With its first discovery as a major petroleum site near the La., Gulf in 1921, the Haynesville formation would take some 80 years later to land a place in natural gas history. ...
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Yep, it’s that time again when energy forecasters set the stage for a new year. Take your pick of Wall Street analysts, private equity, podcasters, armchair investors, or that neighbor glued to Squawk Box every morning....
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The expression “you find oil where you found oil” has never been more relevant than what’s at play now in the Williston Basin. ...
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The name of the book is Game Changer: Our Fifty-Year Mission to Secure America’s Energy Independence. The author, a rags-to-riches phenom and pioneer of the shale revolution who’s made an art out of unlocking tight rock with a combination of fracking and horizontal drilling. ...
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Coming off Q3, upstream and midstream players have pounced on opportunities that add oomph to their asset portfolio or waved bye-bye to basin footprints in the name of new strategic directions....
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For two Denver, Colo,-based oil and gas companies—rivals, they’ve been called—the time has become just right to combine assets and forces, specifically in the Permian. The merger between SM Energy and Civitas Resources has created a new oil and gas big dog in an all-stock deal with multi-basin interests that also include the DJ Basin, Eagle Ford, and Uinta. Reese Energy Consulting today is following the latest news from this combo valued at $12.8 billion with debt attached. After all the paperwork is signed and blessed, SM Energy will become the surviving company name. Debt reduction is paramount, and divestitures no doubt lie ahead to satisfy free cash flow and shareholder returns and settle down an antsy Wall Street. With eyeballs on the Permian, SM proforma will hold 248,000 net acres in the Midland along with a new step into the Delaware in West Texas and N.M.Outside the Permian,...
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