Darren
Barbee
Oil and Gas Investor
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Restructurings
Oil and Gas Investor Post Bankruptcy Strategies: The Great Wipeout
In 2020, companies entered bankruptcy after a sudden plunge in oil and gas prices and, unlike the downturn six years ago, many emerged with nearly pristine balance sheets. But for what end?
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MarketsSee More
What’s Affecting Oil Prices This Week? (April 12, 2021)
In its latest oil price forecast, Stratas Advisors explores whether oil prices will rebound in the second quarter or continue on the downward trend of the last several weeks.
US LNG Exports Set to Fall to Six-Week Low on Corpus Christi Maintenance
Analysts said it was normal for LNG plants and gas pipelines supplying them to shut for maintenance in the spring when demand is low.
Chevron, Hokkaido Gas Sign LNG Agreement
The new agreement will bring LNG direct to a growth area in a strategic market.
Gas Price Drops Nearly 5% on Milder Forecasts, Rising Production
Sixth straight day of decreases is the longest streak since December 2019.
BusinessSee More
Oil and Gas Investor Post Bankruptcy Strategies: The Great Wipeout
In 2020, companies entered bankruptcy after a sudden plunge in oil and gas prices and, unlike the downturn six years ago, many emerged with nearly pristine balance sheets. But for what end?
Antero Resources Co-founder Glen Warren to Retire
Glen Warren, who currently serves as president and CFO of Antero Resources and president of Antero Midstream, co-founded the Appalachia shale producer in 2002 alongside CEO Paul Rady.
SSE Thermal, Equinor to Build Hydrogen and Carbon Capture Plants
UK projects include the world’s first 100% hydrogen-fueled power station.
Quantum, Capital Firms Invest in Denver-based Startup Project Canary
Driven by natural gas customer demand and broader ESG trends, Project Canary is working with nearly 100 partners across the energy sector, including investors, oil and gas producers, pipeline operators, utilities and LNG providers.
TechnologySee More
E&P Case Study: Solving Wellbore Challenges Offshore
In this case study, Gyrodata explains how a “first-of-its-kind” solid-state gyro-while-drilling system drove efficiency and wellbore placement improvements for an offshore oil and gas operator in the North Sea.
Wood, NEL to Develop ‘Complex’ Green Hydrogen Projects
The companies will collaborate to develop and execute large scale, complex green renewable hydrogen projects in select regions across the world.
Andium Raises $15 Million in Funding Round Led by OGCI Climate Investments
Accelerates deployment of Andium’s next generation IIoT Remote monitoring capabilities focused on reducing emissions across the oil and gas sector.
ChampionX Secures North Sea Non-Toxic Chemicals Deal
New non-toxic corrosion inhibitors economically extend asset lifecycles and deliver environmental gains.
Exploration & ProductionSee More
BP’s Argos Platform for US GoM Mad Dog 2 Arrives in Texas Waters
Argos is set to become BP’s fifth operated platform in the GoM and the first new platform since Thunder Horse began production in 2008, the company said.
Oil Exploration, Appraisal Outlook Appears Promising after ‘Savage Year’
Analysts forecast about 65 to 80 high-impact oil and gas exploration and appraisal wells will be drilled this year after a plunge in activity in 2020.
New Mexico Takes ‘Bold Action’ on Natural Gas Flaring
Upstream and midstream operators in New Mexico, home to part of the prolific Permian Basin, are now required to capture 98% of natural gas waste by year-end 2026.
Oil Demand Outlook Looks Up, For Now
Analysts see the rate of change in oil demand growth falling below zero in the years ahead.
TransactionsSee More
Hess Sells Bakken Acreage in $312 Million Deal to Enerplus
The sale to Enerplus consists of non-strategic interests in Bakken acreage in North Dakota that CEO John Hess said the company wasn’t planning on drilling before 2026.
Marketed: Permian Basin Well Package, Eddy County, New Mexico
Slash Exploration LP retained EnergyNet for the sale of a Permian Basin opportunity in New Mexico’s Eddy County through a sealed-bid offering closing April 14.
Marketed: Mallard Exploration Rural D-J Basin JV Opportunity
Mallard Exploration has exclusively retained Eagle River Energy Advisors to solicit partnerships for certain operated producing, drilled uncompleted and/or development working interest assets in the Denver-Julesburg Basin of rural Weld County in Colorado.
Energy A&D Transactions from the Week of April 7, 2021
Here’s a snapshot of recent energy deals including two large Permian Basin deals including the surprise $6.4 billion acquisition of DoublePoint Energy by Pioneer Natural Resources.
Policy & RegulationsSee More
Energy Policy Watch: Texas Railroad Commissioner Remembers Call for Prorations, Winter Storm
Hart Energy and Cornerstone have teamed up to bring you Energy Policy Watch. In this first installment, host Jack Belcher talks to Texas Railroad Commissioner Christi Craddick about the Railroad Commission’s actions in unprecedented times and lays out a vision for meeting oil and gas policy challenges of the future.
Commodities Trader Trafigura Launches Carbon Trading Desk
The new Trafigura carbon trading team, to be headed by Hannah Hauman, will be based in Geneva, Houston and Singapore.
Manchin, Flexing Political Muscle, Leaves Senate Democrats in Lurch
West Virginia senator walks a political tightrope with infrastructure bill’s push against fossil fuels.
Biden Tax Plan Swaps Fossil Fuel Subsidies with Clean Energy Incentives
Unwinding tax breaks on fossil fuel companies could face opposition from Biden's fellow Democrats in the U.S. Congress from energy-producing states.
MidstreamSee More
Midstream Business Pinnacle II Executive Q&A: Starting in the Midland Basin
Pinnacle Midstream founder Greg Sargent is confident in the Permian Basin and the industry’s ability to “conform and prosper as we always have” to new conditions and regulations.
Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium
The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.
US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review
The move leaves the decision on shutting down the pipeline with the U.S. District Court of the District of Columbia.
Fate of Dakota Access Pipeline to be Decided at Court Hearing
The market has been increasingly worried about a possible shutdown of the Dakota Access pipeline, which ships up to 570,000 barrels of North Dakota's crude oil production to the U.S. Midwest and Gulf Coast.
