Joseph
Markman
Hart Energy
Significant ROI for Energy Lobbyists Willing to Invest in Capitol Expenditures
Influencing policy in Washington requires substantial investment in campaign donations and lobbying. But the ROI is substantial, as well.
ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.
US Oil, Gas Rig Count Unchanged this Week
The oil and gas rig count held at 585 to Nov. 1. Baker Hughes said that puts the total rig count down 33 rigs, or 5% below this time last year.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
ONEOK’s Acquisitions Pay Off with Increased Earnings
ONEOK Inc. also announced the completion of its $2.6 billion Medallion Midstream deal.
Hess Goes Forth in Bakken with Chevron Deal Entangled in Dispute
Waiting to close a $55 billion sale to Chevron, Hess Corp. plans to continue running four rigs in the North Dakota Bakken shale play through the fourth quarter.
Oil Prices Rise as OPEC+ Considers Delaying December Output Increase
Oil prices rose more than 2% on Oct. 30 after Reuters reported that OPEC+ could delay a planned oil production increase in December by a month or more because of concern over soft oil demand and rising supply.
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.
WoodMac: $3.5 Trillion Needed Annually to Hit Net Zero Targets
Higher demand for oil, gas and coal will delay peak emissions past 2030 and push the world beyond Wood Mackenzie’s base transition case and closer to a 3 C pathway, the consultancy said in a new report.
'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.