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Marketed: Bayou Oak Nonop Haynesville Position
Oil and Gas Investor 40th Anniversary: Observations from Industry Thought Leaders
When Oil and Gas Investor launched 40 years ago during the summer of 1981, it was the first industry publication to focus on the financial aspect of exploring for hydrocarbons versus the technical side. To celebrate those four decades of conversations we’ve had with myriad industry executives, we reached out to a number of them for their thoughts on the industry’s past, present and future.
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MarketsSee More
US Crude Stocks at Oklahoma’s Cushing Hub Down by over 40%
Crude oil inventories at Cushing—home to a chunk of U.S. commercial tank and underground crude oil working storage capacity—are now 26% lower than normal, based on the EIA’s previous five-year average.
US Oil Refiners Pick Iraqi, Canadian Crudes to Replace Storm Losses
The loss of up to 250,000 bbl/d after Hurricane Ida has some U.S. refiners seeking replacements for fourth-quarter delivery, especially Iraq’s Basra crude, traders said. Others received supplies of sour crude from U.S. storehouses.
Britain Tells Consumers ‘Don’t Panic Buy’ as BP Shuts Gas Stations
In a further sign of worsening supply chain dislocation, BP temporarily closed some of its 1,200 U.K. petrol stations due to a lack of both unleaded and diesel grades, which it blamed on driver shortages.
US Crude Oil Stockpiles Fall to Lowest in Three Years
Crude oil inventories in the U.S. now sit at their lowest levels since October 2018, and that tightness, along with strong demand, has helped drive oil prices higher.
BusinessSee More
Oil and Gas Investor 40th Anniversary: Observations from Industry Thought Leaders
When Oil and Gas Investor launched 40 years ago during the summer of 1981, it was the first industry publication to focus on the financial aspect of exploring for hydrocarbons versus the technical side. To celebrate those four decades of conversations we’ve had with myriad industry executives, we reached out to a number of them for their thoughts on the industry’s past, present and future.
Tellurian Adds Energy Industry Veteran James Bennett to Board
James D. Bennett brings over 30 years of experience from the E&P and investment space, which Tellurian Executive Chairman Charif Souki described as invaluable to the company’s goal of enhancing its Haynesville upstream position
Sabalo Energy Re-ups with EnCap Following $715 Million Sale to Laredo
In its most recent partnership with EnCap, the Sabalo management team built a position in the Midland Basin of over 21,000 net acres, which it sold to Laredo Petroleum for $715 million in July.
BP Gambles Big on Fast Transition from Oil to Renewables
BP acknowledged that its fast-growing clean-energy business—including its solar, EV-charging and wind ventures—continues to lose money. The company does not expect profits from those businesses until at least 2025.
TechnologySee More
CCS Roundtable: Innovations Lead to a Greener Future
Service providers weigh in on how technologies affect the present and future carbon capture and storage operations.
Quorum Software Appoints Paul Langenbahn as President
Software industry veteran to lead Quorum’s global go-to-market strategy for transforming the business of energy through technology.
Key Energy Services Sells Texas, New Mexico Fluid Management Business
The sale of all its Texas and New Mexico fluid management and saltwater disposal well assets completes Key Energy Services’ exit from this line of business in these states.
ChampionX Wins Five-Year Contract with Vår Energi
Throughout the five-year period, ChampionX will continue to deliver its range of chemical management services to Vår Energi, which encompasses the deployment of its asset integrity, phase separation, flow assurance and enhanced oil recovery chemical technologies.
Exploration & ProductionSee More
Factors for Shale Producers to Consider When Tackling FDIs
A shale expert shares some insight on factors to evaluate when optimizing hydraulic fracturing.
US Shale Production to Rise on Projected Permian Basin Boost
The projected increase in oil and gas production follows recent reports by the EIA of a sharp decline in the DUC count in all major U.S. shale regions.
Norway 2021 Licensing Round Attracts Bids from 31 Oil Companies
The ministry's announcement follows Norway's parliamentary elections this week where climate change and the future of the country's oil industry were major topics of debate.
Pioneer Natural Resources Goes Longer in Permian Basin
The Permian Basin operator plans to drill more 15,000-ft laterals and is studying whether it should go even longer.
TransactionsSee More
Insight: ConocoPhillips Made Shell Permian Deal with Cash, ‘Patience’
After patiently waiting through the shale land rush, Enverus’ Andrew Dittmar says ConocoPhillips is picking up prime real estate in the Permian Basin with its blockbuster purchase from Shell.
Marketed: Operated Permian Basin, Eagle Ford Opportunity
Strand Energy LC retained EnergyNet Indigo for the sale of certain oil and gas properties and related assets located in the Permian Basin and Eagle Ford / Austin Chalk trend through a sealed-bid offering.
Marketed: Centennial Resource Development Operated Delaware Basin Asset
Centennial Resource Development retained TenOaks Energy Advisors as its exclusive adviser in the sale of its Big Chief asset located in the southern Delaware Basin in Reeves County, Texas.
Oil Surge Gives PE Opportunity to Exit Stranded Canadian Energy Firms
Buyout firms have sold around $2.6 billion worth of Canadian oil and gas producers so far this year, the highest level since at least 2010, according to IHS Markit.
Policy & RegulationsSee More
How Passage of Infrastructure, Reconciliation Bills Would Target Fossil Fuel Use
Oil and gas will continue under Biden’s climate measures, but long-term use faces challenges.
New WHO Guidelines Aim to Cut Deaths Linked to Fossil Fuels
The U.N. body hopes the revisions encourage their 194 member countries toward actions that slash fossil fuel emissions.
Biden Pledges to Double US Climate Change Aid
The funding would help achieve a global goal set more than a decade ago of $100 billion per year to support climate action in vulnerable countries by 2020.
Dakota Access Pipeline Asks US Supreme Court to Scrap Environmental Study Order
Energy Transfer, which operates the 570,000 bbl/d pipeline out of the Bakken shale basin, has said Dakota Access is safe.
MidstreamSee More
Kinder Morgan to Transport Southwestern Energy’s Responsibly Sourced Natural Gas
Beginning Nov. 1, Southwestern will produce and Tennessee Gas Pipeline, a subsidiary of Kinder Morgan, will transport the responsibly sourced natural gas to Northeast markets.
Tribes Say Dakota Access Oil Pipeline's Environmental Review is Biased
The U.S. District Court for the District of Columbia revoked a key environmental permit for the largest pipeline out of the North Dakota oil basin last year and ordered the study.
Lagoon Water Midstream Enters Permian Basin through Double Drop Acquisition
The acquisition of Double Drop Resources significantly expands Lagoon Water Midstream’s operations and establishes it as a multibasin water management company.
Suncor Partners with Indigenous Communities to Buy Pipeline Stake from TC Energy
Suncor, three First Nations and five Métis communities will own a 15% stake in this pipeline asset with a value of about CA$1.3 billion. (US$1.03 billion).
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