Tulsa-based WPX Energy said Dec. 16 it is acquiring Denver-based Felix Energy, a Permian Basin operator, for $2.5 billion. WPX is purchasing Felix’s acreage in Loving, Ward and Winkler counties in west Texas in the core of the Delaware Basin for $900 million in cash and $1.6 billion in WPX stock. Felix has about 1,500 […]

Oklahoma City-based Devon Energy exits the Barnett Shale, “birthplace of the shale revolution,” with the sale of its Barnett assets for $770 million to Denver-based private equity firm Kalnin Ventures, which is backed primarily by Thailand coal mining and power giant Banpu. The shale position will be operated by BKU Oil & Gas Capital Partners. […]

Oklahoma City-based Revolution II Wi said Dec. 6 it has acquired Austin-based Jones Energy in an all-cash transaction valued at about $201.5 million. The transaction is expected to close in 2020Q1. Revolution is an independent oil and gas company engaged in acquisition and development of properties in mid-continent U.S. Jones is an independent oil and […]

San Antonio-based Ironwood Midstream Energy Partners said last week it closed on its acquisition of midstream assets in Dimmit and La Salle counties in south Texas from Houston pipeline and frac sand company Twin Eagle. The assets include Gardendale and Asherton gathering systems of 150 total miles of crude oil gathering pipelines with connections to […]

Houston-based oilfield services company Baker Hughes, tech giant Microsoft and Silicon Valley artificial intelligence company C3:ai last week said they have agreed to partner to bring enterprise artificial intelligence solutions to the energy industry on Microsoft Azure, a leading cloud computing platform. Baker Hughes’ announcement said the alliance “will enable customers to streamline the adoption […]

Addison-based MDM Permian said Oct. 11 it has formed an alliance with Frisco-based FireDream Resources to jointly develop up to 200 wells in the southern Midland Basin.  MDM Permian is the prospect generator and operator for the agreement that begins with four wells in Irion County on the 160-acre Lindley lease from Canyon Sands at […]

Houston-based Enterprise Products Partners said Monday it will expand its Appalachia-to-Texas ethane pipeline. The ATX pipeline of 1,200 miles transports ethane from Marcellus-Utica region of Ohio, Pennsylvania and West Virginia to EPP’s natural gas liquids storage complex in Mont Belvieu east of Houston. Current capacity is 145,000 barrels per day, and Enterprise said it is […]

Austin-based Parsley Energy and Denver-based Jagged Peak Energy said Monday they have reached a merger agreement calling for Parsley to acquire Jagged Peak in an all-stock transaction valued at $2.27 billion. Parsley will own 77 percent of the combined company after closing in 2020Q1. Parsley will have about 267,000 net acres in Permian Basin, including […]