OGI Jan

Oil and Gas Investor Magazine - January 2020

Major players push the envelope—and independents—in the major shales.

The desert city of Midland, Texas, is generally a poor barometer by which to measure booms, busts or even the passing of seasons. Year-round, the landscape in the Permian Basin alternates between the rugged chaparral brush and the 11 evergreen golf courses catering to the city. But something has caught in the air in Midland, like ragweed or discontent. “There’s a slowdown going on in the Permian,” Pioneer Natural Resources Co. CEO Scott Sheffield told Oil and Gas Investor, “while oil majors are increasing production.” In early spring 2019, Exxon Mobil announced it would turn its Permian Basin position into a kind of dreadnought. There goes the neighborhood, writes Investor Senior Editor Darren Barbee. This issue of Investor explores how Exxon Mobil’s plans for its Permian position raises questions about how majors will coexist with its neighbors.

Also in this issue:

  • To everything there is a season, and while others might find this a time to scatter stones, this disciplined and prepared E&P is busy gathering them. The principals of Lime Rock Resources talk strategy, A&D and practiced patience.
  • The Permian Basin remains one of the best opportunities for nonoperating investors in the world, particularly for those who go in with eyes wide open to these risks and a clear plan for mitigating them.
  • The 2016 Sabine ruling seemed to absolve E&Ps in bankruptcy from their midstream agreements, but a new Colorado case levels the playing field. The moral: Language matters.

Cover Story

In The Shadow Of Oil And Gas Giants

There goes the neighborhood? In early spring 2019, Exxon Mobil announced it would turn its Permian Basin position into a kind of dreadnought, raising questions about how it will coexist with its neighbors.

Feature

Capital Strategies: Stretching The Energy Dollar

E&Ps are exploring all avenues to access capital on terms that make sense for their situations.

Domestic Energy Supply: DUC And Cover!

Drilled but uncompleted wells have become an increasing point of contention—in both how to define them and how to count them.

East Texas Chalk: It’s The Matrix

Another century, another sequel to the indomitable Austin Chalk where it all began: East Texas. This rock still has a lot of oil and gas.

Energy Business Strategies: Composing The Board Of The Future

Creating the right board of directors could give value investors the confidence to get capital flowing back into the oil and gas industry.

Legal Analysis: Midstream Dedications

The 2016 Sabine ruling seemed to absolve E&Ps in bankruptcy from their midstream agreements, but a new Colorado case levels the playing field. The moral: Language matters.

Lime Rock Executive Q&A: A Time To Pause, A Time To Buy

To everything there is a season, and while others might find this a time to scatter stones, this disciplined and prepared E&P is busy gathering them. The principals of Lime Rock Resources talk strategy, A&D and practiced patience.

Raisa Energy: Accessing Asset-Backed Securities

Raisa Energy has created an investment grade security backed by a highly diversified pool of E&P assets.

Risk Management: Legal Issues Permian Investors Should Know

The Permian Basin remains one of the best opportunities for nonoperating investors in the world, particularly for those who go in with eyes wide open to these risks and a clear plan for mitigating them.

The Permian Basin At 100: Proud Past, Exciting Future

A special Oil and Gas Investor report commemorates the 100th anniversary of the Permian Basin and sheds light on its promising future, as its significance on the world energy scene increases.

Tracy Krohn Profile: Driven

Tracy Krohn puts his money where his assets are ... in the oil patch, on the race track and in Hollywood.

A&D Trends

A&D Trends: Oil And Gas Game Changer

In the coming year, public oil and gas companies may face a better chance of being acquired and taken private.

At Closing

OGI At Closing: So What Is New For Oil And Gas?

The race is on now for 2020—production surplus is dueling with the drilling pace and making money.

E&P Momentum

E&P Momentum: True Cycle Time

While oil and gas operators reduce active cycle time in drilling days or completions, future gains will be captured by reducing total cycle time.

From the Editor-in-Chief

From OGI Editor-In-Chief: The Energy Industry’s Coming Decade

The energy industry is experiencing great volatility as we enter the third decade of the millennium.

On the Money

On The Money: No Single (Or Simple) Solution For E&Ps

As we look back on 2019, and ask ourselves where the E&P industry is headed, we may wonder where we may find wisdom.