Remove 2020 Remove Basin Remove E&P
article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields. The company also strives to unlock the potential of the Orange Basin.

E&P 130
article thumbnail

Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Oil & Gas 360º

(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). billion in capital since its launch in 2020.

Royalty 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Upstream M&A reached $17 billion in Q1 2025, Enverus says

Oil & Gas 360º

“Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.

Upstream 130
article thumbnail

Upstream M&A sails to $17 billion in 1Q25

Enverus

Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.

Upstream 162
article thumbnail

Exclusive-Energy trader Vitol eyes $3 billion sale of US shale producer, sources say

Oil & Gas 360º

The move aims to capitalize on the fact that the VTX oil and gas business is one of the few remaining privately-owned operators of scale in the Permian basin after the last two years run of dealmaking in the top U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said. billion.

Energy 130
article thumbnail

Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] billion deal represents one of the last significant private positions in the Midland Basin and leaves very few remaining opportunities for mid-sized operators to acquire high-quality inventory. [1]

Operator 130
article thumbnail

Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

The Permian basin has become one of the most productive oil fields in the world, Fig. Take 2020, for example, when a combination of Covid and OPEC+ collapsed global oil markets, causing international chaos and West Texas Intermediate to trade at a negative price. The Texas success story. Learning from the pandemic period.

Oil 130