Crude and associated gas volumes coming from the Permian, the Lower 48’s premier shale play, are expected to hit new records in May, the U.S. Energy Information Administration reported.
After growing into one of the nation’s largest public mineral and royalty companies last year through a $4.8 billion merger with Brigham Minerals, Sitio is searching for more deals, primarily in the Permian Basin.
Here’s a look at some of this week’s renewable energy news, including a U.S. outlook showing a shift from fossil fuels as renewable electricity capacity grows between 380% and 600% in through 2050.
Equitable Origin's Corey Jordan said he sees responsibly-sourced certifications moving past just natural gas and into other commodities such as oil in an exclusive interview with Hart Energy's Deon Daugherty at DUG Haynesville in Shreveport.
The Permian led the nation in drilling rig activity in the past year, with data showing much of that growth coming from large, public upstream operators as private companies such as CrownQuest Operating, Iskandia Energy and Mack Energy have downshifted.
Here’s a snapshot of recent energy deals, including Canadian Pacific Railway’s $27 billion acquisition of Kansas City Southern, the only single-line crude-by-rail railroad connecting Canada, the U.S. and Mexico.
EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.
The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.
Here’s a snapshot of recent energy deals including Carrier Energy Partners' exit from the Eagle Ford Shale and Equinor's purchase of Suncor Energy's U.K. business for $850 million.
After a year of expansion in 2022, Ovintiv plans on a positive but cautious approach to M&A while bringing wells online in the Permian, Montney, Rockies and the Anadarko this year.