Darren
Barbee
Oil and Gas Investor
Latest News
Contango Oil & Gas Completes Merger with KKR-backed Firm, Forming Crescent Energy Co.
Headquartered in Houston, the combined company will become KKR’s primary platform for pursuing upstream oil and natural gas opportunities.
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MarketsSee More
What’s Affecting Oil Prices This Week? (Dec. 6, 2021)
Stratas Advisors expects oil prices to rise this week, recovering from what the firm described as a market overreaction that led to declines over the last two weeks.
White House Welcomes OPEC’s Plans to Pump More Oil
“We appreciate the close coordination over the recent weeks with our partner Saudi Arabia, the UAE and other OPEC+ producers to help address price pressures,” said White House spokesperson Jen Psaki.
Natural Gas: Steady Demand Growth Presses Gas Prices Higher
Natural gas supply is limited by hesitancy from investors and producers, as well as logistics constraints.
Russia, Saudi Signal No Rush on Omicron Ahead of OPEC+ Meeting
OPEC+ postponed two committee meetings from that were planned for Nov. 29-30 to later during the week to “buy time to review matters” surrounding the new variant, Prince Abdulaziz said.
BusinessSee More
Oil and Gas 2022 Outlook: US Shale Producers’ New Perspective
Hear how U.S. producers are pivoting toward “a new math” plus a sneak peek of Deloitte’s involvement at the World Petroleum Congress being held in Houston this week.
ConocoPhillips Forecasts Rise in 2022 Shareholder Returns Totaling $7 Billion
Truist Securities analyst Neal Dingmann called the news “quite positive,” saying the new return structure and tepid production growth are what ConocoPhillips investors have been calling for.
Houston’s Forum Appoints Neal Lux CEO as Part of Succession Plans
Effective Feb. 18, C. Christopher Gaut, the current chairman, president and CEO who has led Forum Energy Technologies since its inception, will become executive chairman.
Southwestern Taps Derivative Position to Support Recent Haynesville Acquisition
The incremental hedge positions are sufficient to cover at least 80% of the expected 2022-24 production from the acquired GEP Haynesville properties, according to the Southwestern Energy release.
TechnologySee More
Exploration Advances: Seismic Technology Platform Improves Vibroseis Productivity, Data Quality
A new vibroseis technology platform gives instant and remote access to a whole new set of vib functions, reducing HSE risks and eliminating manual monitoring.
Expro Launches World's First Fully Autonomous Well Intervention System Galea
The system reduces the impact of operations on the environment around the well site. Galea has several fail-safe features to ensure containment and eliminate potential wire-breaks during interventions.
Advanced Technology Takes Aim at Leak Detection
Siemens Energy and Proflex Technology recently highlighted technology that utilizes a modified negative pressure wave and the Internet of Things to find leaks.
Exxon Mobil Taps TechnipFMC for Subsea Work on Stabroek Block Offshore Guyana
TechnipFMC currently employs more than 60 Guyanese, and expects to continue to hire and train additional local staff in support of this award.
Exploration & ProductionSee More
Oil Industry Veterans Partner to Bring More Solar Power to Permian Basin
The group is working with Black & Veatch subsidiary Diode Ventures to develop and finance utility-scale solar projects in the Permian Basin.
China's CNOOC Starts Production at Second Phase of UK Buzzard Project
CNOOC Petroleum Europe Ltd., a wholly owned subsidiary of CNOOC Ltd., is the operator of Buzzard and holds 43.21% interest in the project.
Equinor Awards Contracts to Aibel for Norwegian Offshore Fields
The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.
TotalEnergies Wins New Deals in Libya
These agreements aim to develop solar projects supplying electricity to the Libyan people and to invest in projects reducing gas flaring in oil fields.
TransactionsSee More
Contango Oil & Gas Completes Merger with KKR-backed Firm, Forming Crescent Energy Co.
Headquartered in Houston, the combined company will become KKR’s primary platform for pursuing upstream oil and natural gas opportunities.
On the Market Oil and Gas Quicklist (Week of Dec. 8, 2021)
Here’s a quicklist of oil and gas assets on the market including an EOG Resources Montana Bakken Shale package plus Pioneer Natural Resources Ector County, Texas leasehold within the Permian Basin.
PHX Minerals Continues to Tack On Scoop Acreage Following Asset Sales
The recent working interest divestitures and royalty acquisitions are expected to have a neutral effect on overall production during 2022, says PHX Minerals in a company release.
Marketed: Kaiser-Francis Operated Wells across West Texas
Kaiser-Francis Oil Co. retained EnergyNet for the sale of operated working interest in 19 wells plus HBP leasehold acreage across West Texas in Andrews, Pecos, Ward, Winkler and Yoakum counties.
Policy & RegulationsSee More
Energy Policy Watch: Ohio Congressman Discusses Biden’s ‘All-out Assault on Fossil Fuels’
Ohio Congressman Bill Johnson gives his take on how President Biden’s infrastructure and spending bills will affect the oil and gas industry plus the role natural gas produced in the U.S. has in addressing climate change.
China Releases Green Development Plan Tied to Carbon-neutral Goal
China, the world’s top greenhouse-gas emitter, is aiming to bring its carbon emissions to a peak by 2030 and become “carbon-neutral” by 2060.
Texas Adopts Rules for Natural Gas, Power Coordination after February Freeze
The rules are the latest in a series of federal and state measures to prevent a repeat of the disruption caused by February’s Winter Storm Uri, which left around 4.5 million homes and businesses in Texas without power and heat.
What Now for Biden’s Energy Agenda?
Also, what does the recent oil reserve release mean for Biden’s energy agenda?
MidstreamSee More
How Autonomous Drones Can Make Operations Safer, More Efficient
Airborne robots can conduct aerial intelligence, surveillance and reconnaissance across the entire spectrum of a company’s operations.
Trans Mountain Oil Pipeline Restarts after Weeks Out of Service
Trans Mountain is a key oil export route and nearly two-thirds of its volumes in the first half of 2021 were light oil deliveries heading to U.S. refineries, says IHS Market Vice President Kevin Birn.
Kinder Morgan, Palantir Sign Agreement to Strengthen Pipeline Operations
Kinder Morgan will deploy Palantir’s data integration software platform, Foundry, to optimize its U.S.- based gas storage operations.
Pembina Nixes Jordan Cove LNG Plant Project in Oregon
The $8 billion Jordan Cove export plant in Oregon is one of several North American LNG projects that have been canceled or delayed over the past year.
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