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(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.
enhancing its footprint in New Mexico’s northern Delaware Basin. The deal adds ~13,320 net acres and 8,700 net royalty acres to PR’s core position in Eddy County , boosting near-term production and providing long-term development upside. Permian Resources Corp. (PR) PR) has announced a $608 million bolt-on acquisition from APA Corp.
(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources core New Mexico operating areas.
(World Oil) –Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, have announced a strategic purchase of mineral interests in Ector and Midland Counties, TX, operated by ConocoPhillips.
NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% billion as of March 31, 2025.
billion merger between Viper Energy and Sitio Royalties isn’t just another deal—it’s a signal flare for the entire minerals market. As noted in the recent article on the New Frontier in Minerals and Royalties, “there are just not enough deals to chase compared to the money targeting them.” The headline-grabbing $4.1
Dallas-based Elk Range Royalties said recently it acquired Newton Financial Corp., Collectively they own mineral and royalty interests across the Permian Basin in west Texas and Eagle Ford in south Texas. Elk Range buys mineral and royalty interests across multiple U.S. Concord Oil and Mission Oil.
Plano-based Mentor Capital said last week it purchased 25.127 net royalty acres in a 71-well producing project in Permian Basin. Mentor said its royalty stream is equivalent to 12.5 And 16 well locations in the Dean and Wolfcamp formations remain in project inventory pending development by major operator Diamondback.
In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 Now, for just the second time Enverus has tracked, two publicly traded minerals companies are combing with Viper Energy Partners buying Sitio Royalties for $4.1 billion inclusive of net debt.
Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators.
Midland-based Permian Resources last week revised 2025 guidance after making a bolt-on acquisition in northern Delaware Basin. Permian Resources acquired 13,320 net acres and 8,700 net royalty acres from APA Corp. The deal adds about 100 new gross operated, two-mile locations that immediately compete for capital. billion to $2.0
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. Charlie Shufeldt, CEO, said March 21, The DJ Basin presents some of the best operator economics in the U.S., Elk has deployed more than $1.2
Permian Resources Corporation, a leading pure-play operator in the Delaware Basin, has reported strong first-quarter 2025 financial and operational results and announced a strategic bolt-on acquisition of APA Corporations Northern Delaware Basin assets for $608 million. Realized Pricing: Oil: $70.48/bbl
Permian Resources (NYSE: PR), based in Midland, TX, is doubling down on its position in the Permian Basin with a $608 million acquisition of prime acreage in southeast New Mexico from APA Corp (parent of Apache). Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Specifically, the acquisition is accretive on an annualized basis to 2025 EBITDA by 10%, and cash flow from operations and free cash flow by 9%.
After years of planning, political negotiation, and construction, the LNG Canada export terminal in Kitimat is nearly operational and it could mark a turning point for Canadas natural gas industry. This “chill-down” phase is one of the final steps before the terminal becomes fully operational.
Most notably, PITs cutting-edge microgrid , backed predominately by natural gas, ensures seamless airport operations even in the face of grid failures that cripple other major transportation hubs while keeping energy costs and emissions low.
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. Fewer operators control larger acreages. These leases conveyed to Cactus the produced water from oil and gas operations on the land.
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 combined company will continue to pay Whitecap’s annual dividend of $0.73
Platforms integrated across previously siloed workflows, connecting upstream operations with midstream logistics and downstream analytics. This is no small achievement in a sector where data reliability has long plagued operators and investors alike.
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The operator of Egina is China’s CNOOC: Chinese oil companies are expanding internationally, and Nigeria is one of the destinations, despite the challenges.
Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%. The EIA forecasts U.S. crude output to grow from 13.2
LOCATION-LOCATION-LOCATION The Autazes project is located along the Amazon Potash Basin, in NW Brazil, about 100 miles from the city of Manaus. A WORLD-CLASS MINE Brazil Potash expects Autazes to produce roughly 2.4Mt of potash (MOP) once operating at full capacity enough to satisfy 20% of Brazil’s needs.
In a blow to Pennsylvania landowners, a judge recently dismissed a lawsuit aiming to overturn the Delaware River Basin Commission (DRBC)s ban on natural gas development within the watershed that robs private property owners of their right to realize the benefits of the energy beneath their feet. Jonathan Fritz at the roundtable.
The closing hours of the 57th Session of the New Mexico Legislature found oil and gas advocates engaging in an intense effort to protect the industry from proposals that would have increased regulations and costs for operators, many with little to no benefit to the people or environment of New Mexico, let alone the industry. 137, and H.B.
In a blow to Pennsylvania landowners, a judge recently dismissed a lawsuit aiming to overturn the Delaware River Basin Commission (DRBC)s ban on natural gas development within the watershed that robs private property owners of their right to realize the benefits of the energy beneath their feet. Jonathan Fritz at the roundtable.
And the lone infrastructure success for the Appalachian Basin, the Mountain Valley Pipeline (MVP), actually took an act of Congress to complete and become operational.
natural gas producers and investment firms are gearing up for more activity in Louisianas Haynesville shale basin, positioning themselves for a boom in liquefied natural gas exports boosted by new approvals from President Donald Trump. Operators say they will move more carefully than in the past to avoid a bust.
Read more US drilling activity rises, led by Permian Basin surge Summary : The U.S. oil rig count increased by 6 to 582 in late January, driven by growth in the Permian Basin, which saw a gain of 5 rigs, reaching 303. Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations.
And the lone infrastructure success for the Appalachian Basin, the Mountain Valley Pipeline (MVP), actually took an act of Congress to complete and become operational.
Alaska leaders seek 90% of federal oil royalties as state revenues suffer from low oil prices, while supporting ConocoPhillips’ Willow oil project. While Delaware Basin permits rose 28% to 127, analysts expect sustained lower activity as operators adjust to oversupply concerns and OPEC+ output cuts easing. Read more U.S.
The survey also revealed that firms require an average of $41 per barrel to cover operating expenses for existing wells, up from $39 last year, while the breakeven price to profitably drill new wells is $65 per barrel, ranging from $61 to $70 depending on the region. Read more Peak Permian? return on capital.
government and a company that was awarded a license by the NRC, the federal agency that regulates nuclear energy in the United States, to operate a facility in western Texas of a lower courts ruling declaring this storage arrangement unlawful. The justices heard arguments in an appeal by the U.S. The Denver-based 10th U.S.
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