After the $58 billion Coterra merger, a $4.2 billion South Texas sale buys time—not a full reset—in a $90-plus oil market. Hat tip to Reese Energy Consulting and Steve Reese for highlighting this, and we will be covering this on a podcast with him soon. Devon Energy’s February all-stock combination with Coterra Energy closed in […]
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The transaction, announced September 2, 2026, is expected to close in the fourth quarter of 2026, subject to customary conditions and a $50 million break fee. It expands Diversified Energy Company (NYSE/LSE: DEC) from a multi-basin PDP consolidator into a scaled, operated Permian producer with integrated midstream and water infrastructure. Deal structureGross purchase price is […]
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On August 18, 2026, Evolution announced a definitive agreement to acquire mineral, royalty, and overriding royalty interests spanning approximately 3,420 net royalty acres (NRA) across 152 tracts in Reagan, Upton, Glasscock, Midland, and Martin Counties, Texas, from a non-affiliated private seller. The purchase price is approximately $16 million in cash, subject to customary adjustments. The […]
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Tulsa-based The Williams Companies, Inc. (NYSE: WMB) has signed an agreement to acquire Momentum Midstream in a strategic transaction valued at up to $5.5 billion, establishing a premier position in the Haynesville Shale to serve expanding Gulf Coast LNG, power, and industrial demand. The deal, announced alongside Williams’ strong second-quarter 2026 results on August 3, […]
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“The Tale of Two UK Oil Companies” could be the title of an old book, movie, or play. But sadly, it is a real-life story of how a once great country is imposing a self-imposed death spiral of deindustrialization and financial collapse. The very same death spiral the Blue / Net Zero crowd in the […]
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Expand Energy Corporation (NASDAQ: EXE), North America’s largest independent natural gas producer, has reported a strong initial production (IP) rate of 27.5 million cubic feet per day (MMcf/d) from its first horizontal wildcat in the Far Western Haynesville. The Bobby Yancey #2H well, located in Houston County, Texas, features an 8,158-foot lateral and represents an […]
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Expand Energy Corporation (NASDAQ: EXE), North America’s largest natural gas producer, announced on July 27, 2026, that it has agreed to acquire Twin Eagle Holdings, N.A., LLC, a leading private asset-backed natural gas marketing and optimization business, for $1.25 billion from Five Point Infrastructure. The deal, subject to customary adjustments, closing conditions, and regulatory approvals, […]
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In a significant move strengthening U.S. energy ties with Iraq, ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL), the contractor entity overseeing the redevelopment of major oil fields in northern Iraq’s Kirkuk region. BP will retain the remaining 58% majority stake. The deal, announced on July […]
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Transaction adds Frac Interference Exchange, Well Data Exchange, Production Data Exchange and AquaTrade, extending Enverus’ secure exchange network across completions, well data, production and water logistics AUSTIN, Texas (June 30, 2026) — Enverus today announced the acquisition of four exchange platforms from PDS Energy Information: the Frac Interference Exchange, Well Data Exchange, Production Data Exchange and AquaTrade. […]
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The Williams Companies, Inc. (NYSE: WMB), one of America’s largest natural gas infrastructure companies, is in late-stage talks to acquire privately held Momentum Midstream from EnCap Flatrock Midstream in a deal valued at approximately $5.5 billion. If completed, it would rank among the largest acquisitions in Williams’ history and significantly strengthen its position in the […]
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