Permian
Field Development , Emerging Plays
SM Energy Targets Prolific Dean in New Northern Midland Play
KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Acquisitions & Divestitures , Exploration & Production
Permian Resources Adds More Delaware Basin Acreage
Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.
Acquisitions & Divestitures , Field Development , Shale Plays
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Pipelines , Natural Gas , Liquefied Natural Gas (LNG) , Earnings
Targa Expects Another Major Permian Pipeline Project This Year
Targa Resources says different projects are falling in place for gas capacity expansion
Acquisitions & Divestitures , Finance
Occidental Explores Sale of Permian Assets Worth Over $1B, Sources Say
Occidental Petroleum is exploring a sale of assets in the Barilla Draw region of Texas, which is located within the Delaware portion of the Permian Basin.
Acquisitions & Divestitures , Shale Plays , Crude Oil , Natural Gas
Exxon Closes $60B Pioneer Deal, Reshaping Permian Basin
After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field.
Mergers , Acquisitions & Divestitures , Policy & Regulations
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.
Mergers , Acquisitions & Divestitures , Earnings
Stice: Diamondback’s Small Company Culture Suits Big M&A Appetite
Diamondback Energy CEO Travis Stice tells analysts that the company’s nimble nature is among its top qualities, allowing for rapid growth and the successful integration of Endeavor Energy this year.
Shale Plays , Acquisitions & Divestitures , Exploration & Production , Drilling
Decoding the Delaware: How E&Ps Are Unlocking the Future
The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
Natural Gas , Pipelines , Liquefied Natural Gas (LNG) , Trade , International
Permian Gas Finds Another Way to Asia
A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.