E & P News
Topaz Energy Expands Montney Royalty Footprint
Topaz Energy said it will acquire gross overriding royalty (GORR) interests across ~134,000 gross acres in the NEBC Montney, 65% of which remain undeveloped from Tourmaline Deal Terms:…
Berkshire Hathaway to Buy Occidental’s OxyChem for $9.7B in Cash
Berkshire Hathaway is doubling down on its long-running relationship with Occidental—this time through a major downstream industrial move. Occidental and Berkshire Hathaway announced a definitive agreement for Berkshire…
Occidental Eyes $10 Billion OxyChem Sale Amid Debt and Capital Discipline Push
Occidental Petroleum is in advanced talks to sell its chemical subsidiary, OxyChem, in a transaction that could raise at least $10 billion. According to reuters. The company has…
Chord Energy to Acquire XTO Williston Basin Assets for $550MM
Chord Energy (NASDAQ: CHRD) announced it has signed a definitive agreement to acquire core Williston Basin assets from XTO Energy (Exxon Mobil subsidiaries) for $550 million cash, subject…
CRC to Acquire Berry in All-Stock Combination, Building a Larger California-Focused Energy Leader
California Resources Corporation (CRC) and Berry Corporation announced a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million (inclusive of Berry net debt).…
Diversified Energy to Acquire Canvas Energy for $550MM
Diversified Energy is expanding its Oklahoma footprint with a sizeable bolt-on acquisition that management says will meaningfully increase cash flow and deepen operating density in the state. On…
Crescent Absorbs Vital in a Scale-First Consolidation Bet
Crescent Energy is making its biggest move yet in its “growth through acquisition” strategy, agreeing to acquire Vital Energy in an all-stock deal that would create a larger,…
Comstock to Acquire Assets from Ovation Energy For $62.5 Million
Comstock Resources agreed to acquire substantially all of the assets of Ovation Energy, L.P. for $62.5 million, expanding its producing footprint across multiple U.S. natural gas basins. The…
ConocoPhillips to divest Anadarko Basin asset for $1.3B
ConocoPhillips (“COP”) agreed to sell an Anadarko Basin position for $1.3 billion. The package was part of the Marathon Oil assets COP picked up and is now carving…
Berry Reaffirms FY25 Guidance; Uinta Wells Drive 2H Growth
Berry Corporation delivered a steady second quarter update that reinforced the company’s core message for 2025: production is on plan, guidance is intact, and the hedge book is…
SM Energy Hits Record Output; Driven by Uinta
In Q2 2025, SM Energy (NYSE: SM) delivered a performance that underscored its evolution from a mid-cap E&P into a streamlined, tech-enabled operator executing a multibasin optimization strategy.…
Refracs That Compete: Eagle Ford Wells Return to Life
Baytex’s Eagle Ford asset — long a cash-flowing foundation of its portfolio — is entering a new phase of productivity thanks to a smart, highly efficient refrac strategy…
The Permian Play: How ExxonMobil Is Rewriting the Shale Narrative
In the heart of the Permian Basin, where the shale revolution was born and many say it may soon peak, ExxonMobil is telling a very different story—one that…
Large Cap E&P To Reduce Drilling & Completion Activity in 2026
Summary After years of aggressive shale growth, Chevron is signaling a clear strategic pivot: shift from volume expansion to capital efficiency and free cash flow. This evolution—catalyzed by…
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025
In the second half of 2025, Expand Energy is not chasing production growth — it's engineering it. Fresh off record-setting drilling performance in Q2, the company is approaching…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |