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.

CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps

Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.

Kimmeridge Fast Forwards on SilverBow with Takeover Bid

Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.

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.

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.

Drilling Tools International, Superior Drilling Products to Combine

Drilling Tools International said the acquisition of Superior Drilling Products will broaden growth opportunities domestically and internationally, with DTI focusing on expanding its presence in the Middle East.

Exxon Signals Potential Counter Offer for Hess’ Guyana Assets

Exxon Mobil has filed a contract arbitration claim related to Chevron’s proposed purchase of Hess Corp.’s interests in the Stabroek Block offshore Guyana.

JMR Services, A-Plus P&A to Merge Companies

The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.