Thursday, January 9, 2025
Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

SandRidge Rejects Midstates’ Proposal

SandRidge Energy, Inc. (ticker: SD) said that its board of directors, after careful consideration and a detailed technical and financial review, has rejected Midstates Petroleum Company, Inc.’s (ticker: MPO) unsolicited public offer to combine the two companies in a stock-for-stock merger at a 60%/40% exchange ratio. After extensive analysis, SandRidge has concluded that the relative asset values of the two

Penn Virginia names Director - Oil & Gas 360

Venado and KKR Add Another Cog for $765 Million

Venado Oil and Gas, LLC and KKR will acquire the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (ticker: COG) for a purchase price of $765 million. Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of South Texas (Atascosa, Frio

Northern Oil and Gas Increases 2018 Production Guidance

Northern Oil and Gas, Inc. (ticker: NOG) expects its Q1 2018 average daily production to increase by 5% to 6% over fourth quarter 2017 – a sequential increase of nearly 1,000 BOEPD. In a similar vein, Northern will be raising its full year 2018 production guidance, and the company is now expecting average daily production to increase by 18% to