The Latest

Business

Opinion: Upstream Consolidations Gaining Steam?

Perhaps the long-expected wave of consolidations is finally happening in the upstream business. Here’s why certain ones may ultimately create value for their investors.

October 21, 2020

Earnings

Baker Hughes Posts Third Straight Quarterly Loss as Demand Still Hurt

Revenue from Baker Hughes’ oilfield services unit, which accounts for nearly 46% of its total sales, fell 31% to $2.31 billion in the third quarter.

October 21, 2020

Public Capital

Equinor Bids for Two Wind Power Projects Off US East Coast

Together the projects have the potential to power more than one million U.S. homes, with BP becoming a 50% non-operating partner.

October 20, 2020

Public Capital

Pioneer Natural Resources to Acquire Parsley Energy in All-stock Merger

The merger of the two shale producers, both Permian Basin pure-plays, follows a growing wave of consolidation, which Enverus’ Andrew Dittmar described as a “historic winnowing of U.S.-based independent E&P companies.”

October 20, 2020

Business

Exxon Mobil Denies Trump, CEO Spoke on the Phone

President’s remarks at his rally described hypothetical calls with oil executives.

October 20, 2020

Company Profiles

PATH FORWARD: Parker Drilling’s New CEO Talks OFS Opportunities, Optimism

Sandy Esslemont, president and CEO of Parker Drilling, stopped by Hart Energy to discuss his new position with the international drilling service provider and outlook on the oil and gas industry as a whole.

October 20, 2020

Public Capital

Pioneer Natural Resources Reportedly in Talks to Buy Parsley Energy

Pioneer and Parsley, both Permian pure-plays, are discussing an all-stock deal and could be completed by the end of the month if talks don’t fall apart, a report by the Wall Street Journal said citing people familiar with the matter.

October 20, 2020

Earnings

Halliburton Posts Fourth Straight Quarterly Loss as Oil Rout Drags Demand

Halliburton still beat analyst estimates earning 11 cents a share versus expectations of 8 cents per share.

October 19, 2020

Public Capital

ConocoPhillips to Buy Permian Shale Producer Concho Resources in All-stock Deal

Concho Resources’ chairman and CEO, Tim Leach, is set to join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president of Lower 48. 

October 19, 2020

Business

Opinion: How US Fracking Could Be an Unlikely Beneficiary of a ‘Blue Wave’

Optimism for the dry gas sector is bubbling up like methane in a Pennsylvania spring.

October 19, 2020