Dan Pickering, founder and chief investment officer at Pickering Energy Partners, joined Hart Energy’s Jessica Morales by Zoom to discuss the fallout from the devastating plunge in oil prices this week and where that leaves M&A.
Pickering also shared his take on the Texas Railroad Commission’s decision to not mandate oil production cuts, for now, saying: “Maybe the Railroad Commission comes in when demand gets better and we get closer to bridging that supply/demand gap. That’s when it’s really going to matter.”
As far as what energy investing in 2020 will look like moving forward, Pickering added, “The big guys are going to survive and you really have to start picking winners and losers in the smaller cap. Being very selective is what I would call energy investing 2020-style.”
2022-05-16 - Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.
2022-05-19 - The $7 billion “merger of equals transaction” of Centennial Resource Developement and Colgate Energy will create the largest pure-play E&P company in the Delaware Basin of the Permian.
2022-04-26 - Under a strategic participation agreement with Oaktree Capital, Diversified Energy will obtain a 52.5% working interest in the acquisition of certain East Texas upstream assets and related facilities from a private seller.
2022-03-02 - Continental Resources agreed to commit $250 million to Summit Carbon Solutions as part of a strategic investment in the construction of the largest carbon capture and sequestration project of its kind in the world.
2022-03-23 - Chesapeake Energy’s recent vibe, to put a word to it, has been decidedly bubbly.