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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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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Natural gas prices are poised for a rebound as oil wells are shut in, affecting the supply of rich associated natural gas. That’s at least a flicker of good news for embattled producers in need of a badly needed break. ...
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What might lie ahead for the upstream, midstream and downstream industries during a time of COVID-19, crude oil oversupply and paper-thin storage capacity? Reese Energy Consulting CEO Steve Reese takes questions on this topic and more on this week’s episode of Digital Roughnecks with host Mark Smith. ...
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Lea County, NM, today has taken the crown as the nation’s #1 oil and gas producer after hitting a January record of 18,761,224 barrels of crude. In the heart of the Permian, the small city of Hobbs has stolen away much of the limelight from its Texas neighbor in an area where permanent residents have watched their community ascend from one of the most impoverished to one of the wealthiest. ...
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Calgary-based TC Energy is back in the headlines this week with news that the shovel has officially met dirt on the Keystone XL Pipeline. ...
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