Jordan Soto, executive producer, Hart Energy: Some say that the energy industry is entering into unprecedented times with consolidation like the industry has never seen before.
This is your A&D Minute powered by BOK Financial Securities. Joining us is Derek Podhaizer, vice president of equity research for U.S. onshore energy services/geothermal at Barclays.
Derek, what's next for the North American shale and the energy industry as a whole? We've seen a lot of consolidation, particularly this last year. What's next?
Derek Podhaizer, vice president equity research of U.S. onshore energy services/geothermal, Barclays: Right, so I think what comes with the maturing U.S. shale cycle is the industrialization of U.S. shale, accelerated by continued consolidation on the E&Ps and the services. And I think having these bigger, well-capitalized, disciplined players that could answer the call on demand from the E&Ps as far as providing the appropriate scale to complete these larger projects—this is where you smooth out the cyclicality of oil and gas, the boom-bust cycles that we've seen in the past. And going forward, smoothing out those cycles to create better companies, better businesses, generating returns, expanding margins and returning cash back to shareholders, ultimately creates a more investible U.S. shale for the future.
JS: That's your A&D Minute with BOK Financial Securities.
Recommended Reading
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
The One Where EOG’s Stock Tanked
2024-02-23 - A rare earnings miss pushed the wildcatter’s stock down as much as 6%, while larger and smaller peers’ share prices were mostly unchanged. One analyst asked if EOG is like Narcissus.
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.