The Latest

Oilfield Service Companies Dril-Quip, Innovex to Merge

Dril-Quip Inc. and Innovex Downhole Solutions Inc. will emerge as a new company, Innovex International, with expanded reach in global markets.

Talos Energy Sells CCS Business to TotalEnergies

TotalEnergies’ acquisition targets Talos Energy’s Bayou Bend project, and the French company plans to sell off the remainder of Talos’ carbon capture and sequestration portfolio in Texas and Louisiana.

New Fortress Energy Sells Two Power Plants to Puerto Rico

New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.

EQT Deal to ‘Vertically Integrate’ Equitrans Faces Steep Challenges

EQT Corp. plans to acquire Equitrans Midstream with $5.5 billion equity, but will assume debt of $7.6 billion or more in the process, while likely facing intense regulatory scrutiny.

Daugherty: Diamondback Scales Up Amid Consolidation Super Cycle

It’s time for the strongest among the services sector to follow Diamondback's lead: find fortifying prey and hunt.

Will the Ends Justify the Means for W&T Offshore?

After several acquisitions toward the end of 2023, W&T Offshore executives say the offshore E&P is poised for a bounce-back year in 2024.

EQT, Equitrans to Merge in $5.45B Deal, Continuing Industry Consolidation

The deal reunites Equitrans Midstream Corp. with EQT in an all-stock deal that pays a roughly 12% premium for the infrastructure company.

EQT, Equitrans Midstream to Combine in $5.5B Deal: Reports

EQT Corp.'s deal would reunite the natural gas E&P with Equitrans Midstream after the two companies separated in 2018.

For Sale, Again: Oily Northern Midland’s HighPeak Energy

The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.

Uinta Basin's XCL Seeks FTC OK to Buy Altamont Energy

XCL Resources is seeking approval from the Federal Trade Commission to acquire fellow Utah producer Altamont Energy LLC.