Matador Resources seals $1.9Bln deal for Delaware Basin assets as US energy acquisitions activity continues
Matador Resources Company, the oil and natural gas independent in the southwest United States, has entered into an agreement to acquire shale assets in the Delaware Basin of West Texas and New Mexico for $1.905 billion in cash as the current US mergers and acquisitions wheel continues to turn.
Targa to complete $3.55Bln cash buy of Delaware Basin gas gathering and processing assets in third quarter
Targa Resources Corp., one of the largest US independent midstream infrastructure companies, has agreed to acquire Lucid Energy, a natural gas gathering and processing services company in the Delaware Basin from US asset managers for $3.55 billion in cash and the transaction will be completed in the third quarter.
US Permian Basin activity underpins future source of associated gas in absence of too much interference
Permian Basin activity hit an all-time high in March 2022, with more than 900 permits awarded for horizontal drilling for new wells, driven by increasing oil prices and production demand in the basin with abundant associated natural gas.
Empire Petroleum seals deal for New Mexico Permian assets amid acquisitions wave including LNG
Empire Petroleum Corp. of Oklahoma has completed the acquisition of 700 natural gas, oil and injector wells from ExxonMobil Corp. located in 40,000 net acres of legacy leaseholds in the US Permian Basin of New Mexico in the latest of a 2020-2021 wave of mergers and acquisitions in the energy sector, including LNG.
