The Williston Basin has the ideal properties for long-term carbon storage, Continental Resources Founder Harold Hamm told Hart Energy at an event in Fargo, N.D. announcing the shale producer’s first carbon capture project.
Can the Permian Basin–the most prolific basin in the U.S.—turn on a dime, or $100 oil?
Just as the E&P sector changed its focus from growth and even sprawling net acreage to capital discipline, dealmaking in 2021 and beyond has been altered into a single question: Does it make money?
Margins are strong in the multistream SCOOP, STACK and Merge where operators are dialing up the hydrocarbon weighting they want from any given rig. Yet, any stream—oil, gas, NGL—will make the numbers these days.
Oilfield service companies are beginning to increase prices, but E&Ps are in no mood to spend.
Natural gas supply is limited by hesitancy from investors and producers, as well as logistics constraints.
While public operators are on a growth diet, private operators are taking advantage of higher oil and gas prices—and nowhere more so than in the Permian Basin.
Buyers’, investors’ and others’ growing demands for carbon-lite fuels and ESG in operations have U.S. gas producers and shippers stepping up to differentiate themselves from peers. The prize may be a higher price per Mcf for their products. Or it may simply mean continued existence.
The E&Ps have endured since day one. Where do recent signposts lead them next? If a barrel or Mcf is needed, an indie will supply it.
In the aftermath of 2020’s large-scale mergers and corporate transactions, the deal pantry will likely find itself overflowing with asset buyers hungry for suitable acreage.
Consolidation, lower costs and better wells plus PUDs have regained value—all indicators point to the Midland Basin as the epicenter of renewed oil and gas activity.
Antero Resources Corp. says its days of growth are over, while other operators are still working to capitalize on growth after the pandemic slump.
E&P executives find themselves under fire for pocketing large bonus payouts in recent years while shareholder equity values tanked, but blame it on a broken incentive model. Now, the rules are being rewritten for how executives are rewarded.