Darren
Barbee
Oil and Gas Investor
Continental Resources Agrees to Harold Hamm’s Boosted Take-private Offer
Continental Resources entered a merger agreement on Oct. 17 to be acquired for $74.28 per share, which represents a 15% premium to the closing price on June 13—the day before Hamm’s family disclosed their initial $70 per share proposal.
Analysts: Diamondback Feeds the Inventory Beast with $1.6 Billion Bolt-On
The deal adds inventory to Diamondback Energy—the second largest oil producer in Texas—that compares in quality to the company’s prodigious Spanish Trail acreage, analysts said.
NCS Multistage Taps Michael Morrison from ION for CFO Position
NCS Multistage’s current CFO, Ryan Hummer, was named Co-founder and CEO Robert Nipper’s successor, who announced his intention to retire in late July.
Bluescape Looks to Scale Up Renewable Gasoline amid Energy Transition
Ernie Miller, co-founder and CEO of the renewable gasoline-focused company, shares with Hart Energy insight on Bluescape’s plans to merge with special purpose acquisition company CENAQ Energy Corp. and go public.
Investors to Top Permian Producers: Go Get ’Em!
Confident that E&Ps will continue to temper growth and prioritize cash flow generation, investors have enthusiastically returned to the oil and gas fold, providing the industry with index-beating stock performance.
Exxon Mobil Reportedly Considers Buying Plano, Texas-Based Denbury
Exxon Mobil has expressed preliminary interest in Denbury, but no final decision has been made, a Bloomberg report said, adding the oil major could opt against proceeding with a potential deal.
Wall Street Cranks Up Exxon Mobil’s Outlook on Booming Natgas Prices
On Oct. 4, Exxon Mobil said the approximately $2 billion increase in natural gas profits more than offset a quarterly decline of about $1.6 billion in oil profits.
Exclusive Q&A: Oxy’s Hollub Pleased with Permian Basin JV
Occidental Petroleum’s President and CEO Vicki Hollub talked briefly with Hart Energy about her company’s JV in the Permian Basin with Colombia’s NOC Ecopetrol, which she said benefits both companies.
Exxon Mobil Signals Strong Q3 Earnings on Natural Gas Pricing
Exxon Mobil, the largest U.S. oil producer, issued a snapshot of factors affecting its third quarter that showed results could land near the company's $17.9 billion second-quarter profit.
EOG Resources Names Ezra Yacob Board Chairman as Bill Thomas Retires
Ezra Yacob has served as CEO of EOG Resources since October 2021. He was appointed to the role following Bill Thomas’ retirement.