Chris
Mathews
Hart Energy
US Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine
Francine is moving toward U.S. Gulf of Mexico waters and predicted to become the fourth hurricane of the Atlantic season.
What's Affecting Oil Prices This Week? (Sept. 9, 2024)
Within the context of lower oil prices and disappointing economic data, members of OPEC+ have decided to delay the unwinding of voluntary cuts, which were expected at the end of September.
Hurricane Threatens LNG and Power Demand as Francine Forms in GoM
LNG export plants and offshore oil platforms in the Gulf of Mexico are already taking a hit as as Francine strengthens.
Shell Pauses Some Oil Drilling Operations as Storm Francine Approaches Texas Coast
Shell paused some drilling operations at its Perdido and Whale offshore platforms in the Gulf of Mexico in anticipation of Francine's approach.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row
The oil and gas rig count fell by one to 582 in the week to Sept. 6, the lowest since June.
Non-op Rising: NOG’s O’Grady, Dirlam See Momentum in Co-purchase M&A
Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam.
ARC Resources Divests Non-core, Non-Montney Assets
ARC Resources did not provide additional information on the divested assets, which the company said had results in proceeds of $59.2 million.
Go Long: Exxon, EOG Extend Permian Laterals, Lead US Onshore Drilling
When it comes to drilling in U.S. onshore basins, no other operators are drilling more than Exxon Mobil and EOG Resources, according to Enverus data.
OPEC+ Agrees to Delay October Output Hike for Two Months, Sources Say
Oil prices edged up from multi-month lows on reports of an OPEC+ delay as well as a decline in U.S. inventories, though gains were capped by persistent demand concerns.
Mach Taps Equity Markets to Fund $136MM in Midcontinent M&A
Mach Natural Resources is offering to sell common units to fund two pending acquisitions in the Ardmore and Anadarko basins.