The Latest

Public Capital

Permian Operator Laredo Petroleum Purchases Howard County Acreage

Laredo Petroleum remains “focused on executing similar, reasonably-priced bolt-on acquisitions around our core position in Howard County,” CEO Jason Pigott says.

October 23, 2020

Business

Oil Executive Compensation: Rethinking Payment for Performance

Cracks have begun to show in the traditional performance metrics for executive compensation in the oil and gas industry, and there’s a growing push to reconsider them in the new environment.

October 23, 2020

People

Martin Midstream Names Bob Bondurant CEO as Founder Ruben Martin Retires

Martin Midstream’s founder, Ruben Martin, will retire as president and CEO on Dec. 31, but remain as board chairman and will continue to be actively involved in its business development.

October 23, 2020

Business

US Lawmakers Complain to Trump over Mexican Energy Policy

The letter argued that reports showed Mexican President Andres Manuel Lopez Obrador is providing preferential regulatory treatment for state oil firm Pemex and delaying or canceling permits for U.S. energy companies.

October 23, 2020

Business

US Shale Reinvestment Rate Falls

Analysts say the recent wave of consolidation among shale producers could also eventually lead to the end of U.S. tight oil’s growth story.

October 23, 2020

Public Capital

Equinor CFO Lars Christian Bacher to Resign

Finance executive Svein Skeie will replace Lars Christian Bacher on Nov. 1 and will hold the CFO position until a permanent appointment is made.

October 23, 2020

Business

Analysts Review US Shale Recovery, ‘New Normal’

The third-quarter uptick in activity was an industry restart, not a resumption of growth for U.S. shale, analysts say.

October 23, 2020

Business

Trump-Biden Clash over Climate Change Adds to Cloud over Oil Stocks

Trump pounced on Biden's comment during the final debate that he "would transition from the oil industry," asking voters in states where the oil industry is important to note his stance.

October 23, 2020

Public Capital

Shale Gas Producer EQT Reportedly Seeking to Buy CNX Resources

EQT had recently sent a takeover proposal to rival CNX Resources, a report said, adding that no final decision has been made.

October 22, 2020

Earnings

Patterson-UTI Sees Shale Activity Picking Up through Early 2021

U.S. oilfield services firm Patterson-UTI Energy expects oil and gas activity to continue to improve through at least the first quarter of 2021, CEO Andy Hendricks told investors.

October 22, 2020