If all goes according to plan, December could prove a Christmas to remember for Permian producers with a ticket to ride on the Matterhorn Pipeline sleigh....
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Following its analysis through the end of August, our friends at Rystad today reports U.S. oil and gas M&A this year could surpass the $155 billion chalked up in 2023. With $100 billion already on the books in 2024, and another $46 billion in assets currently up for sale, buyers and sellers still have one-third of a year to make their final selections and bring them to the checkout counter....
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About 10 miles south of Tulsa, the city of Glenpool holds a most unique oil and gas legacy. If you were around in 1905 (and if you were, we want to hear from you), you might remember the Glen Pool discovery, which started on a rural farm with a single well drilled 1,400’ deep and gushing an initial 75 BPD. Within a few months, the Glen Pool was declared the world’s largest oilfield, and practically overnight Tulsa, Okla., would be declared the Oil Capital of the World. ...
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Do you hear a vroom? If so, that would be compliments of Tulsa-based ONEOK and its well-oiled (pun intended) midstream machine that sounds a might throatier today....
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When ConocoPhillips acquired Marathon Petroleum back in May, the $22.5 billion deal crowned COP the largest producer in the Eagle Ford with combined assets of 490,000 net acres, 400 MBOED, and 1,000 new drilling locations. The purchase also added more refrac inventory using COP’s own techniques already at work across its South Texas position....
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Back in 2020, Houston-based Piñon Midstream set out to cure a massive headache for producers in Perm Town’s most prolific eastern flank of the Delaware in N.M., and Texas—namely, the lack of infrastructure to gather and treat pervasive sour gas. Solving that problem would no doubt be a grand introduction into the nation’s hottest play. Solving another would be even grander. ...
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