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Upstream M&A hits the brakes, slowing to $14 billion

Enverus

Value was heavily driven by just two large transactions – EOG’s purchase of Encino Acquisition Partners in the Utica and Viper Energy Partners rare public mineral merger with Sitio Royalties. Combined, these two transactions accounted for over 75% of second quarter deal value.

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Mesa Royalty Trust Announces Trust Income for July 2025

Oil & Gas 360º

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Industry Bodies Look at Texas Upstream Employment in May

Rigzone

In the statement, TXOGA noted that, “since the Covid-low point of September of 2020”, the sector has added 51,200 Texas upstream jobs, which TXOGA pointed out is a 33.7 percent increase and an average growth of 875 jobs per month. It was founded in 1919.

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USA Upstream M&A Decelerates in Q2

Rigzone

“Value was heavily driven by just two large transactions - EOG’s purchase of Encino Acquisition Partners in the Utica and Viper Energy Partners' rare public mineral merger with Sitio Royalties,” it added. billion, followed by the Viper Energy Partners - Sitio Royalties deal with a value of $4.06

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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). In February 2025, NGP and the Elk Range team established Elk Range Royalties III.

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BOEM proposes oil, gas lease sale for 80 million acres in Gulf

Oil & Gas 360º

Leases awarded through Sale 262 would be limited to exploration and development; areas withdrawn by a 2020 presidential order, portions near the Eastern Gap and the Flower Garden Banks National Marine Sanctuary remain off-limits.

Oil
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Elk Range Royalties follows Permian acquisition with 250,000 net acres from Oxy

Permian Basin Oil and Gas Magazine

Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. billion in capital since its launch in 2020, including assets in Permian Basin and Eagle Ford in Texas. Elk has deployed more than $1.2