Browsing Tag
Midland Basin
30 posts
HighPeak Energy secures $450m investment and $800m credit facility to overhaul debt
HighPeak Energy plans to refinance a $1.17 billion loan with new equity and credit financing. Find out what it means for HPK investors
Why Ovintiv is spending $460m on acreage instead of buying another producer
Ovintiv has struck more than 60 transactions worth about $460 million to add 41,000 net acres and 240 drilling locations, using smaller deals to extend its highest-value Permian and Montney inventory.
Continental Resources to buy FireBird as Permian footprint grows more than 40%
Continental Resources is acquiring FireBird Energy II, adding 32,000 boepd and 54,000 net Midland Basin acres as the private producer accelerates a Permian expansion that has lifted its acreage by more than 40% in 14 months.
Evolution Petroleum closes $16m Midland Basin royalty deal after issuing stock equal to about 10% of its prior share count
Evolution Petroleum has completed a $16 million Midland Basin royalty acquisition expected to generate $3.9 million of next-12-month asset cash flow, funded partly through a 3.7 million-share equity offering.
Targa Resources signs 20-year ExxonMobil Permian agreements and lifts 2026 growth capital to $5bn
Targa Resources has secured ExxonMobil Permian commitments through 2046, triggering 825 MMcf/d of new processing capacity, Bull Run II and a higher $5 billion 2026 growth-capital programme.
Viper Energy (Nasdaq: VNOM) closes $522m Riverbend royalty acquisition to deepen Permian Basin position
Viper Energy ($VNOM) closes the Riverbend royalty acquisition with $337 million in cash and 3.7 million shares. The next test is whether 4,000 BOE per day of acquired production can increase distributable cash flow per share.
How Kimbell Royalty Partners, LP’s $147m Permian Basin acquisition could reshape its royalty portfolio
Find out how Kimbell Royalty Partners, LP’s $147 million Permian Basin acquisition could reshape U.S. royalty consolidation and cash flow growth.
ConocoPhillips Q1 2026 results: COP beats consensus on EPS but trims production guidance as Qatar war exposure forces an outlook reset
ConocoPhillips beat Q1 estimates, then pulled Qatar from guidance. The Iran war just moved from sentiment to balance sheet for COP shareholders.
Why Brazos Midstream’s latest Permian buildout is a stress test for private midstream scale
Brazos Midstream commissions Sundance II and breaks ground on Cassidy I, pushing Midland Basin gas capacity to 800 MMcf per day. Find out what changes now.
Berkshire Hathaway bets $9.7bn on OxyChem—why Occidental Petroleum is walking away from chemicals
Berkshire Hathaway is acquiring Occidental’s OxyChem for $9.7B. Learn how this divestment reshapes Occidental’s debt profile, upstream strategy, and shareholder returns.