Ahh, it’s quarterly report card season again. A time to share the fruits of strategy, labor, and investments over a three-month gestation that gives financial analysts a purpose in life. For the nation’s larger midstreamers sharing their recent reports, a solid A+ grade seems fitting along with a standing ovation. ...
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While the window may be closing on more gazillion-dollar deals to be had in the Permian, save for Exxon breathing dragon fire on Oxy with a Mewbourne Oil and Gas chaser, the next wave of land grabs could soon emerge from the noncore assets inherited with those mergers....
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This just in: E&Ps testing the Barnett Formation in the Permian’s Midland are reporting higher oil recoveries and lower break evens than other Tier 2 zones. ...
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An anonymous tattletale reports that yet another big shale cat is on the Permian Prowl. ...
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Following Occidental’s acquisition of Anadarko, Western Midstream became a standalone business in 2019 with Oxy becoming its general partner. The parent-child relationship has proven fortuitous for both, particularly in their shared basins of the #Permian, #Delaware, #DJ, and the #Powder River where Oxy operates more than 300,000 net acres. ...
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Houston-based Crestwood Equity Partners last year made two strategic moves that saw the company exit its gathering and processing operations in the Marcellus and muscle up its midstream presence in the Permian’s Delaware and the Bakken. Both have paid off handsomely. ...
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