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With this step, we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet. The return of a public Company to the basin underscores the deep value and long-term potential of the asset. Register to attend.
Mach Natural Resources has signed two definitive agreements totaling $1.3 October 2024: Closed two deals totaling $136 million, expanding its Anadarko Basin and Ardmore Basin holdings. billion , marking a major strategic move beyond its traditionally Oklahoma-focused operations.
Register to attend. (Cowboy State Daily) – A revolution in drilling technology is transforming Wyoming’s Powder River Basin, turning what was once an economically challenging oil play into a more promising frontier, according to energy insiders and locals watching it unfold. The revolution centers on horizontal drilling.
OKLAHOMA CITY–(BUSINESS WIRE)–Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC (“Sabinal”), and another to acquire entities owning oil and gas assets managed by IKAV Energy Inc (collectively (..)
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?
Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Mach Natural to Acquire Assets in Permian, San Juan Basins by Rocky Teodoro | Rigzone Staff | Tuesday, July 15, 2025 | 8:00 AM EST The transactions are expected to close during the third quarter, each with an effective date of April 1, 2025.
EOG Resources has entered into a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion, including net debt, in a transaction that significantly strengthens EOG’s position in the Utica Shale. The sellers are Canada Pension Plan Investment Board (CPP Investments) and Encino Energy. billion in new debt and $2.1
Boosted by recovering natural-gas prices and the global energy transition, the Haynesville basin has become a hub for recent M&A activity: e.g., Citadel’s $1.2 billion acquisition of Paloma Natural Gas and Tokyo Gas’s 70% stake in Chevron’s Haynesville assets. Keep an eye on July–August updates for a definitive outcome.
“In addition, the two companies will strengthen collaboration in the field of renewable energy and energy transition, namely through the definition of new initiatives” The MoU was signed during the Italy-Algeria intergovernmental summit in the presence of Algerian President Abdelmadjid Tebboune and Italian Prime Minister Giorgia Meloni.
A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Eagle Ford and Permian basins each dropped three rigs, the Granite Wash basin dropped one rig, and the Cana Woodford and Haynesville basins each added two rigs. In the research note, the J.P.
basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based based oil sector investor (the ‘Investor’) to accelerate growth through the drilling activity in Zephyr’s Williston Basin non-operated asset portfolio.
Through definitive agreements to acquire oil and gas assets from Sabinal Energy, LLC and IKAV Energy Inc. Mach is entering the Permian Basin and San Juan Basin , complementing its existing Mid-Continent operations. Mach Natural Resources LP has announced two major acquisitions totaling $1.3 million net acres —a 33% increase.
Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. The headquarters will be positioned in the Permian Basin but will be responsible for investigations statewide.
A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Permian basin dropped two rigs, the Granite Wash basin cut one rig, the DJ-Niobrara basin added three rigs, and the Cana Woodford, Eagle Ford, Haynesville, and Mississippian basins each added one rig.
There are numerous definitions depending on the application and situation. Whatever definition you prefer to go with, every job has some of the elements previously described. The post Mental Health is Also Health appeared first on Permian Basin Oil and Gas Magazine.
AI provides this definition for those of you who do not know what house-poor means. Email: micheleharmon1@gmail.com. The post Financial Maturity or Lack of appeared first on Permian Basin Oil and Gas Magazine. In other words, buy a practical vehicle, do not be house-poor, and remember that things break.
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. Other companies may use different definitions of Adjusted Free Cash Flow. ABOUT RING ENERGY, INC.
ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2
NYSE:STR) (Sitio) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 Pro forma Viper is now clearly a must-own public mineral and royalty company in North America, with attractive size and scale in the Permian Basin.
A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Granite Wash basin dropped one rig and the Permian basin dropped one rig. “The rig count in the five major tight oil basins - we use the EIA [U.S. “The U.S.
The Barnett Zero Project in North Texas has sequestered over 200,000 tons of CO 2 equivalent since start up in November 2023, and the Eagle Ford Project in South Texas is forecasted to achieve an initial injection in the first half of 2026, subject to receipt of all required permits and execution of necessary definitive agreements.
TSX: SCR) has announced definitive agreements to sell nearly all of its Montney assets through three transactions: Kakwa to ARC Resources $1.695B Grande Prairie to undisclosed buyer $850M Groundbirch to Tourmaline $291.5M Strathcona Resources Ltd.
