The Latest

Analyst: Exxon Mobil, Pioneer Deal Close Likely ‘Imminent’

With approval from the Federal Trade Commission, Exxon Mobil could close its $59.5 million acquisition of Pioneer Natural Resources after more than six months of review.

CPS Closes $785MM Deal for Talen Energy’s Texas NatGas Plants

CPS Energy has acquired all assets associated with the 897-MW Barney Davis and 635-MW Nueces Bay natural gas plants in Corpus Christi, Texas, and the 178-MW natural gas plant in Laredo, Texas.

Wirth: Chevron Won’t Put ‘New Capital into Venezuela’

California-based Chevron Corp. doesn’t plan on allocating more capex into its operations in Venezuela even though it still has U.S. approval to operate there, despite Washington sanctions.

Decoding the Delaware: How E&Ps Are Unlocking the Future

The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.

Equinor Says EQT Asset Swap Upgrades International Portfolio

Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.

M&A Spotlight Shifts from Permian to Bakken, Marcellus

Potential deals-in-waiting include the Bakken’s Grayson Mill Energy, EQT's remaining non-operated Marcellus portfolio and some Shell and BP assets in the Haynesville, Rystad said.

Chevron CEO: Permian, D-J Basin Production Fuels US Output Growth

Chevron continues to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.

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.