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Diamondback Closes Permian Divestitures, Eyes More Midstream Sales

Diamondback Energy plans to sell off $1 billion in non-core assets by the end of 2023, including interests in long-haul pipelines and gathering and processing systems.

Could Geothermal Be the Next Drilling Boom?

Some experts say geothermal energy could follow a path similar to the unconventional oil and gas revolution.

Will ConocoPhillips Play Spoiler to Suncor’s $4B TotalEnergies Deal?

ConocoPhillips is “carefully” reviewing its first refusal rights in Surmont right of refusal to buy out partner TotalEnergies’ Surmont project as Suncor looks to buy TotalEnergies EP Canada for $4 billion.

Midstream, Investors Dive into the Business of CCS Tax Credits

Midstream companies are attempting to wrap new CCS business models around their existing organizations to take advantage of lucrative tax incentives created by the Inflation Reduction Act.

Enverus: Eagle Ford Upstream Deal Activity Soars in Q1

E&Ps continue to look at the Permian Basin for undeveloped acreage, but deal activity in the Eagle Ford Shale surged in the first quarter as buyers searched for producing assets.

Q&A: Eurasia’s Raad Alkadiri Talks US LNG Risks, Geopolitical Issues

Eurasia Group’s managing director Raad Alkadiri spoke with Hart Energy about the Russia-Ukraine war, the Harry Potter world of energy and Qatar and the U.S.’ plans to supply Europe and Asia with more LNG.

Molecular Transformation: Exxon Mobil Tackles the Energy Transition

CEO Darren Woods discusses Exxon Mobil’s expansion plans in the Lower 48 and managing the energy transition in Hart Energy’s The OGInterview.

Exclusive: Scott Sheffield Offers Peek Behind the Permian’s M&A Curtain

In an interview with Hart Energy, Pioneer CEO Scott Sheffield and his newly announced successor Richard Dealy discussed the future of the Permian Basin and the E&Ps own M&A strategy.

Matador Resources Prioritizes Reducing Debt After $1.6B Acquisition

Matador expects a boost in production from its $1.6 billion Permian Basin acquisition and touts new “horseshoe” wells as first-quarter results came in above expectations

Hydrogen? Sure—Just Don’t Mention a Carbon Tax

At the BNEF Summit in New York, panelists gabbed about hydrogen—and whispered about a carbon tax.

Private Equity Returns to Oil and Gas Industry

As private equity firms return to upstream oil and gas, firms might raise up to $15 billion for oil and gas upstream, but the industry could use up to $25 billion, experts said.

Oil, Gas Companies Face Shareholder Reckoning this Spring

Shareholder proposals targeting top producers demand board, climate accountability. 

Public Mineral, Royalty Players Eye M&A After Record 2022

After a record year for oil and gas mineral and royalty deals in 2022, public consolidators are still searching for scale through M&A, experts say.

Brazos Midstream Bets on the Permian’s Prowess

Brazos Midstream leadership reckons there will come a time where entering the public sphere makes sense, but for now, Brazos’ strategy reaps the rewards of private perspective.

Permian Paradox: Patterson CEO Says Fewer Rigs Demand More Workers

Patterson-UTI CEO Andy Hendricks said the Lower 48’s hottest play has tapped out the local workforce, requiring the drilling company to bring employees into the Permian Basin.

Think Decarbonization Has Been Derailed? Go Fly a Kite

With Russia's war in Ukraine comes the hard lesson that energy security begins at home—and that begins with decarbonization. 

Shining a Light on Downhole Completions

Optimal well spacing and solving downhole issues depends on complete data, extensive collaboration — and fiber optics.

Why Investing in Clean and Efficient Energy Production is a Boon for Oil and Gas

U.S. energy demand is increasing as rising inflation and geopolitical turmoil demonstrate the importance of diversified and domestic business investments and prioritizing long term and short term sustainability goals. 

Sitio CEO Seeks More Mineral, Royalty M&A: ‘We’re Still Too Small’

After growing into one of the nation’s largest public mineral and royalty companies last year through a $4.8 billion merger with Brigham Minerals, Sitio is searching for more deals, primarily in the Permian Basin.

Will There Be a Run in Crude Prices Later This Year?

Crude and fuel prices have the potential for another late 2023-2024 run in prices, as production and refining capacity lag.

Commentary: Capital Markets Don’t Care What We Think About ESG

Whether the energy industry likes it or not, ESG data and disclosures are becoming deeply embedded within capital access, and now, even insurance.

From Empire Building to Building Resistance

The next era of M&A looks to be characterized by less new infrastructure and big transactions. 

Sub-$2 Gas on Horizon As Supply Growth Swamps Natural Gas

More LNG demand in the future means a boost in production from the ArkLaTex will be necessary—presenting significant opportunities for upstream investment and infrastructure growth across the U.S.

Not Your Shale Boomer’s M&A Strategy

Rumors of Pioneer Natural Resources and Range Resources exploring a merger is reflective of the state of energy M&A. 

Beyond the Pipe: CEO Greg Ebel on Enbridge’s Strategy for M&A, LNG and Transition

New Enbridge CEO Greg Ebel’s is expanding the "FedEx" of midstream across North America and around the globe through M&A, LNG investments and carbon capture.

Complex Environment Demands a Pragmatic Approach to Energy Policy

Interests are rising within the U.S. and globally on addressing the goals of energy security and the energy transition. 

By Hook, Crook and Bolt-on, E&Ps Scramble to Add Inventory

Operators are adding inventory, largely through M&A, as some E&Ps see well productivity plateauing.

Market Watchers: Oil, Gas Demand to Overtake Supply by Year’s End

Dennis Kissler, senior vice president of BOK Financial’s trading division, discusses supply and demand and the gambles ahead for the market.

Q&A: EnCap’s Thielemann: Private Equity ‘Survivors’ Poised to Thrive

EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.

Commentary: Banking ‘Contagion’ Infects Global Oil Markets

Oil prices and E&P stocks plummet as banks fail and the Fed grasps for stability, with one expert saying, "people are afraid."