Darren
Barbee
Oil and Gas Investor
Why Buying Double Eagle Does (and Doesn’t) Make Sense for Ovintiv
Proceeds from an Ovintiv divestiture in the Uinta Basin could help fund a deal for Double Eagle’s Midland Basin assets, but analysts say the money could just as easily be used for debt reduction.
Study: Global Gas Supply Not Keeping Up with Demand
Without significant growth in natural gas supply and infrastructure, the world will come up a fifth short of the supply needs, according to the International Gas Union.
CFTC Fines TotalEnergies Trading $48MM for Attempted Market Manipulation
The Commodity Futures Trading Commission found that the company in March 2018 flooded the market for physical EBOB benchmark gasoline at cut-rate prices while maintaining a large short-position betting that EBOB futures would fall in value.
One Equity Partners to Acquire Gas Turbine Services Company EthosEnergy
One Equity Partners will buy EthosEnergy, which provides services to power generation and industrial customers operating industrial gas turbines.
Could UpCurve Be an M&A Target in Delaware Inventory Scramble?
On a shrinking list of private equity-backed Delaware Basin operators, UpCurve Energy’s CEO told Hart Energy there’s a “reasonable chance” the company’s Reeves County, Texas, assets will be sold off.
OMV Makes Gas Discovery in Norwegian Sea
OMV and partners Vår Energi and INPEX Idemitsu discovered gas located around 65 km southwest of the Aasta Hansteen field and 310 km off the Norwegian coast.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count fell by one to 585 in the week to Aug. 23. Baker Hughes said that puts the total rig count down 47, or 7% below this time last year.
Dusting Off the D-J: Bison Acquires 210,000 Net Acres in 20 Months
Since finding backing from Quantum Energy Partners, Bison Oil & Gas IV has built an 83% HBP position in the Denver-Julesburg Basin, including more than 400 net locations and an average 20,000 boe/d, says CEO Austin Akers.
How Liberty Rolls: Making Electricity, Using NatGas to Fuel the Oilfield
Liberty Energy CEO Chris Wright said the company is investing in keeping its frac fleet steady as most competitors weather a downturn in oil and gas activity.
EIA NatGas Storage Report Comes in at 10 Bcf Above Forecast
Most of the additional gas in storage came from the Appalachian Basin. The Midwest added 19 Bcf and the East added 12 Bcf, according to the EIA.