Remove Basin Remove BBL Remove E&P
article thumbnail

Prairie Operating Co. secures strong cash flow with strategic hedging program ahead of market downturn

Oil & Gas 360º

bbl WTI and $4.28/MMBtu The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu Prairie Operating Co.

Operator 130
article thumbnail

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

Enverus

Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target.

Upstream 162
Insiders

Sign Up for our Newsletter

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

article thumbnail

Zephyr Energy announces initial results from State 36-2R well evaluation Williston Project and Zephyr Hawk update

Oil & Gas 360º

In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the The Company hedged a total of 18,000 barrels of oil (“bbls”) in Q1. net wells).

BCF 130
article thumbnail

EOG Resources Acquires the “Unicorn” of the Eagle Ford

Oil Gas Leads

2025 Oil Production (bbl) Marathon Oil 641,000 EOG Resources 593,000 ExxonMobil (XTO Energy) 344,000 Crescent Energy (Javelin) 189,000 This move strengthens EOGs competitive positioning in an already active county and sets up the company for continued long-lateral drilling in one of North America’s most prolific shale plays.

Basin 52
article thumbnail

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

Permian Basin Oil and Gas Magazine

Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target.

article thumbnail

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. The Board of Directors will consist of eleven members, made up of seven directors from Whitecap and four directors from Veren. billion 1.

Energy 130
article thumbnail

Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

poised to expand LNG export capacity , interest in gassy basins has surged. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S. Bcf/d by 2026.

Gas 52