Posted on May 27, 2020
Energy

Reese Energy Consulting last week shared a profile of Diversified Gas and Oil and its CEO Rusty Hutson, whose focus on drilling older wells with high production volumes has led the company to become one of the largest gas players in the Appalachia region. Ala.-based DGO, which operates 60,000 wells and 12,000 miles of gas gathering pipelines in six states, got a little bigger today with the announcement of two acquisitions. ...

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Posted on May 13, 2020
Energy

Folks are getting mighty creative out there with proposed solutions to the oil and refined products storage shortfall. Midstreamers are leasing capacity on their pipelines. Producers are chartering tanker ships. The Strategic Petroleum Reserve has become Hotel Crude. It’s not lost on us that the storage situation has become an acute supply-and-demand offshoot of an acute supply-and-demand crisis. ...

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Posted on May 5, 2020
Energy

Landing smack dab in the middle of all this COVID mess comes the year’s first earnings season and few in the oil and gas industry will be spared the wrath of a virus that’s changed virtually everything. But among the cuts, cutbacks, and curtailments we’re now witnessing, reports of our death are greatly exaggerated. ...

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Posted on April 29, 2020
Energy

Another wave of acquisitions and divestitures is headed to an oil and gas basin near you. Like we touched on in yesterday’s post, Reese Energy Consulting is talking to several industry folks on both sides of the equation—either exploring the sale of their assets or hound-dogging a sweet deal. ...

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