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.
Territory Resources LLC has retained EnergyNet for the sale of 15-well package in Kay, Noble and Pawnee counties, Oklahoma.
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.
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.
Continued U.S. piped-gas exports to Mexico bode well for Eagle Ford and Permian producers.
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 Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.
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.
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.
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.