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....
Read More
Okla. City-based Devon Energy and neighbor Expand Energy apparently don’t share a bat phone....
Read More
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. ...
Read More
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. ...
Read More
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....
Read More
In a 2017 Forbes article, writer Robert Rapier escorted the magazine’s audience on a fascinating tour of “How the Shale Boom Turned the World Upside Down”. If you recall, the nation’s oil and gas production had long ago peaked with conventional drilling and by 2005, we were in a full-blown energy crisis highly dependent on Venezuela and Saudi Arabia oil imports. And natural gas? Well, the only solution here with certainty according to one energy investor was “to pray.” ...
Read More