Camino Reportedly Seeking $2B Sale as Midcon M&A Heats Up
Based on reports from January...
Based on reports from January 30, 2025, Camino Natural Resources, a major private oil and gas producer in Oklahoma's Anadarko Basin, is seeking a potential sale that could be worth $2 billion. The company's private equity owner NGP Energy Capital Management has initiated a sales process through RBC Capital Markets. Key details:
Study: Large-scale EOR could bring tax windfall for N.D.
Wider adoption of CO2-enhanced oil recovery could unlock an additional...
Wider adoption of CO2-enhanced oil recovery could unlock an additional 5 to 8 billion barrels of oil from the Bakken Shale in the long term and generate up to $9 billion in new oil tax revenue for North Dakota over the next decade, according to a new report released by state Tax Commissioner Brian Kroshus. However, federal tax policies currently favor permanent CO2 storage over EOR recovery, creating a financial hurdle that state leaders argue must be addressed to attract industry investment.
Enverus: US O&G dealmaking sees 3rd highest total in 2024
US upstream oil and natural gas mergers and acquisitions reached $105...
US upstream oil and natural gas mergers and acquisitions reached $105 billion in 2024, marking the third-highest annual total despite a sharp slowdown in the last quarter of the year, according to Enverus. Gas-focused deals surpassed $20 billion for the first time since 2016, driven by growing LNG demand and expanding power needs. While the Permian Basin dominated dealmaking, mature shale plays such as the Williston Basin and Eagle Ford gained renewed attention as prime Permian targets dwindled.
Apple’s earnings report was a mixed bag. The iPhone-maker...
Apple’s earnings report was a mixed bag. The iPhone-maker reported its fiscal first quarter financials yesterday, and while overall sales were strong ($124.3 billion in revenue, beating estimates), iPhone sales missed the mark. Perhaps the company’s most closely watched figure, iPhone revenue was $69 billion, below expectations of $71 billion. An 11% drop in sales in China, which Apple said was due to production issues, was largely to blame. CEO Tim Cook told CNBC that sales of the smartphone were stronger in countries where Apple’s AI features are available.
MrBeast’s bid to buy TikTok, which includes several other investors, has secured more than $20 billion for the offer, Bloomberg reported.
The DOJ sued to block Hewlett Packard’s $14 billion purchase of Juniper Networks, marking the first antitrust action of President Trump’s second term.
Suni Williams and Butch Wilmore, the NASA astronauts who have been stuck on the International Space Station since June, performed their first spacewalk together yesterday.
SoftBank is reportedly in talks to invest up to $25 billion in OpenAI.
Oil ends higher as traders weigh tariff uncertainty, await next move from OPEC+
Oil futures finished higher Thursday, a day after the...
Oil futures finished higher Thursday, a day after the U.S. benchmark saw its lowest settlement of the new year, as traders continued to weigh the possibility that President Donald Trump will implement tariffs on Canada and Mexico, which are among the biggest sources for U.S. oil imports.
Traders also looked ahead to an upcoming meeting of ministers from OPEC+ - made up of the Organization of the Petroleum Exporting Countries and its allies - and their possible response to President Trump's recent call for increased production.
🟢 West Texas Intermediate crude CL00 for March delivery CL.1 CLH25 edged up by 11 cents, or nearly 0.2%, at $72.73 a barrel on the New York Mercantile Exchange. The front-month WTI contract ended Wednesday at its lowest since Dec. 31.
🟢 March Brent crude BRNH25, the global benchmark, rose 29 cents, or 0.4%, at $76.87 a barrel on ICE Futures Europe. The more actively traded April contract BRN00 BRNJ25 settled at $75.89 a barrel, up 28 cents, or 0.4%.
🟢 February gasoline RBG25 tacked on nearly 0.1% to $2.04 a gallon, while February heating oil HOG25 added 0.9% to $2.48 a gallon.
🔴 Natural gas for March delivery NGH25 settled at $3.05 per million British thermal units, down 3.9%, after gaining 1.5% Wednesday.
