This is your Hart Energy A&D Minute with Jordan Soto and powered by Energy Capital Conference.
Excitement is in the air as Occidental Petroleum Corp.’s Midland Basin unproved properties are “better than expected” in the expanded joint venture (JV) with Ecopetrol, according to Oxy’s CEO Vicki Hollub. Read why in a Hart Energy exclusive with senior energy reporter, Pietro Pitts.
Full-throttle dealmaking continues with Northern Oil and Gas Inc. (NOG) announcing an additional core northern Delaware Basin bolt-on acquisition for $130 million as the company eclipses $1 billion in deals this year.
How is Exxon Mobil Corp. viewing its portfolio and possible M&A? From across the pond, the company’s vice president of exploration and former M&A leader explains his view on the major’s dealmaking.
This Hart Energy A&D Minute is powered by Energy Capital Conference on Oct. 25 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.
2023-01-27 - Dan Pickering, Chief Investment Officer of Pickering Energy Partners (PEP), discusses U.S. production and M&A after a “funky and weird” 2022 and sees the U.S. shale boom settling into a “shale business.”
2022-11-09 - IEA Executive Director Fatih Birol said in the past oil producing nations had taken decisions that calmed markets. “This decision may put further upward pressure on inflation and weaken the global economy,” Birol told Reuters.
2023-01-17 - Russia expects Western sanctions to have a significant impact on its oil products exports and therefore its production, but that will likely leave more crude oil to sell, a senior Russian source with detailed knowledge of the outlook told Reuters.
2022-11-09 - The U.S. Treasury’s Office of Foreign Assets Control last week imposed sanctions on the stranded tanker, Young Yong, for its part in an international oil smuggling network that Washington said supports Hezbollah and Iran’s Quds Force.
2022-11-17 - Saudi Arabia’s crude oil exports rose about 1.6% to 7.721 million bbl/d in September—the highest since April 2020—from 7.601 million bbl/d in August.