Coconut Water E&P??

Shell and Equinor create UK's largest independent O&G company; CNX to acquire Appalachian basin natural gas business from Apex Energy for ~$500mm; Matador Consolidates Midstream Subsidiary, JV in $600MM Deal; Permian EOR Firm Plans Reverse Merger with Coconut Water Brand

Good morning! Lots of deals in the news! Shell and Equinor combine in North Sea operations for largest independent O&G co in the UK. CNX acquires more Appalachia for ~$500mm from Apex. Matador consolidated its two Midstream JV's in a $600mm transaction. And finally I found a gem of a headline: "Permian EOR Firm Plans Reverse Merger with Coconut Water Brand". Let's drill down.

Daily Headlines

  • Chevron Slows Permian Growth in Latest Hurdle to Trump Oil Plan Bloomberg

  • ‘Drill, baby, drill’ is not so simple Financial Times

  • How ultra-deepwater is revitalising oil and gas exploration Woodmac

  • Argentina’s crude oil and natural gas production near record highs Eia

  • Historic gas discovery in Colombia by Petrobras and Ecopetrol OilPrice

  • US gas prices rise as Europe seeks more supply OilPrice

  • Gas prices poised for a major breakout in 2025 OilPrice

Deal Flow

M&A/Investment

  • Shell and Equinor create UK's largest independent O&G company World Oil

  • CNX to acquire Appalachian basin natural gas business from Apex Energy for ~$500mm Oil & Gas Journal

  • Matador Consolidates Midstream Subsidiary, JV in $600MM Deal Hart Energy$$$

  • Saudi Arabia plans $2.5 trillion investment in mining for economic diversification OilPrice

IPO/Direct Listing/Issuances/Block Trades

  • Permian EOR Firm Plans Reverse Merger with Coconut Water Brand Hart Energy

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