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.
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.
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.
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.
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.
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.
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.
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.
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.
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.