Saturday, January 24, 2026
The Shale Boom in the Permian Is Slowing Down - 360

RSP Permian Acquires Silver Hill Energy Partners for $2.4 Billion

RSP snags 15 MBOEPD of Permian Basin production RSP Permian (ticker: RSPP) today announced it has entered into definitive agreements to acquire Silver Hill Energy Partners, LLC (“SHEP I”) and Silver Hill E&P II, LLC (“SHEP II,” and together with SHEP I, “Silver Hill”) for $1.25 billion of cash and 31.0 million shares of RSP common stock in aggregate, implying a total purchase

Freeport-McMoRan Sells another Chunk of its Oil & Gas Assets for $742 Million

Freeport-McMoRan severs its California onshore assets, price tied to Brent futures Freeport-McMoRan (ticker: FCX) announced today a purchase and sale agreement to sell its onshore California oil and gas properties to Sentinel Peak Resources California LLC for total consideration of $742 million, including contingent consideration. Under the terms of the agreement, FCX will receive cash consideration of $592 million at closing and additional consideration of $50 million per annum

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

Hunters and Gatherers in the Hottest Oil Play in the U.S.

The Delaware Basin is becoming an increasingly attractive asset, but takeaway could become an issue The Delaware Basin has become an extremely sought after asset since the decline of oil prices that began in 2014. Even at $50 oil, many operators feel the area offers good returns, and they’re willing to pay for them. The hunters PDC Energy (ticker: PDCE)

Natural Gas Drilling Up as Prices Rise Above $3 in October

Natural gas drilling is picking up, with Baker Hughes reporting 11 more rigs this week Natural gas prices have increased more than 72% in the last six months, and the stronger economics have spurred more drilling, according to information released by Baker Hughes (ticker: BHI). The rig count increased by 15 in the week ended October 14, but 11 of