Texas/La Gulf Coast

Acquisitions & Divestitures , Shale Plays

APA Corp. Sells $700MM in Non-core Permian, Eagle Ford Assets

APA Corp. and subsidiary Apache are selling more than $700 million in non-core assets in the Permian Basin and Eagle Ford Shale—part of a plan to reduce debt after a $4.5 billion acquisition of Callon Petroleum.

May 20, 2024

Liquefied Natural Gas (LNG) , Natural Gas

ADNOC Buys 11.7% Stake in NextDecade’s Rio Grande LNG Project

The United Arab Emirates’ ADNOC will acquire a 11.7% equity stake in Phase 1 of NextDecade Corp.’s Rio Grande LNG (RGLNG) project from Global Infrastructure Partners (GIP), while also entering an offtake agreement for 1.9 mtpa from the Texas export facility.

May 20, 2024

Acquisitions & Divestitures , Business , Shale Plays

Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?

The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.

May 17, 2024

Acquisitions & Divestitures , Exploration & Production , Super DUG

Diamondback’s Van’t Hof Plays Coy on Potential Delaware Divestiture

Diamondback Energy’s President and CFO Kaes Van't Hof also addressed new Permian exploration and the lack of “fun” dealing with the FTC on its deal to buy Endeavor Energy Resources.

May 16, 2024

Acquisitions & Divestitures

Crescent Energy to Buy Eagle Ford’s SilverBow for $2.1 Billion

Crescent Energy’s acquisition of SilverBow Resources will create the second largest Eagle Ford Shale E&P with production of about 250,000 boe/d, the companies said.

May 16, 2024

Exploration & Production , Shale Plays

ConocoPhillips: Permian Basin a ‘Growth Engine’ for Lower 48

ConocoPhillips views the Permian Basin as a “growth engine” within its Lower 48 portfolio, the company’s Midland Basin Vice President Nick McKenna said during Hart Energy’s SUPER DUG event in Fort Worth.

May 15, 2024

International , Natural Gas , Crude Oil

BP CEO: Final Permian Processing Facility to Come Online by Mid-year

BPX Energy, BP’s Houston-based subsidiary, plans to bring on its fourth and last Permian Basin processing facility in mid-year 2025, CEO Murray Auchincloss said.

May 14, 2024

CCS/CCUS , Service & Supply , Joint Ventures

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.

May 13, 2024

Acquisitions & Divestitures , Lease Sales , Crude Oil

Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field

Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.

May 9, 2024

Pipelines , Storage , Earnings

‘Oversupplied’ NatGas Market Aiding Williams’ Storage Business

Midstream company Williams saw overall demand growth as heavy gas volumes passed through its network.

May 8, 2024