Texas oil producers gathered in Irving, Texas, for two days for the 2019 Texas Alliance Expo and Annual Meeting. This year's event took place at the Irving Convention Center and was co-hosted by IPAA. The general sessions touched on everything from the economic outlook for Texas oil and gas and federal regulations to hedging for independents and property transfers.
Hart Energy’s Len Vermillion was in Irving and joined Jessica Morales by phone to discuss takeaways from this year’s conference.
As chairman and president of BP America, David C. Lawler is expected to lead the British oil major’s efforts in the U.S. to become net-zero by 2050.
Additionally, EQT decided to temporarily curtail approximately 1.4 Bcfe/d of gross production, equivalent to roughly 1 Bcfe/d of net production.
Houston-based WaterBridge Resources agreed in late February to acquire Centennial Resource Development’s Permian water assets in a $225 million transaction that was expected to close at the end of the first quarter.