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More Government Bids News
Iraq Energy Cabinet, Schlumberger Ink $480MM Well Deal
Iraq's energy cabinet has awarded Schlumberger Ltd. a drilling contract worth ~$480 million, according to multiple reports. The agreement features the drilling of 96 oil wells in the…
W&T Offshore High Bidder on GOM Lease; Updates Credit Facility, Hedges
W&T Offshore, Inc. has provided an update regarding several matters including the consolidation of its two Alabama natural gas treatment facilities, the awarding of two blocks from the…
W&T Offshore Submits Winning Bid on Two Shallow GOM Blocks
W&T Offshore, Inc. has been named the high bidder on two blocks in the Gulf of Mexico Lease Sale 256 held by the Bureau of Ocean Energy Management…
Talos Wins GOM Exploration Blocks in Latest Bid Round; 11,520 Gross Acres
Talos Energy Inc. has been awarded two GOM deepwater blocks in the recent Outer Continental Shelf Federal Lease Sale 256, held on November 18, 2020. Properties that Talos…
Australia Opens 2020 Bid Round for New Offshore Permits
The Commonwealth of Australia has opened up its 2020 bidding round for offshore acreage. Per the country's official government website, companies will have the opportunity to bid on…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian - Delaware Basin News
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…