Wednesday, April 16, 2025

Concho Announces Largest Permian Deal Ever

$9.5 billion purchase of RSP Permian M&A activity in the Permian has come roaring back, with Concho Resources (ticker: CXO) announcing the biggest deal ever seen in the basin. Concho will acquire RSP Permian (ticker: RSPP) in an all stock deal valued at $9.5 billion, inclusive of debt. According to Concho, this will make the company the largest unconventional shale

Energy Executives Weigh In: Dallas Fed Survey

Activity up for eighth quarter in a row Oil and gas activity has continued to strengthen in 2018, according to the Federal Reserve Bank of Dallas, which released its quarterly Energy Survey today. The Fed’s overall business activity index, which examines changes in conditions and activity, was 40.7 in Q1 2018. This means activity increased in the past quarter, as

Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore

Frontera Energy Corporation (ticker: FEC) reported a net loss of $217 million, or $(4.33) per share for 2017. In Q4 2017, the company posted a net loss of $33 million, or $(0.65) per share. The company attributed the year’s loss to impairment charges in the aggregate amount of $123 million and mark to market loss on risk management activities of