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The Biden administration mistakenly believes that the shale industry can "just run out, set up a bunch of rigs and grow production over night,” said Steve Green, president of Chevron's North America E&P division, speaking at Hart Energy's DUG Permian and Eagle Ford conference.
While it’s inevitable that another basin snatches a ray of limelight from the Permian Basin from time to time, probably no one expected a rare run on Utah’s Uinta Basin, where M&A has suddenly been heating up.
The Ukraine war has the potential to redraw the world’s energy map, particularly as U.S. LNG begins to flow to Europe to replace Russian natural gas.
Robotics, automation and remote operations strategy will be key for the industry to allow human and machines to maintain a delicate balance.
Reaching decarbonization goals involves internal discussions over the best technologies to implement for projects that, offshore, may not see first oil for five years, says Petrobras’ João Henrique Rittershaussen during an OTC panel discussion.
The recent swirl of deals in and around the Haynesville Shale hasn’t exactly been a surprise to Rockcliff Energy where Christopher Simon serves as vice president of business development.
E&Ps are working hard on capital discipline, which has translated largely into shedding billions in debt as they lay the foundation for shareholder returns.
Time, patience and volume are required for minerals and royalty companies to start attracting more investor interest, executives said at the World Oilman’s Mineral & Royalty Conference in Houston.
The first quarter saw announced transaction values of about $14 billion marking the strongest start in the E&P sector in five years, Enverus said
ConocoPhillips’ Eagle Ford Shale leasehold in DeWitt and Lavaca counties, Texas, is being marketed as the company also looks to offload 280,000 net acres in the Anadarko Basin.