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. ...

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. ...

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. ...

If you’ve worked in the oil and gas industry long enough, you know that sometimes it’s just better to shut off all the noise and keep plowing ahead. The sky may be heavy but it’s far from falling. If anything, troubled times like these add another definition to the term Energy Strong—which we are and will continue to be. ...