Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.
Gas production from the Permian Basin has already surpassed pre-pandemic highs and is slated to rise 41% by 2030 compared to current levels, according to Rystad Energy data.
Double Eagle has garnered almost $2 billion in equity commitments for its Double Eagle IV partnership which could bring upwards to 25,000 net acres under its ownership in the Permian Basin by year-end, CFO Joshua A. Gregg told attendees at Hart Energy’s annual Executive Oil Conference.
Legendary Wildcatter Gene Shepherd, who now is on the hunt for $1 billion deals as CEO of VTX Energy Partners, spoke to Hart Energy about the exploration environment and why he’s now considering gas.
Babatunde Cole, the president and general manager of Occidental Petroleum’s Delaware Basin business unit, spoke to Hart Energy about how the Permian Basin fits within Oxy’s sustainable goals.
Dan Pickering, founder and chief investment officer, spoke to Hart Energy about the $450 million worth of capital Pickering Energy Partners has to deploy in the opportunity-rich Permian Basin.
While uncertainty remains around the expected regulations resulting from the surprise EPA drop, “our shareholders demand we do better than the regulations anyway,” Diamondback Energy CFO Kaes Van’t Hof told attendees of Hart Energy’s Executive Oil Conference.
Chesapeake Energy CFO Mohit Singh shared details with Hart Energy conference attendees on the company’s strategy to withstand downturns and keep shareholders happy with dividends and low-carbon natural gas.
Hart Energy’s Executive Oil Conference & Exhibition returns to Midland with a comprehensive view of Permian oil and gas activity, Nov. 3-4 at the Midland County Horseshoe Arena & Pavilion.
Loss of value doesn’t mean the end of an industry. Just take a look at the late-1990s tech bubble. Nasdaq lost 75% of its value, but the number of internet users tripled.