Analyst and author Tom Petrie discusses recovery in the Rockies, and why he believes the real interesting future for the U.S. is in natural gas.
“We’re seeing a recovery. It’s not an all-out recovery, like we’re seeing in the Permian, but it’s a good solid one,” said Tom Petrie, chairman, Petrie Partners, when discussing the state of the oil and gas industry in the Rockies with Hart Energy’s Jessica Morales.
Petrie also talked about the effect of policy changes on the industry, particularly the landlocked Rockies. He notes the opportunity the opening up of U.S. oil exports presents to producers in the Bakken and Niobrara.
He also discusses why natural gas is “the real interesting story.”
Recommended Reading
Exxon to Sell Older Permian Assets to Hilcorp in $1B Deal, Sources Say
2024-11-13 - Reuters reported in June that Exxon was auctioning the assets to focus on higher growth shale drilling properties, following the completion of its $60 billion takeover of Pioneer Natural Resources in May.
Surge Closes on Divestment of Alberta Non-Core Gas Assets
2024-12-20 - Surge Energy said it has focused on developing its core Sparky and southeast Saskatchewan crude oil assets, leaving the Alberta non-core assets undercapitalized.
Permian EOR Firm Plans Reverse Merger with Coconut Water Brand
2024-12-05 - Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
2025-01-27 - Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
2025-01-15 - Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
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.