mergers and acquisitions
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The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
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The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.
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The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
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The deal adds physics-based reservoir modeling and real-time decision workflows to SLB’s digital portfolio.
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Corporate consolidation and foreign buyers helped drive $38 billion in upstream deals in the first quarter of 2026.
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The transaction creates a new company, NEO NEXT+, which is now the largest independent producer on the UK Continental Shelf.
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The companies' combined technologies enable real-time control of well placement, hydraulics, and rig operations.
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Enverus analysts say limited development opportunities and lower oil prices restrained deal activity outside North America for a second consecutive year.
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The asset sale to an undisclosed buyer includes 360,000 net acres in Oklahoma.
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Enverus projects 2026 activity aimed at gaining access to gas along the Gulf coast and disaggregation of assets.
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