Oil and Gas Investor Magazine - October 2024
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In this month's Oil and Gas Investor, we're exploring the issues that matter to energy stakeholders in the 2024 election, with insight from key industry players about their perspective on issues to keep in mind as readers exercise one of their most fundamental rights.
Additionally, Executive Editor-at-Large Nissa Darbonne takes a trip to the Uinta Basin where operators, encouraged by recently increased transport infrastructure, are now putting laterals into the western side of the basin that is competitive with the Permian Basin. And this month's OGInterview continues exploring the Uinta with an exclusive interview with Crescent Energy CEO David Rockecharlie.
Special OGI Report: Energy on the Ballot
Oil and Gas Investor digs into the issues that matter to the energy industry in this special election 2024 coverage, getting the scoop on what energy stakeholders across the supply chain are saying about possible policy changes and effects, whatever the outcome.
Basin Focus
Now, the Uinta: Drillers are Taking Utah's Oily Stacked Pay Horizontal, at Last
Recently unconstrained by new rail capacity, operators are now putting laterals into
the oily, western side of this long-producing basin that comes with little associated
gas and little water, making it compete with the Permian Basin.
The OGInterview
Growth Through M&A: The Making of an Eagle Ford and Uinta Giant
Crescent Energy CEO David Rockecharlie discusses the expanding gravitational pull
of Crescent after acquiring SilverBow and others.
Cover Story
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
A&D Trends
California Mergin’: CRC-Aera Combination Creates Golden State Scale
CRC President and CEO Francisco Leon believes the state needs to bolster its own oil and gas production—not all citizens and lawmakers agree.
Quantum-Backed E&Ps Expand with Acquired Gassy Utah-Colorado Assets
Following Quantum Capital Group’s closed $1.8 billion acquisition of Caerus Oil and Gas, KODA Resources gained 160,000 acres on the Uinta side.
Commentary
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.
E&P Momentum
With Montney Production Set to Grow, US E&Ps Seize Opportunities
Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.
Energy Transition
New Revenue Stream Opens Up With Natural Gas Decarbonization
Could a lower carbon revenue stream, focused on hydrogen and solid carbon, open up for natural gas players?
Finance & Investment
Kissler: How Long Will Geopolitical Unrest Support Crude Prices?
Slower global economic growth pulls prices in the opposite direction even as oil prices were up about 4% on Oct. 10 due to factors including risks to Middle East supply.
Sidley Austin: Debt Financing Returns to E&P Space
Funding sources are evolving as reserve-based loans remain limited.
Global Energy
Paisie: Oil Prices to Rise in Fourth Quarter
Weakness in crude markets is connected to struggling economies in the U.S., EU and China.
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.
Industry Icons
Growth Through M&A: The Making of an Eagle Ford and Uinta Giant
Crescent Energy CEO discusses the expanding gravitational pull of Crescent after acquiring SilverBow and others.
In Memoriam: Jay Precourt (1937-2024)
Legendary wildcatter Jay Precourt leaves behind legacy of philanthropy in Colorado and at Stanford University.
Midstream
Canada’s Completed TMX Pulling Crude Off of American-bound Pipelines
Trans Mountain completed work on the company’s namesake pipeline expansion on May 1. It was the end of a difficult and controversial pipeline project that started development in the 2010s under Kinder Morgan.
Segrist: An Underground Battle Over Pipeline Safety Rules
A 13-year process comes between the federal government and the midstream industry grinds to a finish, at least for now.
Regional Report
Darbonne: The Geologic, the Man-made and the Political of Uinta Basin Outcrops
The oily western Uinta features layers of sedimentary deposits on view for visitors, mostly uninterrupted by man-made features but having an unseen pall of federal interference.
Trends & Analysis
Belcher: Election Outcomes and Their Impacts on Future US Policy
Trump would back ‘energy dominance,’ while Harris would pursue a climate change agenda.