Nissa
Darbonne
Oil and Gas Investor
Haynesville 2020
Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.
Exxon Mobil, Chevron Adjust in Permian Basin amid Market Volatility
The supermajors are focused on specific developments and improving efficiency in the Permian Basin as market conditions recover.
ConocoPhillips Sinks to $1 Billion Loss on Weak Oil Price
Shares in ConocoPhillips, the largest independent producer in the U.S. by market cap, fell sharply despite news it is gradually restoring oil production.
US Oil Producer Denbury Resources Files for Bankruptcy Protection
Texas-based Denbury Resources joins a growing wave of companies in oil and gas industry to buckle due to low oil prices.
The Latest
Public Capital
Devon Energy Aims to Clinch Early Barnett Exit
Devon Energy’s Barnett Shale exit, a deal potentially worth up to $830 million, will now close at the beginning of October rather than the end of the year.
August 4, 2020
Public Capital
Pioneer Natural Resources Posts Bigger Quarterly Loss
Despite the loss, Pioneer Natural Resources generated $165 million of free cash flow for the quarter, which President and CEO Scott D. Sheffield attributed to significant cost reductions and operational efficiency improvements.
August 4, 2020
Public Capital
Continental Resources to Resume Most Curtailed US Shale Production
Continental Resources, which shut 70% of its oil output when prices and fuel demand collapsed, said U.S. production growth will stay moderate unless oil reaches $50-$60/bbl.
August 4, 2020
Business
Experts Expect Tough Second Half Ahead for Oil Sector
Oil and gas companies face continued market volatility despite an already historic year so far.
August 4, 2020
Public Capital
BP Halves Dividend after Record Loss, Speeds Up Low-carbon Reinvention
BP last reduced its dividend in 2010, when it was suspended for three quarters following the deadly Deepwater Horizon rig explosion.
August 4, 2020
Public Capital
Parched US Shale Patch Crushes Oilfield Services Sector
Schlumberger, Halliburton and Baker Hughes shift focus overseas and away from U.S. shale as domestic revenues dry up.
August 4, 2020
Business
Haynesville 2020
Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.
August 4, 2020
Earnings
MPLX: DAPL, Tesoro High Plains Closures Could Cut Earnings by $100 Million
Company has a 9% stake in DAPL and owns Tesoro High Plains outright.
August 3, 2020
Public Capital
Range Resources Agrees to North Louisiana Asset Sale for $245 Million
Range Resources acquired its North Louisiana position in 2016 through an all-stock merger with Memorial Resource Development valued at about $4.4 billion, including debt.
August 3, 2020
Public Capital
Continental Resources Posts Second Straight Quarterly Loss
U.S. shale producer Continental Resources Inc. on Aug. 3 posted a bigger-than-expected second-quarter loss as the coronavirus crisis and related lockdowns pummeled demand.
August 3, 2020