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Savanna Says Hell No to Buyout Offer
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More Partnerships News
Diversified Energy and Carlyle Forge $2 Billion PDP Partnership
On June 24, 2025, Diversified Energy Company PLC and global investment firm Carlyle announced a landmark partnership to invest up to $2 billion in proved developed producing (PDP)…
Helmerich & Payne Partners, Invests in Abu Dhabi's ADNOC Drilling
Helmerich & Payne and The Abu Dhabi National Oil Company (ADNOC) (and its subsidiary, ADNOC Drilling) have announced a strategic alliance, that will see ADNOC Drilling acquire eight…
Chesapeake, Project Canary Partner for RSG Project in the Marcellus, Haynesville
Project Canary and Chesapeake Energy Corp. launched a pilot partnership to produce certified responsibly sourced natural gas (RSG) at select well pads in the Marcellus and Haynesville shales.…
Shell / YPF to Renew Vaca Muerta Development Plan for 2021
Back in 2017, Shell and YPF signed an agreement to develop the Vaca Muerta. The companies reported an update on its program in the play, commenting that the…
NGL Energy Partners Signs Water Management Agreement with XTO/Exxon
NGL Energy Partners signed a Partnership and has begun receiving produced water from XTO Energy’s (a subsidiary of ExxonMobil Corp.) Poker Lake Development in the Delaware Basin. These…
Canada News
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…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…