The acquisition gives ConocoPhillips, the largest oil producer in Alaska, a much larger footprint in the hottest oil field in the U.S., the Permian Basin of Texas and New Mexico. The combined company would be the largest U.S. oil independent, with output in the Permian second only to Occidental Petroleum Corp. , according to a JPMorgan Chase & Co. […]Read More ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion – WSJ
Driving value from M&A in the shale revolution.
In March 2020, Deloitte developed this research report exploring the latest in shale oil news and shared a roadmap for extracting more value from shale mergers and acquisitions. We now expect that the plunge in oil prices and COVID-led demand uncertainty will likely pause and change the calculus of M&A activity in shales.
Today is the day! Day 1! The DUG Permian Basin and DUG Eagle Ford Virtual Conference is live at 9 a.m. CDT today! Complimentary Access! Please share this link with your team, customers & colleagues because all sessions are available on-demand, meaning they are available to watch at your convenience! Hear from operators & analysts […]Read More DUG Permian Basin and DUG Eagle Ford Virtual Conference is LIVE! | Hart Energy
HOUSTON, May 16, 2016 /PRNewswire/ — Fortuna Resources Holdings, LLC (“Fortuna”) announced that certain affiliates of Och-Ziff Capital Management Group LLC (NYSE: OZM) (“Och-Ziff”) have committed $75 million to Fortuna, with an option to increase to $150 million. The investment is focused on expanding Fortuna’s activities in the West Texas Permian Basin and related areas through acreage and asset acquisitions and […]Read More Fortuna Resources LLC Partners with Och-Ziff Affiliates to Pursue Oil and Gas Acquisition and Development Opportunities | PRN Newswire | Oil Country Media
The Midland district dominated in August when it came to drilling permits, new oil completions and new gas completions, according to the Railroad Commission of Texas. The RRC reported the region – 8 – accounted for 55.9 percent of the 377 drilling permits in the state. The 211 in the Midland district was 176 more […]Read More RRC: Drilling permits continue to rise in Midland region, across the state – Midland Reporter-Telegram
Photo: James Durbin/The Oilfield Photographer/ Midland Reporter Telegram Buy Photo (Bloomberg) — Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered an unprecedented collapse in drilling. Drillers in the Permian Basin of West Texas […]Read More Permian oil drillers bounce back with biggest rig hike this year – Midland Reporter-Telegram
Day 2! Right now, we are dialed in!
Hart Energy’s First-Ever Dug Midcontinent Virtual ConferenceRead More Hart Energy’s DUG Midcontinent Virtual Conference | Day Two
The Trump administration will allow the existing Keystone pipeline to carry more oil-sands crude into the Midwest and U.S. Gulf Coast while the conduit’s decade-old expansion project faces renewed legal hurdles. A White House permit issued Wednesday raises the cross-border shipping limit for the TC Energy Corp. line to 760,000 barrels a day, from 590,000 […]Read More Trump lets Keystone line ship more oil with expansion stalled – BNN Bloomberg
Kyra Buckley ENERGY REPORTERRead More Independent Upstream Companies Among Hardest Hit In Oil And Gas – Houston Public Media
President Trump is expected to visit the Permian Basin in West Texas Wednesday and make a stop at the Double Eagle Energy in Midland, the White House announced. During his visit, the president will tour an oil rig and address how the U.S. has become a dominant energy power, from reducing regulation, expediting the approval of […]Read More Trump to visit oil-rich Permian Basin to visit rig, talk energy | Fox Business