Paisie: Oil Prices to Rise in Fourth Quarter
Weakness in crude markets is connected to struggling economies in the U.S., EU and China.
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Private Equity
Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.
Energy Storage
Energy Transition in Motion (Week of Oct. 11, 2024)
Here is a look at some of this week’s renewable energy news, including nearly $7.9 million in bids for geothermal leases in Nevada.
Acquisitions & Divestitures
Post Oak Capital Backs Permian Team, Invests in Haynesville
Frost Cochran, managing partner at Post Oak Energy Capital, said the private equity firm will continue to focus on the Permian Basin while making opportunistic deals as it recently did in the Haynesville Shale.
Acquisitions & Divestitures
ONEOK’s EnLink/Medallion Deal is Market-wise, Financially Astute
In addition to bolstering its multi-basin network, ONEOK pulled off a $5.9 billion transaction while leaving its credit rating intact.
Shale Plays
Utica Oil: EOG’s New Downspacing Test Came on With 1,108 bbl/d
EOG Resources’ five-well Shadow pad surfaced 72,022 bbl its first 13 days online.
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Oil and Gas Investor Magazine
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.