Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
This is your Hart Energy A&D Minute with Jordan Soto and powered by A&D Strategies and Opportunities Conference.
Did you know that Warren Buffett has the green light to buy half of Occidental Petroleum? No really, his company Berkshire Hathaway just got the go-ahead from FERC to purchase up to 50% of Oxy after buying about 20% of the Houston-based company so far this year.
Phillips 66 is also pumping out cash; the company offered a cash buyout to DCP Midstream. Enbridge called it a “joint venture merger” which will impact indirect ownership interests in DCP Midstream and the Gray Oak Pipeline. Chances are Phillips 66 will be paying a lot more than offered since DCP’s share price is already 8% higher on news of the offer.
Is there a little bit of the Marcellus in Oklahoma? Diversified Energy seems to think so after spending $240 million to buy ConocoPhillips’ Midcontinent assets and re-create its Appalachian successes in the Sooner State. The deal really got our attention, so we got Co-founder and CEO Rusty Hutson on the line for a Hart Energy Exclusive interview. Hutson told Oil and Gas Investor Senior Editor Darren Barbee that “The mom-and-pop era of oil and gas is pretty much over.” Why’d he say that? Read the article to find out.
This Hart Energy A&D Minute is powered by A&D Strategies and Opportunities Conference on Oct. 26 in Dallas. Watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at HartEnergy.com/newsletters/ad-watch.
Recommended Reading
Help Wanted (Badly): Attracting Workers to Energy is Becoming Difficult
2024-03-27 - Attracting workers to the energy industry is becoming a difficult job, despite forecasted growth in the industry.
Stena Evolution Upgrade Planned for Sparta Ops
2024-03-27 - The seventh-gen drillship will be upgraded with a 20,000-psi equipment package starting in 2026.
Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
2024-03-26 - Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
E&P Highlights: March 25, 2024
2024-03-25 - Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
TotalEnergies Restarts Gas Production at Tyra Hub in Danish North Sea
2024-03-22 - TotalEnergies said the Tyra hub will produce 5.7 MMcm of gas and 22,000 bbl/d of condensate.