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Navigating the M&A Landscape in 2025: Insights for Small to Mid-Sized Upstream Operators

Enverus

The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. Large public E&Ps are consolidating premium inventory in core regions like the Permian, where high-quality assets are scarce and valuations are steep.

Upstream 130
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U.S. Rig Activity Rebounds Amid Rising Natural Gas Prices – Baker Hughes

Oil Gas Leads

While oil rig counts continued to slip, steady activity in key basins like the Haynesville and a sharp uptick in states like Kansas signal a potential turning point for upstream operations heading into the second half of 2025. Here’s a structured summary and analysis of the latest U.S. bpd (2024) → 13.4M Bcf/d in 2025 from 103.2

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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.

Energy 130
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30 years, thousands of deals, many ups and downs but still the place where we know your name — welcome back to the energy industry’s favorite reunion, EnerCom Denver – The Energy Investment Conference, August 17-20, 2025.

Oil & Gas 360º

With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.

Energy 130
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EnerCom Denver releases full presenter lineup for Landmark 30th Energy Investment Conference

Oil & Gas 360º

Energy Development Corporation UpCurve Energy Valeura Energy (TSX: VLE; OTCQX: VLERF) Verde EOR Solutions Vermilion Energy (NYSE/TSX: VET) Vitesse E n ergy (NYSE: VTS) Whitecap Resources (TSX: WCP) Williams Companies (NYSE: WMB) Zephyr Energy (AIM: ZPHR; OTCQB: ZPHRF) Companies continue to be added to the schedule.

Energy 130
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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

Ward, is an upstream LP focused almost entirely on the Mid-Continent. Budget and 2025 outlook: Mach’s capital spending in 2024 totaled about $60 million in Q4 (including $56 MM on upstream development). Capital and activity: In 2024, Coterra invested $289 million in drilling and completions in the Anadarko Basin.

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

Oil & Gas 360º

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026.

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