
Jordan Soto, executive producer, Hart Energy: Some say that the energy industry is entering into unprecedented times with consolidation like the industry has never seen before.
This is your A&D Minute powered by BOK Financial Securities. Joining us is Derek Podhaizer, vice president of equity research for U.S. onshore energy services/geothermal at Barclays.
Derek, what's next for the North American shale and the energy industry as a whole? We've seen a lot of consolidation, particularly this last year. What's next?
Derek Podhaizer, vice president equity research of U.S. onshore energy services/geothermal, Barclays: Right, so I think what comes with the maturing U.S. shale cycle is the industrialization of U.S. shale, accelerated by continued consolidation on the E&Ps and the services. And I think having these bigger, well-capitalized, disciplined players that could answer the call on demand from the E&Ps as far as providing the appropriate scale to complete these larger projects—this is where you smooth out the cyclicality of oil and gas, the boom-bust cycles that we've seen in the past. And going forward, smoothing out those cycles to create better companies, better businesses, generating returns, expanding margins and returning cash back to shareholders, ultimately creates a more investible U.S. shale for the future.
JS: That's your A&D Minute with BOK Financial Securities.
Recommended Reading
Occidental to Up Drilling in Permian Secondary Benches in ‘25
2025-02-20 - Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
Civitas Makes $300MM Midland Bolt-On, Plans to Sell D-J Assets
2025-02-25 - Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.
In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?
2025-03-28 - With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
Shale Outlook Uinta: Horizontal Boom to Continue in 2025
2025-01-11 - After two large-scale transactions by SM Energy and Ovintiv, the Uinta Basin is ready for development—and stacked pay exploration.
Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale
2025-02-28 - Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.