Updated Aug 22, 2024
8/22/24
Integrated energy major ExxonMobil is seeing bottom-line gains by simplifying and standardizing operations, a strategy that should continue to benefit the global natural gas and oil operations, CEO Darren Woods said Friday.
Natural gas-focused mergers and acquisitions (M&A) among upstream North American firms have slowed amid a historic slump in gas prices, according to a new analysis by Enverus Intelligence Research (EIR).
North American upstream activity remained sluggish through the first half of the year, with little optimism things would change before 2025, according to an industry survey.
Lower 48 stalwart Devon Energy Corp. has taken a leap into the super-charged acquisition game, with a goal to triple its Williston Basin production, by snapping up private equity-backed Grayson Mill Energy LLC in a $5 billion cash-and-stock takeover.
Far from the madding crowd in the Permian Basin and Eagle Ford Shale, SM Energy Co. and Northern Oil and Gas Inc. (NOG) on Thursday snapped up a package of assets in Utah’s Uinta Basin for $2.55 billion.
Shell plc is making good on ambitions to expand its global LNG business with an agreement to acquire Pavilion Energy Pte. Ltd. – and its 6.5 million metric tons/year (mmty) of contracted supply.
Dealmaking among U.S. natural gas and oil operators is showing few signs of slowing, as consolidation is giving rise to the question of how long the industry revamp would continue.
Dealmaking is continuing across the global energy sector as Noble Corp. plc, one of the world’s largest ultra-deepwater drillers, has agreed to buy Diamond Offshore Drilling Inc. in a cash-and-stock transaction worth about $1.6 billion.
Dallas-based independent Matador Resources Co. is acquiring privately held Permian Basin producer Ameredev II Parent LLC for $1.9 billion.
Houston-based ConocoPhillips, the world’s largest independent producer, is moving to become even bigger in an estimated $22.5 billion all-stock takeover of crosstown rival Marathon Oil Corp.