While Bill Gates sets to build an artificial sun to power the world, and a Texas family raffles off untapped mineral rights on its land at $4 per ticket, Reese Energy Consulting is following the latest news from Houston-based ConocoPhillips (COP). The company has hardly been shy about slashing $5 billion in debt after acquiring Marathon Oil in 2024 in an all-stock deal valued at $22.5 billion. ...

It was already a tough road back in 2018 for Dallas-based Navigator Energy Services and project partner Tulsa-based Magellan Midstream when they launched, then extended, an open season to attract transportation commitments for their proposed Voyager pipeline. Call it bad timing....

It might’ve cost an arm and a leg—not to mention many billion bucks—for Houston-based Chevron to finally get the keys to its stake in Guyana following its acquisition of Hess in 2023. But after all the disputes, hair pulling, and lawyers growing fat, the world’s second-largest oil and gas operator behind ExxonMobil, Chevron finds itself in a most fascinating situation. ...

Back in 2019 when it seemed everyone and their dog looked to partner up to build an LNG export facility on the Gulf Coast, Dallas-based Energy Transfer caught a meaty bone. A bone in the form of a framework agreement with Shell to share the estimated cost of $10.9 billion to $13.2 billion to build the 16.5 MTPA Lake Charles LNG terminal project where ET already owned the existing regasification facility in Lake Charles, La., originally built in 1982. ...

Among the largest privately held oil and gas companies today, few can claim witness to the Dust Bowl, fatal undoing of Bonnie and Clyde, and peak of the Great Depression. The year was 1934 when H.L. Hunt founded Hunt Oil after major discoveries in East Texas. ...