Good morning! US O&G continues to show the deal froth as 2024's total M&A $$$ are already about to eclipse the 2023 mark with 4Q remaining in the year! Along those lines Crescent bolted on another EF acquisition for $168mm to support their SilverBow acquisition. Chesapeake continues to put along by curtailing gas production. And Williams was in the news with growth plans to the tune of 4.2 Bcf/d in the next three years. Let's drill down.

Daily Headlines

• US oil and gas M&A nears 2023 record as focus shifts from Permian.(Reuters)

• Fracking led the U.S. to pump more oil than any country in history — here's what that means for the green energy transition.(CNBC)

• Chesapeake Energy continues to curtail US natural gas production.(BOE Report)

• ESG investing backlash grows amid anti-oil stance reversal.(Oil Price)

• Williams denies rumors of seeking a buyout of Targa Resources.(Hart Energy)

• Brent crude price drops $1 on renewed demand fears.(Hart Energy)

• Biden grants LNG export approval to New Fortress Energy post-ban.(Oil and Gas 360)

Deal Flow

M&A/Investment

• Crescent acquires Eagle Ford assets in a $168 million deal.(OGJ.Com)

• Vista Energy to invest over $1 billion in expanding Argentina shale.(Natural Gas World)

• Williams to add 4.2-bcfd of US natgas projects in 2024-2027, CEO says at Barclays conference.(BOE Report)

• TXO Partners closes $296 million acquisition in Williston Basin.(Hart Energy)

• TotalEnergies and Adani Group launch a new strategic joint venture.(Upstream Online $$$)

• Solaris Oilfield Infrastructure wins shareholder approval for $200 million acquisition.(Rigzone)

IPO/Direct Listing/Issuances/Block Trades

• Gulfport Energy increases debt offering to $650 million.(Hart Energy)

• Mach Resources taps equity markets to fund a $136 million Midcontinent acquisition.(Hart Energy)

• Adnoc enters bond market with a three-tranche dollar deal.(Rigzone)

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1