Ovintiv to Divest Permian Assets Amidst M&A Rumors
Ovintiv is marketing assets in the Permian Basin amidst rumors that the Denver-based E&P is looking to join in on the M&A frenzy.
October 2, 2024
No Shortage of Capital, Shortage of Investable Low-carbon Projects
Investors are looking to the bankability equation—sustainability plus guaranteed returns—and finding that the energy transition’s problem is not a shortage of capital, but a shortage of investable projects.
September 30, 2024
Hurricane Helene Shuts in Nearly 30% of GoM Crude Production
Bumped up to hurricane classification on Sept. 25, Hurricane Helene has shut in 29% of crude and 17% of natural gas production in the Gulf of Mexico as it nears landfall in Florida tomorrow.
September 25, 2024
‘Misguided’ Approach to Energy Transition Threatens Energy Security
International Energy Forum Secretary General Joseph McMonigle says a single, linear pathway to the energy transition is “misguided and an outdated approach.”
September 18, 2024
Industry Warns Ruling Could Disrupt GoM Oil, Gas Production
The energy industry slammed a reversal on a 2020 biological opinion that may potentially put an indefinite stop to oil and gas operations in the Gulf of Mexico—by December.
September 11, 2024
Analysts: ‘Rare’ Summer NatGas Drawdown May Occur
A natural gas storage withdrawal for the Lower 48 may be in the cards this summer, the first to occur since 2016.
August 15, 2024
ConocoPhillips to Acquire Marathon Oil for $17.1B
The ConocoPhillips-Marathon Oil deal is valued at $22.5 billion when including $5.4 billion of debt and adds complementary acreage to ConocoPhillips’ Lower 48 portfolio with more than 2 Bbbl of resource.
May 29, 2024
Energy Transfer to Buy Permian Midstream Player WTG for $3.25B
Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.
May 28, 2024
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.
May 2, 2024
Biden Administration Criticized for Limits to Arctic Oil, Gas Drilling
The Bureau of Land Management is limiting new oil and gas leasing in the Arctic and also shut down a road proposal for industrial mining purposes.
April 19, 2024