Apr 1, 2024 · APA Corp. closed a $4.5 billion takeover of Callon Petroleum, adding greater scale in the prolific Permian Basin. APA Corp., and its subsidiary Apache, acquired approximately 145,000 net Permian acres through the acquisition of Callon Petroleum Co.—including 25,000 net acres in the Midland Basin and 120,000 net acres in the Delaware Basin.. Callon’s production averaged 103,000 boe/d during ...

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Sep 30, 2024 · Devon Energy Corp. completed its $5 billion cash-and-stock acquisition of Grayson Mill Energy, the E&P announced on Sept. 27. The acquisition transforms Devon’s Williston Basin business with the addition of more than 300,000 net acres, 500 undrilled gross locations and 300 refrac candidates, the company said in the press release. “This strategic transaction is an excellent fit for Devon ...

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Jan 4, 2024 · APA Corp. is getting deeper in the Permian Basin with a $4.5 billion takeout of Callon Petroleum Co., the latest deal in a historic wave of consolidation across America’s hottest oil play. The acquisition of Houston-based Callon will give APA—and its subsidiary Apache Corp.—a notable boost in the Delaware Basin of West Texas and New Mexico.

The biggest M&A transaction in the world in 2023 was ExxonMobil’s ~$70 billion merger with Pioneer Natural Resources and Austin Hughes was all over it, generating key analyses for Petrie Partners’ client Pioneer.

Best of This Week’s Drilling Activity Highlights (March 5, 2021) Wolfcamp Shale producers completed by Chevron and EOG Resources in the Permian Basin plus details on exploratory wells at LLOG Exploration’s Spruance prospect in the Gulf of Mexico top this week’s oil and gas drilling activity highlights from around the world.

May 12, 2017 · TG Natural Resources is a company jointly owned by TG East Texas Resources LLC, a wholly owned subsidiary of Tokyo Gas America Ltd., and CCI U.S. Asset Holdings LLC, a wholly owned subsidiary of Castleton Commodities International LLC. TG Natural Resources is focused on consolidating its East Texas and North Louisiana platform through strategic acquisitions possessing predictable development ...

Tom Ward was just 16 when his father passed away, leaving him adrift and in need of guidance on what to do with his life. His uncle was a successful landman in western Oklahoma; his brother and grandfather were in the energy business, too.

Nov 6, 2024 · The Bakken Shale, as an oil-focused play, presents a lot of the same problems for operators as the Permian Basin. The Permian, however, gives producers a relatively easy, intrastate path to commercial markets along the Gulf Coast.