Dan Pickering, founder and chief investment officer at Pickering Energy Partners, joined Hart Energy’s Jessica Morales by Zoom to discuss the fallout from the devastating plunge in oil prices this week and where that leaves M&A.
Pickering also shared his take on the Texas Railroad Commission’s decision to not mandate oil production cuts, for now, saying: “Maybe the Railroad Commission comes in when demand gets better and we get closer to bridging that supply/demand gap. That’s when it’s really going to matter.”
As far as what energy investing in 2020 will look like moving forward, Pickering added, “The big guys are going to survive and you really have to start picking winners and losers in the smaller cap. Being very selective is what I would call energy investing 2020-style.”
Recommended Reading
Harold Hamm: ‘Drill, Baby, Drill’ Faces Geology Barriers, Even Under Trump
2024-11-18 - Harold Hamm, Continental Resources founder and major Trump donor, says the U.S. faces real barriers to expanding production growth—even with Republicans controlling D.C.—as major shale basins mature.
Back to the Future: US Shale is Growing Up
2025-01-07 - The Patch’s maturity will be tested in 2025 amid ongoing consolidation and geopolitical dissonance.
Hirs: Investing for 2025—Growth by Acquisition
2025-01-29 - Fundamentals will push against increased production and a buyers’ market will rule.
Aethon Dishes on Western Haynesville Costs as Gas Output Roars On
2025-01-22 - Aethon Energy’s western Haynesville gas wells produced nearly 34 Bcf in the first 11 months of 2024, according to the latest Texas Railroad Commission data.
Exxon: Longer Laterals, Cube Well Design Lowering Permian Costs
2024-12-11 - Exxon Mobil is boosting spending to grow global oil and gas production by 18% by 2030. U.S. rival Chevron Corp. recently said it’s cutting spending in favor of free cash flow.
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.