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These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy. Mach Natural Resources has signed two definitive agreements totaling $1.3
Operators increasingly turn to emerging basins both domestically and internationally, yet production forecasting in these frontier areas remains severely constrained by limited well control and production history. This blog post is based on the technical paper “Can Transfer Learning Be Used to Forecast Production in Frontier Basins?
Current M&A Activity The upstream M&A market kicked off 2025 with a strong showing, reaching $17 billion in total deal value —marking the second-best first quarter since 2018. Smaller deals are still occurring, particularly in conventional plays and areas outside major basins.
The new state law, which took effect June 20, allowed the State Land Office to offer its prime parcels in core of Delaware Basin at market rates. This significantly surpassed the previous sale record of more than $43 million set in 2018 when 35 parcels were offered.
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. from 2018-2024. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. Gatti served on the Board of Helix Energy Solutions Group, Inc.
16 âRegulation (EU) 2024/1735 of the European Parliament and of the Council of 13 June 2024 on establishing a framework of measures for strengthening Europeâs net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724,â Official Journal of the European Union , June 28, 2024.
The Permian Basin’s hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. During his multi-decade career at Pioneer, Hall held leadership roles overseeing development and operational strategy in multiple regions, including the Eagle Ford and Permian Basin.
Perhaps all four are at work today in the wireline industry in the Permian Basin, but certainly the fourth factor—consolidation—is making itself felt. Pintail is headquartered in Midland and is a leading provider of wireline services in the Permian Basin. Esquibel, with his family, bootstrapped Underdog Wireline in 2018.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (“UK MAR”). basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based
shale market aggressively in the early 2010s, acquiring key positions in the Eagle Ford , Haynesville , and Permian basins. petroleum business in 2018, selling its entire shale portfolio — including the MCCARN asset — to BP for $10.5 BHP, a multinational mining and energy company headquartered in Australia, entered the U.S.
Spirit O&G’s acquisition marks a strategic move into mature Permian Basin acreage , consistent with its proven model of optimizing legacy production assets. The PBR status and Permian Basin location make it a strategic fit for Spirit’s PDP-focused operating model. miles on US-87 N, turn right, continue 0.4
The Denver-Julesburg (DJ) Basin continues to stand out as one of the most consolidated and cost-effective oil and gas plays in the U.S. Recent developments including record-setting drilling lengths, regulatory headwinds, and shifting capital strategies are reshaping how major and mid-sized players approach the basin in 2025.
Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. However, activity was disproportionately driven by one company, Diamondback Energy.
The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Despite ongoing price volatilitymarked by repeated declinesdemand for expanded energy markets continues to surge.
Commissioned in mid-2018, the terminal was developed to enhance crude oil gathering, treating, and storage capabilities, providing producers in the Eagle Ford Shale with improved access to key markets such as the Houston Ship Channel and Corpus Christi. The entire expansion was completed within six months, from January to May 2018.
Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
The Permian basin has become one of the most productive oil fields in the world, Fig. In 2018, the Permian boom continued, thanks to the largest find in history. Additionally, there’ve been reports that the Permian basin holds more than 230 Bbbl of oil and 600 Tcf of natural gas. The Texas success story. 3 Future potential.
From a high of 9,053 wells drilled in 2018 to 6,000 wells in 202 4, Texas drilling activity has been anything but static. Yet what followed wasnt a return to boom-bust volatilityinstead, U.S. shale entered its manufacturing era. Between 2021 and 2023, annual well counts stabilized in the 6,0008,000 range , with 2022 peaking at 8,327 wells.
Targeting this area provided for a significantly less expensive acquisition cost for undeveloped locations than what could be found in the Permian while also getting a much less developed asset than what would be available at scale in areas like the Eagle Ford and Williston Basin. billion in 2018.
Rodgers joined APA in 2018 and previously served as SVP, Finance and Treasurer. WhenUSA Compressionacquired CDM in 2018, he transitioned into the Regional Vice President of Operations role, where he led thePermian Basinbusiness unit. The post Permian People June 2026 appeared first on Permian Basin Oil and Gas Magazine.
But it wasnt until Premier John Horgans NDP government introduced tax and regulatory incentives in 2018 that Shell and its global partners approved the final investment. Premier Christy Clark began promoting LNG as a pillar of provincial growth.
Maverick, based in Houston, focuses on oil and gas production primarily in Texas and Oklahoma, including assets in the Western Anadarko Basin. Maverick emerged from the restructuring of Breitburn Energy Partners following its bankruptcy in 2018. Meanwhile, Diversified Energys CEO, Rusty Hutson Jr.,
The M&A summary follows Enverus release of Investor Analytics , a tool designed to offer investors a comprehensive view of key market dynamics.Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
As a whole, the oil patch is a tight-knit community, especially in the Permian Basin, where almost everyone is in the business one way or another. He opened Tuttles Precision Arc in April of 2018, renting space from the friend. The post Welded Together appeared first on Permian Basin Oil and Gas Magazine.
Starting Small, then Growing by Leaps and Bounds Early in the shale revolution, before about 2012, 5000-foot laterals were the new and challenging thing in the Permian Basin. Averages of 10,000 were standard by 2018, when 12,500 became the new norm, LeBlanc observed. Three milesabout 15,000 feetbegan trending in about 2023.
5, 2018, at the New York Stock Exchange, where they rang the closing bell. The post A Believer in This Business appeared first on Permian Basin Oil and Gas Magazine. Miller (front, enter) and other Halliburton leaders celebrate 100 years of teh oilfield service giant on Nov.
Total, for instance, started production from one of the most significant newly discovered offshore fields in Nigeria Egina at the end of 2018 with plans to ramp up production to 200,000 BPD. The proposals got approved as amendments to the 1993 Deep Offshore and Inland Basin Production Sharing Contractin October.
Energy Transfer has been a partner of the Rangers since 2018. JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin.
In 2018, U.S. Energy Independence on the Horizon During his first term, Trump championed policies that helped the United States achieve energy independence while becoming a net-exporter of crude oil. crude oil production became number one in the world , surpassing Saudi Arabia and Russia.
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