Permian
Exploration & Production , Shale Plays
ConocoPhillips: Permian Basin a ‘Growth Engine’ for Lower 48
ConocoPhillips views the Permian Basin as a “growth engine” within its Lower 48 portfolio, the company’s Midland Basin Vice President Nick McKenna said during Hart Energy’s SUPER DUG event in Fort Worth.
Mergers , Exploration & Production , Shale Plays
SUPER DUG: Diamondback's Van't Hof Talks Endeavor Merger, Future of Legacy Delaware Acreage
The SUPER DUG Conference & Expo is in full swing in Fort Worth, Texas, and speaker Diamondback President Kaes Van’t Hof is with Hart Energy's Jordan Blum to talk about Diamondback's pending merger with Endeavor Energy Resources, development philosophies going forward and future plans in the Delaware.
Acquisitions & Divestitures , Investment , Shale Plays , Exploration & Production
Minerals Market Growing But Needs More Scale, Consolidation
The market value of public minerals and royalties companies has doubled since 2019—but the sector needs to grow even larger to attract generalist investors into the fray, experts say.
International , Natural Gas , Crude Oil
BP CEO: Final Permian Processing Facility to Come Online by Mid-year
BPX Energy, BP’s Houston-based subsidiary, plans to bring on its fourth and last Permian Basin processing facility in mid-year 2025, CEO Murray Auchincloss said.
Promotions
PropFlow Names David Ward as CEO
As CEO, David Ward will lead and build out PropFlow’s operations of eliminating debris from proppant at well sites in the Permian Basin and other plays.
Gathering & Processing , Pipelines
LM Energy to Expand Gas Gathering System in the Delaware
LM Energy is building new compressor stations and adding 70 miles of pipeline in the Delaware Basin.
Acquisitions & Divestitures , Mergers , Trends , Shale Plays
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.
Field Development , Drilling
New Permian Math: Vital Energy and 42 Horseshoe Wells
Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.
Acquisitions & Divestitures , Gathering & Processing , Pipelines , Construction
Kinetik Launches Delaware Basin M&A Valued at $1.3B
Kinetik Holdings will buy Durango Permian infrastructure for $765 million, excluding contingency payments, and sell its interests in the Gulf Coast Express pipeline to AcrLight Capital Partners for $540 million.
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.”