was first discovered here in 1921. Now a spry age of 104, it remains one of the nation’s oldest producing areas with sedimentary rock dating back to mid-Paleozoic times and a collision of supercontinents. ...

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Posted on January 14, 2025
Bakken, Crude Oil, Gas Plants, Gathering Systems, Mergers & Acquisitions, Midstream, Natural Gas, Pipelines

A few weeks ago, Reese Energy Consulting shared news on a nonbinding open season to gauge interest in the proposed 375-mile Bakken East Pipeline project—an idea coddled for 10 years—which would flow natural gas east to near Fargo, N.D. Since our post, we’ve followed the latest from the Williston Basin, where Kinder Morgan, the deeper middle Three Forks formation, and CO2 enhanced oil recovery are making lots of noise worth a listen. ...

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