There’s something in the air right now that smells a lot like optimism. Dour moods and painful outlooks on the U.S. oil and gas industry seem to be shifting—cautiously, of course, but just enough to add more twinkle to the holidays ahead of January 20th. ...
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Following yesterday’s post that cast a spotlight on the oil-and-gas asset pond where the fish are biting and anglers are reeling in their catch, three new developments within the last 24 hours tell us the buyer-seller party is far from over this year. ...
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After snapping up the largest, privately held, pure-play operator in the Midland last February, Texas-based Diamondback Energy (FANG) emerged a Permian force of nature....
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Reese Energy Consulting today takes a side road off Wall Street and the comes-as-no-surprise record oil production announced by ExxonMobil and Chevron. Our side road instead takes us to the latest news from Ga.-based Colonial Pipeline Company and Houston-based TG Natural Resources (TGNR), also known as Tokyo Gas. Sometimes, the side roads are just more scenic....
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For producers and midstreamers that have made multi-billion-dollar acquisitions in the era of consolidation now two years in, slashing debt is front and center if a CEO hopes to sleep at night and keep a happy face on their debt-to-capital ratio. ...
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Might Texas-born Bob Simpson be looking to build back the Williston Basin powerhouse he created more than a decade ago? Back in 2010, the company Simpson founded in 1986—XTO Energy—merged with Exxon in a $41 billion all-stock deal pronounced one of the largest transactions in history for an independent oil and gas company. ...
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