'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.

Marketed: Territory Resources 15-well Package in Oklahoma

Territory Resources LLC has retained EnergyNet for the sale of 15-well package in Kay, Noble and Pawnee counties, Oklahoma.

Navigating the Crossroads: Oil, Gas Industry Reimagines its Role in Tech Age

The oil and gas industry has both a need and an opportunity to embrace the digital transformation while engaging the next generation of its workforce.

What's Affecting Oil Prices This Week? (Oct. 28, 2024)

With the ongoing stream of disappointing economic news about China, and the reduction in the geopolitical concerns about the Middle East (at least for the short term), Stratas Advisors expect that there will be downward pressure on oil prices.

Texas Gas Vital to Mexico’s Nearshoring Boom

Continued U.S. piped-gas exports to Mexico bode well for Eagle Ford and Permian producers.

Small-ball Deals Plentiful, but Prices Vary

Despite a smaller IPO market and a fiscal discipline mandate, many small players continue to find and make deals in the U.S. oil patch, panelists said during Hart Energy’s A&D Conference in Dallas, Texas.

Nabors Takes to Global Expansion in 3Q as Rig Count Shrinks in Lower 48

Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.

Analyst: Public E&Ps Race to Stay Relevant in a Consolidating Energy Market

A shrinking pool of opportunities is leading to scarcity and driving the rising valuations for crude E&Ps in the current A&D market, said TD Cowen analyst David Deckelbaum at Hart Energy’s A&D Strategies and Opportunities Conference.

Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’

Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.

Pitts: How Venezuelan Elections Impact Texas and Louisiana

The ramifications of another questionable election in Venezuela comes as Chevron’s quest to recoup debts continues. And Washington’s likely next steps will include more of the same: sanctions.