Oil and Gas Investor Magazine - May 2023
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CEO Darren Woods discusses Exxon Mobil’s expansion plans in the Lower 48 and managing the energy transition in The OGInterview.
E&Ps KEEPING PRODUCTION FLAT, HEDGING AMID GAS PRICE SLUMP
Executives are adjusting their drilling and hedging strategies in the Haynesville Shale following U.S. natural gas price collapse.
ELECTRIFYING THE PERMIAN
BPX Energy is closing in on its net zero goals using electricity and centralized handling in the Permian Basin.
SABINE OIL & GAS IS LOOKING FOR ACREAGE
Haynesville Shale pureplay Sabine is in the market for assets beyond its East Texas footprint.
BRAZOS MIDSTREAM BETS ON THE PERMIAN’S PROWESS
Privately held Brazos is growing in the Delaware Basin as leadership contemplates what’s next.
INSIDERS PONDER THE FATE OF TELLURIAN’S DRIFTWOOD LNG PROJECT
Tellurian Inc. is pulling out the stops to raise equity for its mega LNG project as key executive dumps 25 million shares.
PERMIAN PARADOX: FEWER RIGS DEMAND MORE WORKERS
Patterson-UTI CEO Andy Hendricks says high-tech rigs in the Lower 48’s hottest play are tapping out the local workforce.
SANTA RITA: THE HISTORIC PERMIAN WELL THAT ALMOST WASN’T TURNS 100
The Permian Basin’s first gusher hits the century mark on May 28.
CHESAPEAKE ENERGY REACTS TO GAS GLUT, WEAK GLOBAL DEMAND
The U.S.’ second-largest natural gas producer is reducing its rig count in the Haynesville Shale.
CHEVRON DOMINATES PIVOTAL GULF OF MEXICO AUCTION
The supermajor accounted for almost half of the winnings bids in the Gulf’s first offshore lease sale in more than a year.
HEADWINDS AHEAD FOR HAYNESVILLE GAS PRODUCTION
Enverus expert anticipates 2024 production slump to poise the Haynesville Shale for midterm growth.
GEOSOUTHERN ENERGY PARTNERS ON HAYNESVILLE II
President Meg Molleston offers rare peek into the firm’s plans for a second portfolio in the Haynesville Shale.
OFFSHORE DRILLERS SEE RIGOROUS SELECTION PROCESS
The offshore drilling market is in an upswing and rig providers are focused on meeting E&Ps demands with the latest bells and whistles.
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.
EPA Focuses on Oil, Gas Producers’ Emissions, Raises Spill Penalties
The U.S. Environmental Protection Agency continues to lay down the law on oil and gas emissions and raise penalties for failure to have adequate spill control measures.
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.
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.
From Empire Building to Building Resistance
The next era of M&A looks to be characterized by less new infrastructure and big transactions.
Coming Soon: Blockchain OFS
Blockchain and the energy industry are converging, and oil and gas operators will need to get in line.
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.
2023 E&P Meritorious Awards for Engineering Innovation
Hart Energy’s Meritorious Awards for Engineering Innovation recognizes 17 technologies for engineering excellence in the upstream petroleum industry and highlights new products and technologies that demonstrate innovation in concept, design and application.
Asian Companies Keen on US Gas Supply and LNG
Energy security concern is largely the reason behind Asian producers’ interest in developing energy assets in U.S. shale.
MidContinent & Permian Basin
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.
Santa Rita: The Centenarian Well that Put the Permian On the Map
The Midland Basin's Santa Rita was the oil well that should’ve been impossible, and sets the stage for the basin’s humble beginnings.
Trends & Analysis
A Tale of Two Insurance Markets: Oil, Gas Outlook on Rates Differ for P&C, D&O
It was the best of markets; it was the worst of markets. Directors and officers liability rates are softening as property and casualty rates harden.
Upgrading Rules and Standards to Bolster the Energy Transition
To have a successful energy transition and deliver succinct, clear and achievable regulations, policymakers must lend an ear to the industry experts.
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.