Saturday, June 7, 2025

Riverstone Acquires $175 Million Majority Stake in NGP’s Centennial Resource Development

Riverstone Energy Limited (ticker: RSE) has signed an agreement alongside other funds affiliated with Riverstone Holdings, LLC to acquire a majority stake in Centennial Resource Development LLC from NGP Energy Capital and certain other related coinvestment funds. The investment by REL is expected to comprise up to US$175 million depending upon approval for the transaction by the other Riverstone affiliated funds. Closing of the transaction is expected to

Resolute Announces $110 Million Midstream Sale, Potential for More Drilling

Resolute Energy sold off midstream assets for a $50 million payment and up to $60 million in earn-out payments Resolute Energy Corporation (ticker: REN) announced an agreement to sell certain Permian Basin midstream assets for roughly $110 million. The purchaser — an undisclosed Permian Basin midstream company – entered into a series of agreements with Resolute and an existing minority

North Dakota Production

U.S. Rig Count Continues its Climb

Rig counts continue to climb while oil prices retreat After yesterday’s bottom fell out for oil and prices hover near the $45 per barrel mark, the U.S. rig count continues to increase. The total number of rigs actively drilling this week increased by nine to 440, according to information released from Baker Hughes Industries (ticker: BHI). Despite increases over the