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Pitts
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West: Oil Service Industry 2024: A Tale of Two Markets
North America's oil service industry will decline while the international and offshore markets will drive growth.
Exxon-Pioneer Deal Breaks the Mold—Who Else Benefits?
Exxon Mobil's guidance indicates the supermajor intends to step on the gas once it completes the acquisition of Pioneer Natural Resources, which could lead to more investment in midstream infrastructure.
Beach Town Corpus Christi Grows into America’s Top Energy Port
The Port of Corpus Christi is the U.S.’ largest energy export gateway and in terms of total revenue tonnage as increased midstream investments have opened export markets for the prolific Permian Basin.
Shell Sells Nigerian Onshore Business for Up to $2.4 Billion
Shell is selling its Nigerian onshore oil and gas business to a Nigerian-led energy consortium for $1.3 billion and will receive additional payments of up to $1.1 billion from the European group.
Talos Energy to Acquire QuarterNorth for $1.29 Billion
Talos Energy estimates QuarterNorth’s average daily production — largely from its interests in the Katmai discovery in the Green Canyon region— will be approximately 30,000 boe/d.
Hirs: Energy’s Best Strategy for the Presidential Election? Support Both Sides
The upcoming presidential election sees energy concerns on the “second page” of the ballot, making choosing a side a necessity.
As Chesapeake, Southwestern Ink $7.4B Deal, D.C. Gasses Up for More Scrutiny
Natural gas mergers can bring more federal attention, and Chesapeake and Southwestern’s dominant positions in the Haynesville Shale and Appalachian Basin are likely to raise eyebrows.
Belcher: Energy Policy Outlook for 2024
Expect energy policy to be a dominant theme in the 2024 elections.
Subal: Pockets of Growth Balance Fears of Slowdown
U.S. midstream and energy infrastructure has a mixed outlook for 2024, with a possible loss in demand and stronger focus on renewables offset by solid oil prices and a healthy midstream industry with pockets of growth.
Occidental: Parts of DAC Ready to Scale
A major challenge facing Occidental and other direct air capture ventures is whether the process can be made cost-competitive.
FERC: Closure of LNG Import Plant Threatens New England’s Grid
Despite record U.S. natural gas production, parts of the U.S., including New England, face difficulties finding adequate supplies for power generation.
Commentary: The Oil and Gas Future—Believe It or Not
If you believe the IEA’s analysis, plenty of oil and gas companies won’t survive very far into the future.
Behind The Scenes: The Pioneer Exxon Deal from A to XOM
Pioneer was a potential buyer of a mystery E&P before deciding to sell to Exxon Mobil. Between June 22 and Oct. 10, terms of 2023’s largest U.S. oil and gas merger were debated.
EY: What to Watch for in 2024: Emissions, Ops, M&A
Expect E&Ps to engage in more strategic consolidation, place more emphasis on carbon markets and attempt to get ahead of the SEC’s guidance on emissions reporting.
Why Investors Should Keep an Eye on Vietnam
Vietnam has become a partner with the U.S., but as a manufacturing hub and the home to one of the world’s largest cache of critical minerals, it needs power—and investment—to move forward, Energy Capital Vietnam (ECV) founder, chairman and CEO David Lewis says.
California Reaming: Laws Spark Rancor, $6B in Chevron, Exxon Write Offs
Chevron and Exxon are set to write off billions of dollars worth of California assets because of strict laws and regulations that the companies say won’t change oil consumption but will shift profits to foreign producers such as Saudi Arabia.
Natural Gas Producers’ Game Plan for LNG: Wait Out 2024
Natural gas production has risen over the past decade with the potential to keep growing, but 2024 will test the market’s patience as E&Ps await LNG export capacity to come online.
Pitts: Is Vaca Muerta Argentina’s Permian?
Can Argentina’s Vaca Muerta Shale play truly garner the title of the Permian 2.0, which is a play that replicates the Permian Basin’s success? Yes, in terms of geology and game-changing potential, but no in terms of eventual production volumes.
Varnado, Pharis: Navigating the Royalties Legal Landscape
With outside pressures expanding potential liabilities across the energy industry, producers need to understand the current royalty litigation landscape.
Kissler: Higher Temps, Lower Energy Prices
Most traders will watch the week of Jan. 10 as a measure of natural gas storage-to-price relationships, but mild winter forecasts aren’t a good sign for prices.
Analysts: APA Takes Callon Off Board as Permian M&A Wave Hits ‘24
APA and its subsidiary Apache Corp. are plucking Callon Petroleum off the board for $4.5 billion in stock as a historic wave of Permian consolidation enters a new year.
Darbonne: Banksy, Climate Hubris and Life in the Anthropocene Epoch
As geoscientists look to define the Anthropocene Epoch, in which humanity is affecting the climate rather than merely being a byproduct of it, some are making the case more data might be a good idea.
Williams’ $1.95B Deal for Gas Storage Sign of Tightening Market
Analyst: More deals like Williams’ $1.95 billion acquisition of natural gas storage in Louisiana and Mississippi could be on the horizon as limited capacity becomes a challenge.
Quadrupling Energy Transition Financing and the Quest for Net Zero
McKinsey Partner Kassia Yanosek details private equity’s unique role in the climate transition, despite corporate uneasiness at partnering with firms, and the need to quadruple funding while government ramps up support.
Produced Water Solutions: Reuse, Recycle, Recover Revenue
Effectively managing produced water can mitigate environmental challenges and even result in revenue streams.
Paisie: Prices to Depend on Whether OPEC+ Keeps Cuts in Place
To convince the market of OPEC+’s ability to sway oil prices, the international organization will have to take back control and maintain production cuts at least until the second quarter of 2024.
As Pioneer Seals the Deal with Exxon, CEO Rich Dealy's Work Continues
Rich Dealy steps into the Pioneer Natural Resources CEO role as the Permian Basin pure-play integrates operations with Exxon Mobil in a $60 billion merger.
The OGInterview: As Pioneer's Run Ends, New CEO Dealy's Work Goes On
In this month's OGInterview, Pioneer Natural Resources CEO Rich Dealy discusses stepping into his role leading the Permian Basin pure-play as it integrates operations with Exxon Mobil in a $60 billion merger.
Lithium Alternative: Natron Energy Scaling Up Sodium-ion Batteries
The sodium-ion battery does not rely on critical materials, as its main ingredient sodium is abundant, cheap and safe, experts say.
Deckelbaum: US Shale Landscape Taking on New Shape Through M&A
In 2023, majors Chevron and Exxon Mobil took four public names off the board—Pioneer Natural Resources, Denbury, PDC Energy and Hess Corp.— using all-equity takeout mechanisms with scant premiums.