Oil and Gas Investor Magazine - October 2022
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THE LNG GODFATHER
Charif Souki was the first to new-build a U.S. LNG import plant this century. He followed with the first Lower 48 LNG export plant. His thoughts on this 2022 chapter of the global natural gas story include “misery” and “nervous” and “total nonsense.”
PRIVATE EQUITY’S RETURN
Improved returns are causing some private equity firms to reconsider the opportunities available to them in the oil and gas industry, but they are weighing these against pressures related to the energy transition.
LATIN AMERICA’S INVESTMENT OPPORTUNITIES
Brazil and Argentina offer large-scale investment prospects that focus on electricity, renewables, asset divestments, crude oil and natural gas production, infrastructure buildouts as well as LNG exports.
REPLICATING THE APPALACHIAN BASIN IN OKLAHOMA
Diversified Energy has tallied 21 total transactions valued at about $2.5 billion while returning $492 million in dividends.
UPWARD BOUND
Clean energy technology investment is expected to surge as the Inflation Reduction Act helps stabilize climate, experts say.
A STRANGE AND BROKEN YEAR FOR M&A
Sporadic deal flow and the emergence of mineral companies highlight 2022—a year that started out with swagger before the war in Ukraine upended commodity prices.
Cover Story
C-suite Chat with Charif Souki—The LNG Godfather
Charif Souki was the first to new-build a U.S. LNG import plant this century. He followed with the first Lower 48 LNG export plant. His thoughts on this 2022 chapter of the global natural gas story include “misery” and “nervous” and “total nonsense.”
Feature
A ‘Strange and Broken’ Year For M&A
Sporadic deal flow and the emergence of minerals companies highlight 2022 — a year that started out with swagger before the war in Ukraine upended commodity prices.
Devon Energy’s Gaspar on Consolidation: Everyone is Expendable, Including Him
With $2.6 billion in acquisitions this year, Devon Energy has made its first expansions since Devon and WPX merged in January 2021. Still, COO Clay Gaspar said the industry remains “fractured.”
Diversified CEO: Replicating the Appalachian Basin in Oklahoma
Including its most recent acquisition of ConocoPhillips’ Oklahoma assets, Diversified Energy has tallied 21 total transactions valued at about $2.5 billion while returning $492 million in dividends, the company’s CEO told Hart Energy.
E&P Executive Compensation: Better Aligned
Analysis of annual incentive plan compensation formulas for 20 of the largest publicly traded U.S. E&P companies revealed just how dramatically executive compensation metrics have evolved in recent years.
Latin America's Abundance of Investment Opportunities
South American countries Brazil and Argentina offer large-scale investment opportunities that focus on electricity, renewables, asset divestments, crude oil and natural gas production and infrastructure build outs and LNG exports.
From the Editor-in-Chief
Russian Aggression, LNG Market Expansion
Russia’s invasion of Ukraine tilts the LNG market to favor the U.S., which has drilled and innovated its way to become a key global exporter of LNG—thanks in large part to the persistence of Charif Souki.