In part two of this unique industry dialogue hosted by Hart Energy, Tom Petrie, chairman of Petrie Partners, answers the question: Is there a seat at the OPEC table for U.S. shale independents?
Joining Hart Energy’s Jessica Morales, Oil and Gas Investor Editor-in-Chief Steve Toon and E&P Executive Editor Jennifer Presley, Petrie discusses whether the current OPEC process is outdated and will the price shock serve to rebalance markets.
“I think there is some high-cost oil that will be part of the self-correcting mechanism that’s been triggered,” Petrie said.
Need to recap? Find part one of the discussion here.
2022-05-18 - Here’s a snapshot of recent energy deals including Grey Rock’s $1.3 billion business combination with Paul Ryan-backed SPAC plus a $575 million roll-up of Rattler Midstream by Diamondback Energy.
2022-03-01 - Pembina Pipeline and KKR on March 1 agreed to form a JV, merging their Western Canadian gas processing assets in deals worth CA$11.4 billion (US$8.99 billion), which included the Energy Transfer Canada transaction.
2022-04-04 - The Monument Pipeline provides natural gas transportation and marketing services to end-users in the Houston area and will be operated by affiliates of ARM Energy.
2022-03-22 - GRP Energy Capital LLC retained Stephens Inc. for the sale of certain mineral and royalty interests located across multiple major U.S. oil and gas basins including the Permian, D-J and Williston Basin.
2022-03-22 - Rocky Creek Resources LLC retained EnergyNet for the sale of about 2,750 net acres spanning the condensate gas window of the Eagle Ford Shale located in DeWitt County, Texas.