Coming off Q3, upstream and midstream players have pounced on opportunities that add oomph to their asset portfolio or waved bye-bye to basin footprints in the name of new strategic directions. Reese Energy Consulting today is following the latest moves and near end-of-year decisions announced over the last five days that, in many cases, reshuffle the deck for those looking to exit, double down, or reprioritize assets to come out swingin’ in 2027.  

News of acquisitions and divestitures shared in Q3 reports have set the stage for game plans going forward. Such is the case with Houston-based Crescent Energy and Denver-based Ovintive. Crescent has announced $700 million in deals to sell its Barnett shale, Rockies, and Midcontinent assets to pay down debt from its $3.1 billion buy of Permian producer Vital Energy in August. The company will now operate in the Permian, Eagle Ford, and Uinta. Ovintive will double down in Canada’s Montney in a $2.7 billion deal that expands its oil-rich Alberta position along with plans to bow out of the Anadarko Basin where it’s operated since 2014.

Houston-based Amplify Energy says it has eyes on other prizes. After shedding its East Texas and Eagle Ford assets this summer, the company will now exit the Anadarko in a final farewell for $92.5 million to put all eyeballs on assets in Wyo., and Calif.

Last but hardly least, Houston-based Plains All American is now the whole-hog owner of the 700-mile EPIC crude pipeline stretching from Orla, Texas, to Corpus Christi, buying out its remaining stakeholder for $1.33 billion.