Darren
Barbee
Oil and Gas Investor
Infrastructure Company Savage Acquires Houston’s Texon
Texon, a midstream service provider, will continue operations under its legacy brand.
NuStar Energy Unitholders Approve Merger with Sunoco
The transaction is expected to close on or about May 3, in which NuStar Energy LP will merge with and into a merger subsidiary of Sunoco LP.
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.
The Latest
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.
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.
Repsol in Talks to Sell a Slice of its Renewable Business, Sources Say
Repsol would keep more than 50% of the unit in a transaction that could involve the investor injecting new money into the business, the sources said.
Exclusive: ChampionX Innovation Needed to Drill the Incremental Barrel
Soma Somasundaram, president and CEO of ChampionX, emphasized the need to innovate when drilling for the incremental barrel, as well as the oilfield services sector’s role in the path to net zero.
Marketed: Berlin Resources Anadarko Basin Opportunity
Berlin Resources LLC has retained EnergyNet for the sale of an Anadarko Basin opportunity in the Donita 35/2 AP #1H in Roger Mills County, Oklahoma.
Marketed: Wayfinder Resources, KSE Minerals Five Well Package in Oklahoma
Wayfinder Resources Operating and KSE Minerals has retained EnergyNet for the sale of a Mississippian/ Woodford opportunity in Canadian County, Oklahoma.
Worley to Design CCS Facilities for Bayou Bend JV
Bayou Bend is a carbon capture and sequestration joint venture between Chevron, TotalEnergies and Equinor located along the Gulf Coast in Texas.
ADNOC Drilling Secures $1.7B Contract for Unconventionals Recovery
ADNOC Drilling’s new incorporated company, Turnwell Industries, will deliver a total of 144 unconventional wells, as per the contract.
NANO Nuclear Energy Closes $10.25MM IPO
NANO Nuclear began trading on the Nasdaq Capital Market under the symbol NNE on May 8.
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.