There’s a popular response to the inexplicable: “I don’t know. I don’t make the rules.” But what is known with certainty, as shown throughout history, is that we can change them.
Advances in drilling technology reignited a stagnant American oil and gas industry and turned the U.S. into the world’s largest crude exporter. Despite momentum for a clean energy transition, experts at Hart Energy’s 50th Anniversary Hall of Fame Awards ceremony said U.S. oil and gas will be needed for decades to come.
Founded in 1973 with a Rockies-focused magazine and a directory, Hart Energy today is the go-to source of internationally recognized print, digital, in-person conference, mapping and databases of market intelligence for U.S. and global energy leaders.
A half-century of massive deals, eye-popping purchase prices and larger-than-life characters have reshaped the global energy landscape as we know it.
TG Natural Resources, majority owned by Tokyo Gas, is looking to add Haynesville locations as inventory grows scarce, CEO Craig Jarchow said.
Kinder Morgan’s Vice President of Public Affairs Allen Fore said the current regime’s regulatory stance is the biggest change he’s seen in his lifetime.
Coastal natural gas storage is likely to become a high-valued asset, said analyst Amol Wayangankar at Hart Energy’s DUG Gas Conference.
Mesa Minerals IV, backed by NGP funds, is launching to acquire mineral and royalty interests in the Permian and Haynesville, said Mesa President and CEO Darin Zanovich at DUG Gas.
Sabine, owned by Japanese firm Osaka Oil & Gas, will add a fourth rig on its East Texas leasehold next month, President and CEO Carl Isaac said.
Futures are up, but extra Haynesville Bcfs are being kept in the ground for now, while operators wait to see the Henry Hub prices. A more than $3.50 strip is required, and as much as $5 is preferred.
There’s a popular response to the inexplicable: “I don’t know. I don’t make the rules.” But what is known with certainty, as shown throughout history, is that we can change them.
Thaimar Ramirez, president and general manager for Occidental Petroleum’s Midland Basin Business Unit, said 100 days after closing the CrownRock acquisition production guidance keeps going higher.
Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.
Surge Energy’s Travis Guidry discusses the potential for $1.3 billion in Permian Basin M&A and the company’s quest to grow inventory organically.