If you were a human little kid “back in the day,” there was no better snack than Cracker Jacks. Aside from its caramel-coated popcorn and peanuts, every box contained a prize. For Midland, Texas-based Permian Resources (PR), this year’s 1Q offered up the company’s latest batch of popcorn and peanut goodness in the form of Permian hydrocarbons, along with a prize in the form of a strategic acquisition that adds to their envious Delaware position....

Wyoming’s Wamsutter Field sprawls 2,000 square miles across two counties on the eastern side of the Green River Basin. Discovered in the late 50s, the Wamsutter is a natural gas giant, attracting some of the nation’s largest midstreamers over the years to gather, process, and transport abundant production. Tulsa-based Williams is one of them. You can now add upstream to their repertoire. ...

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. ...

Midstream steals the show again this week with news of a triple-whammy in the pipeline acquisitions department, and the secret negotiations playing out on a massive pipeline LNG project that’s been considered all but frozen to death. ...