The Latest

Investment

Bellatorum Resources Launches $100 Million Fund Targeting Texas Royalty Acquisitions

Capital raised for Bellatorum Resources’ latest fund will be used to purchase oil and gas royalties in Texas, including in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Barnett Shale plays.

December 3, 2020

Public Capital

Oil Major Chevron Makes Billions in Spending Cuts Despite Restructuring

Chevron's 2021 Permian Basin spending of $2 billion is half of what it planned at the start of 2020 and lower than 2019 levels of $3.6 billion, says Biraj Borkhataria from RBC Capital Markets.

December 3, 2020

Public Capital

Pioneer’s Sheffield: Few Independents Will Survive Oil Downturn

The consolidation trend among oil and gas producers will continue, Pioneer CEO Scott Sheffield says, before vaccines pave the way for recovery.

December 3, 2020

People

Forty Under 40: Mike Kifer, EnerVest Ltd.

Today’s featured Forty Under 40 honoree is Mike Kifer, vice president of acquisitions and reserves for Houston-based EnerVest Ltd.

December 3, 2020

Public Capital

Oil Majors Wipe $80 Billion Off Books as Pandemic, Energy Transition Bite

The shares of Exxon Mobil, Shell and BP have lost over 45% so far this year, more than benchmark Brent oil prices that have lost around 27% and stand today near $48/bbl.

December 3, 2020

Public Capital

Shale Producer Pioneer Natural Resources Sets Targets to Reduce Emissions

Pioneer Natural Resources Co. set targets to reduce its greenhouse gas and methane emissions on Dec. 2, becoming the latest oil and gas company to set long-term climate goals.

December 2, 2020

Business

Virtual DUG East: ESG—There’s Nowhere Left to Hide

A roundtable of oil and gas experts from Range Resources, Quantum Energy Partners and Babst Calland offered insights on why ESG dialogue is central to investment dollars during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.

December 2, 2020

Company Profiles

Virtual DUG East: CNX Resources’ Nick Deluliis Talks M&A and ‘Reckonings’

While not addressing rumors of possible mergers involving CNX Resources, the industry veteran offered ‘hard truths’ on successful combinations in the Appalachian Basin during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.

December 2, 2020

Public Capital

ConocoPhillips to Shed Up to 500 Employees from Houston Headquarters

ConocoPhillips Co., the largest U.S. independent oil producer, said on Dec. 1 that it would lay off up to 500 Houston employees, about a fifth of its headquarters workforce.

December 2, 2020

People

Forty Under 40: Ryan Keys, Triple Crown Resources LLC

Today’s featured Forty Under 40 honoree is Ryan Keys, president and co-founder of Triple Crown Resources, a Houston-based private operator in the Midland Basin.

December 2, 2020