Diamondback Energy announced yet another Permian acquisition on November 16th. The company agreed to purchase Lario Permian LLC assets focused in the core of the Midland Basin. The century-old family-owned parent company, Lario Oil & Gas, also operates in the Bakken and Mid-Continent. Diamondback offered $1.5 billion in cash and stock for about 25 Mboe/d […]
Diamondback Acquires Lario with Unclear Environmental Picture Read More »
Diamondback Energy continues to grow through a string of Permian Basin acquisitions. On October 11th, it announced that it would buy FireBird Energy’s assets, which includes 22 Mboe/d production and 38,000 acres in the western Midland Basin. FireBird bought more than half of that acreage from Chevron just a year ago. Valued at $1.6 billion
Diamondback’s ESG Goals Could Extinguish FireBird Flares Read More »
Earthstone Energy acquired NGP-backed Titus Oil & Gas in August, as part of its ongoing Permian Basin growth strategy. The $627 million cash plus stock deal brings 7,900 net acres in the northern Delaware Basin, 3 active rigs and 31,800 Boe/d production to Earthstone’s portfolio. The deal follows its first quarter purchases of Bighorn Permian
Centennial Resource Development and Colgate Energy plan to merge, becoming the largest pure-play Delaware Basin oil and gas company, valued at $7 billion. The stock market responded positively to the May 19th announcement. Centennial’s stock price quickly reversed a month-long dip, up 47% over two weeks. The press release labeled this “a merger of equals”. Beyond financials, the
Centennial and Colgate’s Delaware Basin Merger Draws an ESG Spotlight Read More »
Using ESG Dynamics data and technology, Environmental Defense Fund published a new study investigating the environmental and climate implications from recent oil and gas M&A activity. EDF sought to partner with ESG Dynamics for our industry-leading ESG data analytics. The case studies demonstrate the importance of data-driven decisions when entering any oil and gas asset transaction. By
Using Data Analytics to Understand Transferred Emissions Read More »
ESG Dynamics Founder, Gani Sagingaliyev, joined Grant Swartzwelder, President of OTA Environmental Solutions, for Episode 31 of the Oilfield Strong Webinar Series. Accurate environmental data and reporting form the backbone of any effective ESG strategy. Yet many companies don’t realize they have incorrect or missing data. Sometimes it’s a simple miscommunication among departments. Other times,
Oilfield Strong Webinar with ESG Dynamics: ESG Insights that Matter to You Read More »
ESG Dynamics Founder, Gani Sagingaliyev, joined Grant Swartzwelder, President of OTA Environmental Solutions, for Episode 25 of the Oilfield Strong Webinar Series to discuss the Permian Basin flaring trends. https://youtu.be/u9rP9Va1AkU Get started ESG Dynamics Advisory Today! Contact Us
Oilfield Strong Webinar with ESG Dynamics: Permian Basin Flaring Trends Read More »
With Pioneer’s reportedly active divestiture process in the Delaware Basin, which is comprised of legacy Parsley Energy assets, it is important to understand the impact of a potential transaction on Pioneer’s production and key environmental metrics. Pioneer’s “Pure-Play” asset base is split ~90-10, by acreage footprint, between the Midland and Delaware basins within the greater
How Does Pioneer’s Midland Basin Flaring Compare to the Delaware? Read More »
