(World Oil) – Repsol SA is considering a reverse merger of its upstream unit with potential partners including U.S. energy producer APA Corp., people with knowledge of the matter said, as it seeks ways to list the business in New York. The Spanish oil and gas company has held exploratory discussions with APA, formerly known as Apache Corp., about the
(BOE Report) – CALGARY – Oilsands giant Cenovus Energy Inc. has completed its takeover of MEG Energy Corp. The two companies had neighbouring properties in the oilsands at Christina Lake, south of Fort McMurray, Alta. With the purchase, Cenovus gets another 110,000 barrels a day of production from what had been MEG’s flagship operation. The deal was worth more than $8.6 billion in cash,
(World Oil) – Ranger Energy Services, Inc. announced an agreement to acquire American Well Services (AWS) from Argonaut Private Equity in a transaction valued at approximately $90.5 million, expanding Ranger’s well-servicing scale by roughly 25% and positioning it as the largest well services provider in the Lower 48. The acquisition strengthens Ranger’s presence in the Permian Basin, adds complementary service lines,
(World Oil)– Civitas Resources Inc. reported strong financial and operating results for the third quarter of 2025, driven by higher production, lower costs, and continued balance sheet strength. The company earned net income of $177 million, generated $860 million in operating cash flow, and achieved Adjusted EBITDAX of $855 million, exceeding internal forecasts. Oil and total production volumes rose 6%
(World Oil) – Ovintiv Inc. announced a definitive agreement to acquire Calgary-based NuVista Energy Ltd. in a cash-and-stock transaction valued at approximately $2.7 billion (C$3.8 billion), marking a major expansion of its oil-weighted position in Canada’s Montney formation. The deal, unanimously approved by both companies’ boards, is expected to close by the end of the first quarter of 2026. Under the
(Oil & Gas) – HOUSTON, Nov. 05, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today it has entered into a definitive agreement to sell all of its interests in Oklahoma for a total contract price of $92.5 million, subject to customary post-closing adjustments (the “Oklahoma Transaction”). The Oklahoma Transaction is expected
(World Oil) – IOG Resources II, LLC (IOGR II) has announced the acquisition of producing non-operated natural gas assets in the Appalachian Basin from an undisclosed seller. The assets, operated by Seneca Resources, an affiliate of National Fuel Gas Co., are located primarily across Clearfield, Elk and McKean counties, Pennsylvania, and currently produce approximately 19 MMcf/d. The transaction marks the seventh
(World Oil) – Comstock Resources Inc. reported higher third-quarter earnings on improved natural gas prices and continued strong drilling results in the Haynesville and Bossier shales, while moving forward with the sale of its Shelby Trough assets for $430 million (USD). Natural gas and oil sales, including hedging gains, rose to $335 million, generating $190 million in operating cash flow.
(Oil & Gas 360) Value-Enhancing Scale Premier portfolio across the highest-return U.S. shale basins drives significant free cash flow and enhanced stockholder value Pro forma second quarter of 2025 production totaled 526 MBoe/d Pro forma full-year 2025 consensus free cash flow of more than $1.4 billion Step-change in free cash flow supports sustained return of capital Value-Driven Synergies Proven management
(Oil Price) – Big Oil is reporting third-quarter results this week and next. No surprises are expected—Big Oil has been having an eventful year featuring tariffs, sanctions, and glut predictions—and these events will be reflected in financial reports. Yet analysts are already looking ahead to 2036 and what Big Oil plans to do next. So far, two big oil companies have
(World Oil)– Chevron Corporation reported record oil and gas production in the third quarter of 2025, driven by the integration of Hess Corporation assets and strong performance from core upstream regions including the Permian basin, Gulf of America, Kazakhstan, and Guyana. The company’s global production rose 21% year-over-year to 4.1 million boe per day, its highest on record. The acquisition
(Oil and Gas 360) – HOUSTON, Oct. 29, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced a series of transactions that will result in a complete exit from its interests in East Texas, for a total anticipated combined consideration of $127.5 million: Haynesville Monetization Transaction: Amplify has sold its remaining interest in
