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.
2022-09-29 - After establishing a working relationship through the development of the ECG system in 2020, Proserv acquired a stake in Synaptec and will add its CEO to Synaptec's board of directors.
2022-09-22 - The deployment of Schlumberger and Microsoft's OSDU data platform will accelerate time-to-value and break data silos, according to Wintershall Dea.
2022-09-21 - At the Schlumberger Digital Forum 2022 in Lucerne, Switzerland, the company presented its newest data solution, co-created with Microsoft Energy Data Services.
2022-09-19 - At launch of the Schlumberger Digital Platorm Program, nine independent software vendors are offering software solutions to Schlumberger customers.
2022-09-14 - Schlumberger's Enterprise Data Solution paired with the Cognite Data Fusion tool will give customers better access to operational data while delivering value faster.