Loss of value doesn’t mean the end of an industry. Just take a look at the late-1990s tech bubble. Nasdaq lost 75% of its value, but the number of internet users tripled. The same will be true of the oil business: Just because oil-company stocks are down doesn’t mean the world will stop using oil anytime soon.
Chuck Yates, Galactic Viceroy, Energy Analysis
2023-11-29 - Longreach Alternatives (LRA) has retained Detring Energy Advisors for the sale of its operated oil and gas assets in Andrews County in the northern Midland Basin.
2023-10-25 - Northern Oil and Gas picked up more wells and acreage in the third quarter and upped its capex as, so far this year, the company cobbled together nearly 30 net locations through 31 transactions.
2023-09-27 - White Rock Oil & Gas LLC retained TenOaks Energy Advisors for the sale of a majority operated working interest portfolio located across five regions of the lower 48—the Permian Basin, Ark-La-Tex, Rockies, Mid-Continent and Michigan.
2023-10-11 - ConocoPhillips has retained TenOaks Energy Advisors for the sale of certain operated and non-operated properties located in the Delaware Basin.
2023-10-11 - Exxon Mobil is acquiring Pioneer Natural Resources in a megadeal that will reshape the Permian Basin—and the U.S. oil landscape as we know it.