A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Cana Woodford basin dropped three rigs, the Ardmore Woodford basin cut one rig, and the Haynesville basin added one rig. “The rig count in the five major tight oil basins - we use the EIA [U.S.
One of the more controversial requirements in the proposed rule, the “basin-level” definition of an onshore production facility, remains largely unchanged in the final rule. EPA did include language that explicitly limits the basin-level definition to the GHG Reporting Rule.
This model uses 11,176 horizontal wells in the Delaware Basin with the following characteristics (Figure 1), and the following input variables: Figure 1. Filters showing composition of wells used to train the Delaware Basin model. Definition of stagger and lateral neighbor distances. Figure 4 shows a different story.
About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana , where the Company holds petroleum licences comprising ~8 million contiguous acres.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2025 , a sharp increase from $1.05 billion in Q1 2024.
The flurry of merger and acquisition (M&A) activity over the last two years has changed the minerals landscape in the Permian Basin, along with most producing basins in the United States. Regarding the bolt-ons and consolidation of acreage, Lee noted that Ovintiv recently divested its Uinta Basin assets in order to buy others.
In 2006, a group of landowners filed a class action lawsuit against the State of Louisiana through the Louisiana Department of Natural Resources (“LDNR”) concerning the ownership of riverbanks in the Catahoula Basin. If a public officer has any element of discretion, “mandamus will not lie.”
In part 2 , we created a data-driven model using 11,176 wells from the Delaware Basin and features representing geology, completion intensity, spacing, and timing. In part 2 , we discussed the model variables and definition of spacing neighbors. Figure 3: Location of test pad in the Delaware Basin, Lea County.
A third issue for him is that, in basins like the Permian, CCUS projects inject into oil formations that are no longer viable for productionat least, not with todays technology and pricing. I think it’s going to vary from formation to formation, but you’re definitely moving other people’s property around, he said.
EOG ) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 Register to attend. HOUSTON, May 30, 2025 /PRNewswire/ EOG Resources, Inc. ( billion, inclusive of EAPs net debt.
Pioneer Natural Resources USA, Inc. ("Pioneer"), a natural gas producer operating in the Permian Basin, entered into a firm contract with MIECO, L.L.C. ("MIECO"), an energy trading firm.
The report could involve only one well, or possibly tens of thousands of wells spread out in numerous productive basins targeting different reservoirs and involving various operators. Any proper reserve report should describe the entity, the purpose for the report and detail any complexities so the reader can be fully informed.
Which means that if you can produce potash locallywhich by definition means MUCH LOWER transport costswell, you should make A LOT of money. LOCATION-LOCATION-LOCATION The Autazes project is located along the Amazon Potash Basin, in NW Brazil, about 100 miles from the city of Manaus. That is just what Brazil Potash plans to do.
The companies have entered into a definitive business combination agreement (the “Agreement”) to combine in an all-share transaction valued at approximately $15 billion , inclusive of net debt 1. Under the terms of the Agreement, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held.
For every barrel of oil extracted in the Permian Basin, one report estimates that operators typically generate between 4-10 barrels of produced water—resulting in an estimated 3.9 " Although compliance could not definitively shield Basic from liability as a matter of law, that compliance was not necessarily irrelevant.
House Bill 137 , tracked by the Permian Basin Petroleum Association (PBPA) as detailed below, establishes the Strategic Water Supply Program. 140 Hazardous Waste Constituent Definition (Rep. At the same time, we vehemently oppose bills that threaten the prosperity the Permian Basin generates for Texas, America, and our allies abroad.
The regulations define “oil-water separators” in part as wastewater treatment equipment “used to separate oil from water consisting of a separation tank, which also includes the forebay and other separator basins, skimmers, weirs, grit chambers, and sludge hoppers.”
While the trend is lower, keep in mind that the fundamentals of supply and demand draw the charts, and the fundamental outlook is definitely a moving target in each coming week as the Trump Administration settles in further. appeared first on Permian Basin Oil and Gas Magazine. How are Capital and Bank Markets Working for O&G?
The previous Trump-era definition limited federal jurisdiction, providing greater certainty and clarity to landowners and operators. Plans are underway to review the current Biden-era definition and provide a more streamlined definition, which would reduce permitting delays and litigation risks for oil and gas operators.
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