Vermilion Energy Inc. has signed a deal to buy junior energy company Leucrotta Exploration Inc. for $477 million. Download drilling reports.
Vermilion Energy buying Leucrotta Exploration for $477 million
Targa to Acquire Southcross Energy for $200 Million
Targa Resources Corp. TRGP declared that it signed agreements to take over Southcross Energy Operating LLC and its subsidiaries in South Texas in a deal worth $200 million.
Rockcliff Energy weighs $4 billion sale
Rockcliff Energy LLC Houston-based company could seek $4 billion or more in a sale.
U.S. oil ‘mini-majors’ target aggressive dealmaking in the Permian
Free drilling report. Permian Basin Mini Majors include Devon Energy Corp, EQT Corp, Continental Resources, Pioneer Natural Resources and Diamondback Energy
Tourmaline Oil earns nearly half of record $2B of 2021 profit in 4th quarter
Tourmaline Oil Corp. says it earned nearly half of its $2 billion net profit last year in the final quarter of 2021.
Whitecap 2022 production of 130,000 and capital spending $530 million
Whitecap guidance for 2022 average production of 130,000 – 132,000 boe/d (73% liquids) and capital spending of $510 – $530 million is unchanged.
Continental Resources to invest in carbon capture pipeline Williston Basin
Continental Resources Company founder Harold Hamm was in North Dakota for the announcement of the investment into the Summit Carbon Solutions’ $4.5 billion pipeline at an ethanol plant near the town of Casselton in the Williston Basin. The town is located west of Fargo along Interstate 94.
Devon and Marathon big winners in the STACK and SCOOP
Oklahoma STACK and SCOOP plays yielded some big producers in recent months for Marathon Oil and Devon Energy.
Pembina Pipeline Corporation and KKR Create Joint Venture to Merge Western Canadian Processing Assets
Pembina Pipeline announced that it has entered into definitive agreements with KKR to combine their respective western Canadian natural gas processing assets
Pioneer Resources to spend $3.3 billion in 2022 on 500 permian wells
Pioneer Resources plans a 2022 capital budget of $3.3 billion to $3.6 billion (after $3.4 billion in 2021, including placing 534 horizontal wells on production).