Darren
Barbee
Oil and Gas Investor
EQT, Equinor Agree to Massive Appalachia Acreage Swap
Equinor will part with its operated assets in the Marcellus and Utica Shale and pay $500 million to EQT in exchange for 40% of EQT’s non-operated assets in the Northern Marcellus Shale.
BOEM Announces Next Steps for GoM Lease Sales 262, 263, 264
BOEM said Lease Sale 262 is expected to take place in 2025.
Chevron CEO Talks Guyana M&A, Exxon Dispute
Chevron Corp. CEO Mike Wirth said during CERAWeek by S&P Global that California’s company’s plan to acquire Hess Corporation, and specifically its 30% interest in the Guyana offshore Stabroek Block, was an important deal as well as good one.
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.
The Latest
Diamondback Stockholders All in for $26B Endeavor Deal
Diamondback Energy shareholders have approved the $26 billion merger with Endeavor Energy Resources.
Tivoli Midstream Buys Southeast Texas Coast Infrastructure
Tivoli Midstream acquired the Chocolate Bayou from Ascend Performance Materials, including storage and land for development.
Phoenix Capital Group Acquires Uinta Basin Royalty Interests
Phoenix Capital Group’s acquisition of 1,500 net royalty acres in Duchesne County, Utah, brings the company's investment in the Uinta Basin to more than $60 million, the company said.
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Apollo to Buy, Take Private U.S. Silica in $1.85B Deal
Apollo will purchase U.S. Silica Holdings at a time when service companies are responding to rampant E&P consolidation by conducting their own M&A.
Weatherford M&A Efforts Focused on Integration, Not Scale
Services company Weatherford International executives are focused on making deals that, regardless of size or scale, can be integrated into the business, President and CEO Girish Saligram said.
Deep Well Services, CNX Launch JV AutoSep Technologies
AutoSep Technologies, a joint venture between Deep Well Services and CNX Resources, will provide automated conventional flowback operations to the oil and gas industry.
EQT Sees Clear Path to $5B in Potential Divestments
EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.