Not quite a month ago, Chairman and CEO Thomas F. Karam of Pa.-based Equitrans, struck a somber tone in the company’s 1Q earnings report. ...
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You could say father and son Steve and Caleb Weatherl are Permian bit. With the nation’s most prolific oil basin fortuitously situated in their own backyard, the executive chairman and CEO team of newly minted, Midland-based Garrison Energy don’t have to look far for their next command performance as savvy Permian producers. ...
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We all know the U.S. is beyond rich in natural resources. Witness the shale revolution that has unlocked more crude oil and natural gas than we as a nation can even consume. We also happen to be sitting on top of one of the world’s largest deposits of lithium—which, ironically, we must import to the tune of 3,600 metric tons last year. Reese Energy Consulting today is following the latest on lithium here at home and those who are reawakening an industry we literally exported out of the country in the 70s. Okla. City-based Galvanic Energy has announced the $100 million sale of its drilling rights across 120,000 acres in the brine-rich Smackover Formation in Ark., to ExxonMobil. Seems Exxon aspires to become a major lithium supplier to the U.S. electric vehicle market—something it calls “Drilling for electric cars.” At the same time, same formation, Ark.-based Standard Lithium has drilled...
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April 12, 2019 was an auspicious day for Chevron. The supermajor, whose oil and gas tentacles extend across the world, announced it had reached an agreement to acquire Anadarko Petroleum for $33 billion. ...
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The San Juan Basin extends 7,500 square miles across northwest N.M., and southwest Colo., where natural gas was first discovered in 1921. Now at age 102, it’s one of the nation’s oldest producing areas with sedimentary rock dating back 570 years to 2 million....
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There’s nothing like an industry mega-deal to energize us oil and gas folks and Sunday’s announcement from Tulsa-based ONEOK is no exception. It’s also one of the more interesting acquisitions to come along in a while....
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