Steve
Toon
Oil and Gas Investor
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Public Capital
From OGI Editor-In-Chief: Upsized Cash Flow
E&Ps are metamorphosing from ravenous, capital-consuming caterpillars to value-oriented, cash-flowing butterflies. But will that be enough for investors?
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MarketsSee More
Frac Spread: Midwest Propane Price Responds To Cold, Crops
Conway’s price draws almost even to Mont Belvieu as demand for home heating competes with grain drying.
OPEC Chief: US-China Trade Deal Would Remove ‘Dark Cloud’
Barkindo would not speculate on whether further oil output cuts would be needed.
Global Oil Demand Growth To Slow From 2025: IEA
Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but is unlikely to peak in the next two decades, the International Energy Agency (IEA) said on Nov. 13.
Oil Prices Gain As Market Awaits Signals On US-China Trade Talks
Oil prices rose on Nov. 12, reversing early losses on hopes that President Donald Trump may signal progress on trade talks with China in a speech later in the day.
BusinessSee More
From OGI Editor-In-Chief: Upsized Cash Flow
E&Ps are metamorphosing from ravenous, capital-consuming caterpillars to value-oriented, cash-flowing butterflies. But will that be enough for investors?
Mexican Minister Says Pemex Unaffected By Cyberattack, Workers Disagree
A cyberattack on computer networks of the Mexican national oil company Pemex is "totally under control" and did not have any negative consequences, Security Minister Alfonso Durazo said on Nov. 14.
Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records
Activist investor Carl Icahn will not have access to Occidental Petroleum Corp.’s Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Nov. 14.
ProPetro Says No Customer Impact From SEC Disclosures, Probes
ProPetro said that while it anticipated a slight increase in next year's activity, it did not expect any uptick in profitability per frac fleet.
TechnologySee More
Sponsored Content
IndustryVoice: Frank’s International Introduces the VERSAFLO™ Time Saver Series
The VERSAFLO™ Time Saver Series offers expanded applications to shelf and land, and flexibility to accommodate a range of connection sizes.
Aker Solutions Taps Leading Operators To Qualify Subsea Gas Separation
Aker Solutions and a group of the world’s leading oil and gas operators have come together in a joint industry project on Nov. 15 with the aim of making subsea gas separation a reality.
Weatherford Names Christian Garcia As CFO
Weatherford International Plc said Nov. 14 that Christian Garcia has been appointed executive vice president and CFO, effective January 6, 2020.
ION Wins Two-Year Ocean Bottom Data Processing, Imaging Contract
ION Geophysical Corp. was awarded a large two-year ocean bottom nodal data processing and imaging contract by ARGAS on Nov. 12.
Exploration & ProductionSee More
Analysts Forecast Drop In US Shale Activity, Rise In Efficiency
U.S. shale operators are paring down drilling programs and spending as they focus more on returns and improved efficiency in a low-price environment.
US Frack Sand Suppliers Become Latest Casualties In Shale Slump
Companies that fracture wells are cutting workers and idling equipment.
Alberta Lifts Curtailment On New Oil Wells To Boost Economy
Alberta introduced mandatory production curbs beginning on Jan. 1 this year to reduce a glut of oil in storage and shore up prices.
Noble Energy Targets December First Gas For Leviathan Field
The project in the Eastern Mediterranean is running ahead of schedule and is $150 million under budget.
TransactionsSee More
Callon Petroleum Lowers Its Asking Price For Carrizo Oil & Gas
Callon Petroleum agreed to a lower premium in its acquisition of Carrizo Oil & Gas as part of amended deal terms.
Marketed: Mineral Acreage Located In Heart Of Scoop, Stack
Pro Mineral Partners retained Oil & Gas Asset Clearinghouse for the sale of acreage in the heart of Oklahoma's Scoop and Stack shale plays in an offering closing Dec. 5.
Marketed: Permian Basin Package, Reeves County, Texas
American Standard Energy retained EnergyNet for the sale of a package of Permian Basin assets in Reeves County, Texas, through a sealed-bid offering closing Dec. 5.
On The Market Quicklist (Week Of Nov. 13, 2019)
Here’s a quicklist of oil and gas assets on the market including a Permian Basin nonop package plus assets from QEP and Salt Creek Oil and Gas.
Policy & RegulationsSee More
Senators Quiz DOE Nominee On Ukraine, Arctic, Infrastructure
Brouilette is seeking confirmation to replace Perry as energy secretary.
India To Invite Foreign Firms To Invest In State-Owned Oil Companies
Prime Minister met with CEOs of oil majors during his recent trip to Houston.
Exxon Mobil’s Lawyer Calls Lawsuit A ‘Cruel Joke' As Climate Change Fraud Trial Ends
Lawyers for New York State and Exxon Mobil Corp. delivered closing arguments in a closely watched trial accusing the oil company of hiding from investors the true cost of addressing climate change.
In Boost To Climate Policy, EU Makes First Move To End Fossil Fuel Funding
Preliminary text of agreement calls on lender to stop funding projects.
MidstreamSee More
Noble Energy Sells Midstream Shale Assets In $1.6 Billion Dropdown
Noble Energy agreed to sell essentially all of its remaining D-J and Permian midstream assets as part of the dropdown to its midstream MLP.
TC Energy Says Keystone Oil Pipeline Returned To Service
TC Energy Corp.’s Keystone oil pipeline has returned to service following the approval of their repair and restart plan by the U.S. Pipeline And Hazardous Materials Safety Administration (PHMSA) on Nov. 10.
Argentina’s YPF Loads First Commercial LNG Cargo From New Floating Facility
Country seeks to exploit its massive Vaca Muerta shale play.
To Market, To Market
The world wants America’s LNG, but who the customers are, and where, will change.
