This is your Hart Energy LIVE A&D Minute powered by the DUG Haynesville Conference March 28 and 29 in Shreveport.
Last year, Diamondback Energy bought more than $3 billion worth of Midland Basin assets. Now the company is in the market to sell in a big way. Click here if you want to know what they’ve unloaded so far and their surprising new sales goal.
Chesapeake Energy’s quest to become a natural gas only producer meant selling their oily Eagle Ford assets. After a January deal was met with some lukewarm results, why is one analyst saying their more recent $1.4 billion deal was a "much better deal this time"?
Private equity was a go-to seller last year to large oil and gas companies. But signs point to a financial regrouping by PE. A newly backed Quantum Energy Partner’s portfolio company is already buying up D-J Basin assets. So what’s next for private equity in the E&P world?
That’s your Hart Energy LIVE A&D Minute powered by the inaugural Gulf of Mexico Energy Transformation Conference - Save your seat before it sells out! Watch new A&D Minute episodes every Wednesday, and sign up for our A&D Watch newsletter at hartenergy.com/transactions.
EIA Chops Price Forecasts for Oil, Gas
2023-01-11 - Weakened U.S. and global economies, and higher production, will lead to a 10.6% cut for WTI and 9.8% reduction for Henry Hub natural gas this year, according to the Energy Information Administration.
Oil Settles Up 2% on Tightening Supply, Demand Concerns
2023-02-23 - WTI crude futures settled up $1.44, or 2%, to $75.39 a barrel, ending a sixth session losing streak.
U.S. Natural Gas Futures Plunge to 21-month Low Ahead of Report
2023-01-26 - U.S. natural gas futures plunged about 8% amid a forecast of warmer weather and a federal report expected to show last week's storage withdrawal was much smaller than usual.
Oil Prices Rally to Highest Close Since Dec. 1 on China Optimism
2023-01-19 - Brent crude futures gained $1.18, or 1.4%, to settle at $86.16 per barrel, while WTI crude futures rose by $0.85 cents, or 1.1%, to settle at $80.33 per barrel. Those were the highest closing levels for both contracts since Dec. 1.
US Gas Prices Jump 6% On Higher Demand Forecast
2023-01-12 - The price increase came ahead of a federal report expected to show last week's storage withdrawal was much smaller than usual because the weather then was warmer than normal, keeping heating demand low.