“Wow!” That’s how Tudor, Pickering & Holt described Marathon Petroleum’s megamerger with Andeavor. What did other analysts have to say about the deal?
Also, Dallas Cowboys’ owner Jerry Jones has some good assets in the Bakken and now Comstock has a piece of them, while in exchange Jones will now own most of Comstock’s equity.
In international news, BP hinted at future dividend increases, Russia is still above the OPEC deal target and Saudi Aramco named its first woman director.
Finally, at the Offshore Technology Conference in Houston, Chevron and others touted offshore’s potential despite shale’s existence.
Recommended Reading
E&Ps Pivot from the Pricey Permian
2025-02-02 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Hibernia IV Joins Dawson Dean Wildcatting Alongside EOG, SM, Birch
2025-01-30 - Hibernia IV is among a handful of wildcatters—including EOG Resources, SM Energy and Birch Resources—exploring the Dean sandstone near the Dawson-Martin county line, state records show.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
2025-01-09 - Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
2025-01-07 - Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
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