While U.S. natural gas demand was mostly flat in 2020, Mexico’s grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Ford’s underdeveloped gas fairway.
It’s not the Keynes kind; it’s the Jack London kind. E&P executives are restless, according to a Dallas Fed survey, and they’re going mano a mano for market share. Will it manifest in consolidation? Where to next for the sellers? For some, it’s a new land rush: energy transition.
Oil is rebounding but is forecast to continue to be constrained by excess production potential at a higher price. Meanwhile, U.S. natgas is all dressed up with lots of places to go.
Secured-debt lenders have new terms for oil and gas producers. Some were underway before 2020.
E&P heads of investor relations describe their 2020 of reduced capital available for capture and fewer analysts to guide the big bucks their way.
2020 wasn’t looking like the kind of year an E&P could access capital—and certainly not at less than 2%. For Pioneer Natural Resources Co., it has been
Securing federal drilling permits, further proving the merits of midspacing wells, making free cash flow, achieving scale and finding an exit or, if not, how to go forward otherwise. Here’s what’s on the minds of oil and gas operators in the Delaware Basin today.
Castleton Resources is now the U.S. E&P consolidation platform of investment-grade Tokyo Gas Co. Ltd.
Nymex paper-trading of WTI crude futures normally represents the spot price. On April 20, the paper was worth less than zero.
A conventional, stratigraphic trap in Scurry County on the Permian Basin’s Eastern Shelf doesn’t cover hundreds of thousands of acres like shale plays. But the wells are just as good. And, for private wildcatters, they’re particularly great.
