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The Latest Breaking News from Permian

As Analysts Call for Brent Crude to Hit $120, Here Are the 3 Top-Rated Oil Stocks to Buy Now

J.P. Morgan believes a prolonged Strait of Hormuz disruption could push Brent to $120 to $130. Diamondback, Sunoco LP, and Viper Energy sit among Wall Street’s highest‑rated ways to ride that risk premium.

Barchart

Devon Energy CEO: 'Stars align' to acquire Coterra for nearly $26 billion in combo of near equals as merger mania returns to the oilfield

The massive Permian Basin merger creates a combined Devon with a $58 billion enterprise value.

Fortune

Analysts Revised ExxonMobil EPS Estimates, Emphasizes Permian Growth Potential

A couple of analysts reiterated their rating and price forecast on ExxonMobil Corporation (NYSE:XOM) following its third-quarter earnings reported last week.

Benzinga

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SM Energy is acquiring Civitas in $13 billion oil and gas merger of near equals in the Permian Basin

The merger is the biggest oil and gas deal in months as the U.S. industry continues to consolidate.

Fortune

Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East.

Fortune

EXCLUSIVE: Vivakor Secures $23 Million Funding To Expand Energy Business Across Permian And Eagle Ford

Vivakor (NASDAQ: VIVK) announced on Monday that it has signed a term sheet with a counterparty to provide up to $23 million in capital by issuing a new series of convertible preferred stock.

Benzinga

Crescent Energy To Absorb Vital In $3.1 Billion All-Stock Transaction

Crescent Energy Co. (NYSE:CRGY) will acquire Vital Energy Inc. (NYSE:VTLE) in an all-stock merger valued at about $3.1 billion, including debt, the companies said Monday. The deal will create one of the 10 largest independent U.S. oil and gas producers with operations across the Eagle Ford, Permian, and Uinta basins.

Benzinga

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U.S. shale oil boom transforms from money treadmill into cash cow, Chevron president says

Chevron slows down in the booming Permian as it looks to international growth.

Fortune

Forced frenemies, Exxon and Chevron take diverging paths as leaders of the booming Permian

Big Oil leaders dominate the Permian and the hottest spot in South America.

Fortune

How a sleepy Texas city turned into the energy export gateway of the U.S.

The completion of a channel deepening and widening project is taking the booming Port of Corpus Christi to new heights—and depths.

Fortune

Diamondback’s Viper Energy buys Sitio Royalties for $4B in merger of top two minerals players

The minerals and royalties deal continues Diamondback's ascent as the top producer focused on the still-booming Permian Basin.

Fortune

European fertiliser plants use US ammonia made with shale gas, investigation reveals

Despite green promises, Yara and BASF’s Texas factory relies on highly polluting natural gas from Permian Basin

The Guardian - UK

A top CEO declared the U.S. oil industry has 'peaked'

“We’re a little over 100 days into this new administration and, ‘Good Lord.' There’s been a tremendous amount of volatility introduced."

Fortune

As the mighty Permian Basin slows, Canada stands to rise in the shale oil and gas world

Kimmeridge activist investment firm eyes Canadian producers and new LNG projects.

Fortune

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MarketBeat

Occidental Petroleum: Unpacking Its Onshore Oil & Gas Strength

Occidental Petroleum's largest business segment is its onshore oil & gas production with nearly 2.7 million acres in the Permian Basin, here's what's coming.

The Texas Tribune

An abandoned West Texas oil well has created a 200-foot-wide sinkhole

The rapidly-growing sinkhole in Upton County is the latest of many problems caused by old wells in the Permian Basin.

The Independent UK

Harmful gas billowing from Texas and New Mexico comes mostly from smaller leaks, researchers say

Huge quantities of methane, a powerful greenhouse gas, are being emitting by oil and gas operators in the 75,000-square-mile Permian Basin straddling Texas and New Mexico

Barchart

1 Top Energy Stock to Profit from Shale Industry Consolidation

Merger and acquisition activity in the U.S. oil and gas sector has surged to almost $200 billion in the past year. Not surprisingly, the country’s richest shale area - the Permian Basin - has been the focus of much of the activity over the past five years - and with…

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Fortune

As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation—'the bigger the company is, the more money they make'

What’s causing the industry’s merger surge? “The Permian Basin, the Permian Basin, and the Permian Basin,” says one CEO.

Top News

Consolidation in Permian Basin continues as Diamondback acquires Endeavor Energy

Learn about the latest mergers and acquisitions in the Permian Basin, with a focus on potential companies that could be acquired in the future.

Barchart

7 Energy Dividend Stocks Analysts Expect to Rally

With another major M&A deal in the Permian Basin pushing oil and gas stocks higher today, here's a look at the passive income picks Wall Street analysts like best.

International Business Times

Berkshire Hathaway Adds Nearly $600M In Occidental Petroleum Stock After Permian Basin Acquisition

Warren Buffett's conglomerate increased its ownership of Occidental this week, signaling approval of the Houston-based oil company's purchase of CrownRock.

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