Goodrich Petroleum President and COO Rob Turnham discusses the strategy behind the Houston-based company’s 100% natural gas-weighted position and how the Haynesville Shale’s location helps make that successful.
Energy banking in a pandemic that has diminished global oil and gas demand by at least 25%? A 38-year energy finance attorney and author of a history of oil and gas finance describes what the space looks like today.
An emphasis on relationships backed by operational expertise and experience has helped these two private-equity-backed midstream operators continue to perform.
John Jacobi, non-executive director at Comstock Resources, says tough times are ahead but the oil and gas industry could benefit from getting a little smaller.
CEO Jeff Miller says Halliburton’s strategy hasn’t changed as the company positions itself for the recovery. “I am an oil and gas bull. I believe in this business and I believe in this industry.”
U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.
“I do think we are going to be able to acquire assets and we are going to be able to come out of this a lot stronger,” Northern Oil and Gas CEO Nick O’Grady says.
The following is a sampling of companies in the oil and gas industry stepping up during this COVID-19 pandemic to help make a difference, including BP, Chevron, Petrobras and more.