Exclusive: Chevron’s Big Worry for the Permian Basin? Infrastructure

Colin Parfitt, the president of midstream for Chevron, said U.S. permitting can be slow and the LNG has only exacerbated concerns about moving Permian gas to Gulf Coast export terminals.

What's Affecting Oil Prices This Week? (Oct. 7, 2024)

Given last week’s price increase, Stratas Advisors estimates that the oil market is placing about a 10% probability that the conflict between Israel and Iran will result in a disruption to the flow of oil.

Utica Oil E&P Infinity Natural Resources Latest to File for IPO

Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.

Venezuela Lost Citgo, But the Battle’s Not Over Yet

Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.

US Drillers Cut Oil, Gas Rigs for Third Week in a Row

The oil and gas rig count fell by two to 585 in the week to Oct. 4. 

Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work

Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.

AI: Herald of New Shale Age or Last-ditch Effort to Save Industry?

AI’s ability to optimize may usher oil and gas into a new age—or simply improve on past unconventional recovery methods—depending on who you talk to.

Politics Over Returns? Private Equity’s Renewables, Hydrocarbon Challenge

Private equity is a leader in clean energy investment, but it hasn’t been easy.

Uinta Railroad Up for Review as Supreme Court Term Begins

Court analysts say a decision on the proposed Uinta Basin railway, coming next year, could have a major impact on the energy industry.

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.