For a number of reasons, the US inventory of drilled-but-uncompleted wells (DUCs) has swelled from almost 4,300 to more than 8,200 in...
Tall City Exploration III LLC an oil and gas exploration and production company announced today that it has received a line of...
(Bloomberg) — Matador Resources Co. was the anonymous purchaser of drilling rights in the Permian shale that fetched a record $95,001 per...
Oseberg.io reported this week that Stone Oak Operating, LLC acquired more than 100 wells from Tapstone Energy in Northwest Oklahoma (particularly Beaver, Ellis, and Harper county)....
OKLAHOMA CITY, Sept. 10, 2018 /PRNewswire/ — SandRidge Energy, Inc. (the “Company”) (NYSE: SD) announced today that it has concluded its formal strategic review process...
The wild tale of America’s energy revolution, and the cowboy who made and lost billions on shale.
(Bloomberg) — The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an...
Stay updated on oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. U.S. benchmark...
Argus Media is reporting that US independent producers are stepping up hedging of oil and natural gas production as a safety net...
U.S. oil and gas companies are beginning to open their wallets wider given higher commodity prices. According to a report out last week from...
E&P EQT Corp. and Equitrans Midstream Corp. have entered into a definitive merger agreement reuniting the two companies in an all-stock deal worth roughly $5.45 billion, according to a March 11 press release.
The companies said the deal creates the U.S.’ only large-scale, vertically integrated natural gas company prepared to “compete on the global stage,” according to EQT — an echo of the rationale Chesapeake Energy cited in its $7.4 billion merger announcement in January with Southwestern Energy.
Under the terms of the merger agreement, each outstanding share of Equitrans common stock will be exchanged for 0.3504 shares of EQT common stock, representing an implied value of $12.50 per Equitrans share brd on the volume weighted average price of EQT common stock for the 30 days ending on March 8. The transaction suggests a 12% premium over Equitrans’ March 8 closing price of $11.16.
After the deal, EQT shareholders would own 74% of the combined company and Equitrans shareholders the remaining 26%.
EQT said that when complete, the combined company’s enterprise value would exceed $35 billion and add more than 2,000 miles of critical pipeline infrastructure with “extensive overlap with EQT's core upstream operations and existing midstream assets.”
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in...
by Bloomberg | Devika Krishna Kumar and Christopher Charleston | Oil held steady after...
Owning mineral rights can be both a rewarding and challenging experience, especially if you...
By Tsvetana Paraskova for Oilprice.com | Russian oil companies and officials have discussed the...
BP has officially abandoned its 2030 target to significantly cut oil and gas production,...
By Bloomberg| Anthony Di Paola & Sherry Su | Saudi Arabia raised its main...
U.S. energy firms have reduced the number of oil and natural gas rigs for...
Story By By David Wethe (Bloomberg) — Oilfield-service costs for US horizontal shale drilling are...
Brent crude prices have climbed 8.5% so far this week on concerns over conflicts...
According to a press release on October 2nd, Texas Pacific Land Corporation (TPL) has...
Story by Tsvetana Paraskova for Oilprice.com: The slump in U.S. natural gas prices in...
“I will cut your energy prices in half” From OilPrice.com | A Trump campaign...
Have your oil & gas questions answered by industry experts.