Oil and Gas Investor A&D Trends: Reality and the Damage Done

Volatility in prices has some “arguing in favor of accelerating the transition away from fossil fuels” and those who still see fossil fuels are needed.

(Source: Hart Energy)

[Editor's note: A version of this story appears in the November 2021 issue of Oil and Gas Investor magazine.]

Musings from the field—meaning phone calls from the office, not the actual oil field of course.

First, the recent A&D Strategies and Opportunities Conference in Dallas was a salute to E&P capital discipline, particularly for oil makers. It should be noted that each congratulatory declaration seemed wrapped in a certain subtext: Step away from the drill, and keep your hands up.

How fleeting will E&P restraint be? Which of the large public companies will go rogue as wells in every basin return to viability, meaning able to generate 100% returns, A&D professionals mused. Trying to untangle such riddles is about as easy as defusing a bomb using only Ikea-style instructions. Finding the red wire is not so easy in black and white.

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Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.