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Back by popular demand - Quite a few of you, have asked us to bring back our weekly "easy to digest" activity list. Here you go.
Oil & Gas News and Activity, Week Ending 9/13/2019
People
T. Boone Pickens, the Lengendary Oilman passed away, he was 91.
EQT cut 23% of its work force as the Rice Brothers cut costs.
Encana Taps New President, VP & COO
Saudi fired, Oil Minister, Khalid al-Falih
Northern Oil CFO Takes Over President Role
Bankruptcies/Financial Troubles
Cardium-Focused Obsidian Energy Exploring Strategic Alternatives
STACK Operator Files for Bankruptcy
Capital Markets
Cheniere Energy Partners Taps Debt Markets for $1.5B
Plains All American Launches Public Debt Offering
WPX Energy Prices $600MM Debt Offering
Contango Taps Equity Markets for $50 Million
More General News News
Phillips 66 Makes Offer to Buy DCP Midstream for $34.75/Share
Phillips 66 has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held common units of…
Hamm Family Proposes Taking Continental Resources Private for $25B
Continental Resources, Inc. announced that its board of directors has received a non-binding proposal letter from Harold G. Hamm proposing that the Hamm family purchase all outstanding shares…
Exxon, Hess to Proceed with Yellowtail Development Offshore Guyana
ExxonMobil has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. The company's fourth, and largest, project in…
Operators Cite Investor Pressure for Production Growth Restraint
The latest survey by the Dallas Fed has unveiled that most E&P companies cite investor pressure as the primary reason for meager production growth. 60% of Execs Cite…
Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board
The BP board has announced that BP will exit its shareholding in Rosneft. BP has held a 19.75% shareholding in Rosneft since 2013. Additionally, BP chief executive officer…
Gulf Coast News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Mid-Continent News
Ascent Resources 2026: A Quiet Growth Story for Oilfield Services
Ascent Resources may not be making headlines with rig additions or dramatic well count increases, but a closer read of their March 2026 investor presentation — compared against…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Infinity Closes $1.2B Utica Upstream & Midstream Deal
Infinity Natural Resources has completed its $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream, according to company disclosures…