Serving Mineral Owners, Investors, & Industry Professionals With Information, Transaction & Advisory Services| OklahomaMinerals.com
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a move that deepens its operating footprint in Oklahoma and strengthens its portfolio of producing assets. The transaction brings approximately 23 high-quality producing wells into Diversified’s portfolio, alongside a significant expansion of acreage positions that complement the company’s existing operations in the […] The post $550MM Canvas Acquisition Expands Diversified Energy’s Oklahoma Foot...| OklahomaMinerals.com
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production are poised to strike one state more than any other: New Mexico. Congress this year cut federal oil and gas royalty rates by 25 percent, reducing the income that states earn for leased mineral rights on public lands in their territory. […]| OklahomaMinerals.com
The U.S. oil and gas industry is entering a period of retrenchment, marked by falling budgets, mass layoffs, and a slowdown in drilling activity. With oil prices hovering near breakeven levels for many producers and a wave of consolidation reshaping the sector, more than twenty publicly traded operators have announced capital expenditure reductions totaling about […] The post U.S. Oil Producers Slash 2025 Spending as Prices Slide and Consolidation Mounts appeared first on OklahomaMinerals.com.| OklahomaMinerals.com
Serving Mineral Owners, Investors, & Industry Professionals With Information, Transaction & Advisory Services| OklahomaMinerals.com