How many more acquisitions will this company make? Find out in this A&D Minute with Hart Energy LIVE powered by BOK Financial Securities.
Just last month, Patterson UTI announced plans to merge with NexTier Oilfield Solutions to create a $5.4 billion services giant. Now they're acquiring drill bit manufacturer, Ulterra Drilling Technologies, expanding its market share and drilling and completions. What's their next acquisition?
Ring Energy divested acreage in the Permian Basin as the E&P works to shore up its balance sheet and reduce debt. Ring disclosed selling its non-core asset position in the Delaware Basin to an undisclosed buyer and is also looking to sell more. The company is currently marketing assets on the New Mexico side of the Permian.
Many U.S. electric utilities are streamlining their operations to shift away from fossil fuels towards cleaner energy sources, including solar and wind to meet their climate goals, including utility firm Duke Energy, who's selling its commercial distributed generation business to private equity firm ArcLight Capital Partners. The deal includes operating renewable energy assets, as well as a pipeline of projects in development.
That's you’re A&D Minute with Hart Energy LIVE powered by BOK Financial Securities. Be the first to watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/deals.
2023-09-19 - In this week's Tech Trends episode, Hart Energy's Jennifer Pallanich is with TGS' Sathiya Namasivayam, vice president of data and analytics, talking about TGS' cloud native data management service and why its needed in the energy industry.
2023-08-29 - In this week's episode of Tech Trends, Hart Energy's Jennifer Pallanich dives into how AI and machine learning increase production, drive down costs and improve safety.
2023-09-05 - AI capabilities are evolving and helping optimize workflows and aiding E&Ps with the vast troves of data they collect daily.
2023-08-31 - Generative AI technology shares characteristics with the dot com bubble, but it’s moving even faster and, arguably, with greater risk.
2023-09-12 - The sooner companies start using generative AI, the sooner they’ll reap benefits, experts say. But some E&Ps worry proprietary data and methods will get passed to other customers.