Posts by Milan Patel
Welligence US Gulf of America Licensing | BBG1 Lease Sale driven by targeted bidding in key deepwater areas
The first US Gulf of America (US GoM) lease sale under the current Trump administration was held on 10 December 2025. Known as Big Beautiful…
Read MoreWelligence US Gulf of America Licensing | The next GoM lease sale – will it be Big and Beautiful?
The upcoming US GoM lease sale is expected to draw significant interest as operators prepare for the first round in two years. Companies are expected…
Read MoreCompany Spotlight | LLOG — A deepwater standout with a transformational growth runway
LLOG has evolved from an onshore Louisiana explorer into one of the most successful privately held deepwater operators in the US Gulf of America (US…
Read MoreWelligence Global Q3 2025 M&A Quarterly | Has global deal-making reached a nadir?
Around US$17 billion was spent on M&A globally in Q3, across 37 transactions. Spend was the lowest quarterly average of the post-Covid era. North America…
Read MoreWelligence North America Q3 2025 M&A Quarterly | MEG Energy takeover is the highlight, LLOG could be next
In Q3 2025, one major deal was announced in the Canadian Oil Sands with Cenovus reaching an initial agreement to acquire MEG Energy. Activity in…
Read MoreWelligence US Gulf of America (GoM) Benchmarking | Benchmarking the Independents – the Lower Tertiary driving growth
US Gulf of America (GoM) benchmarking highlights independents’ performance, with Lower Tertiary assets leading offshore growth. The analysis benchmarks the top 16 independents, which together…
Read MoreWelligence Global Q2 2025 M&A Quarterly | All eyes on XRG’s move for Santos
Around US$39 billion was spent on M&A globally in Q2, across 35 transactions. The majority of deal-making occurred in onshore North America, which accounted for…
Read MoreWelligence Alaska Rumblings on the Ground | Alaska’s 2nd Wave of Growth, Exploration, and LNG
Welligence recently visited Alaska to meet with government officials and key industry stakeholders to assess the current upstream environment and future outlook. Recent announcements have…
Read MoreWelligence North America Q2 2025 M&A Quarterly | Muted deal activity in Q2 as market caution persists
In Q2 2025, only one small deal was announced, with activity muted due to ongoing market volatility. Last quarter’s drop to US$59/bbl, driven by trade-related…
Read MoreWelligence US Alaska Licensing | Hilcorp is sole bidder in Cook Inlet Areawide lease sale
On June 11, the Alaska Department of Natural Resources (DNR) announced the results of its 2025 lease sale for the Cook Inlet and Alaska Peninsula…
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