Naomi Klinge
Naomi Klinge is a financial journalist covering the energy industry. She reports on mergers and acquisitions, financial deals, and company news in the sector. Her work often involves analyzing complex financial transactions and their implications for companies and the market.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
SM Energy on the Brink of $3 Billion Acquisition of XCL Resources in Uinta Basin
Broke On: Thursday, 27 June 2024SM Energy, a Denver-based oil and gas company, is in advanced talks to acquire XCL Resources, a top Utah producer with an estimated $3 billion valuation and daily output of 55,000 barrels of oil equivalent. The deal would boost SM Energy's net production from 152,000 to approximately 195,000 boed per day. EnCap Investments-backed XCL Resources operates in the fast-growing Uinta Basin and is expected to close in September 2024. J.P Morgan, Bank of America, and Wells Fargo have committed $1.2 billion for financing.