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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Denver-based Antero Resources had a lot to crow about in 3Q reported last October. But behind the scenes, a major overhaul of its asset portfolio was already at work. And a party was just getting started. ...
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Reese Energy Consulting today is following the latest from Wyo., which continues to draw well-deserved attention for its vast natural gas resources, energy-friendly business environment, and wide-open spaces....
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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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Lots of moving parts at work inside the latest natural gas news, starting with multiple deals that connect four players across La.’s upstream, midstream, and Gulf Coast LNG corridor. Frankly, we’re wondering how the decision pen didn’t run out of ink....
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