Oil and Gas Investor Magazine - June 2023
Pioneer's incoming CEO Rich Daley talks M&A and the end of "free money" in an exclusive interview with Oil and Gas Investor's Nissa Darbonne.
Texas native Chris Powers shares insight on technology seen as crucial to helping the world hit net-zero ambitions and the role Chevron New Energies is playing.
ONEOK will join midstream's mightiest with $18.8 billion cash-and-stock merger with Magellan, one of the largest midstream deals announced in recent years.
OCEANS OF POTENTIAL
Developments in deepwater oil and gas will play a critical role in the transition to cleaner energy, industry insiders say.
THE HUNT FOR M&A
After selling FireBird Energy LLC to Diamondback last year, FireBird Energy II is on the hunt for deals to develop another asset in the Permian.
E&Ps continue robust buybacks as the energy industry offers investors more capital and stability, even as commodity prices falter.
2023 MINERALS & ROYALTIES REPORT
'WE'RE STILL TOO SMALL'
After growing into one of the nation's largest public mineral and royalty companies last year, Sitio Royalties continues to search for growth opportunities.
PRIVATE EQUITY RETURNS WITH OPEN MINDS AND OPEN WALLETS
As private equity firms return to upstream oil and gas, firms might raise up to $15 billion for the sector, but the industry could use up to $25 billion, experts say.
THE EVOLUTION OF MINERAL DEAL VALUATIONS, TEAMS
Experts say U.S. minerals and royalties teams are getting bigger, holding acreage for longer and being more sophisticated in their M&A approach.
MINERAL AND ROYALTY PLAYERS GAMING FOR MORE M&A
The value of oil and gas mineral and royalty transactions set a new $6.8 billion record in 2022, and dealmakers in the space are ready to up the ante.
2023 MINERALS AND ROYALTIES BUYERS AND SELLERS DIRECTORY
Mewbourne Oil CEO Ken Waits shares the strategy that propelled the 58-year-old private company to the top of the nation’s most prolific play, the Permian Basin.
Stock buybacks continue to be a robust part of energy companies’ capital-return-to-investors strategy which experts see as a sign of the industry’s maturity and move toward retiring large portions of its market share.
After selling FireBird Energy LLC to Diamondback last year, the same team is searching for deals to develop another asset in the Midland, and possibly the Delaware Basin, too.
Developments in deepwater oil and gas play a critical role in the quest to transition to cleaner energy.
ONEOK Inc. and Magellan Midstream Partners LP are merging in a cash-and-stock deal to create a Tulsa, Oklahoma-based midstream giant with a combined 25,000 miles of liquids-oriented pipelines.
“I think that these higher [interest] rates are going to lead to more equity [deals] from the smaller companies,” the Pioneer Natural Resources president and COO Rich Dealy said in an exclusive interview.
Texas native Chris Powers discusses carbon capture technology seen as crucial to helping the world hit net-zero ambitions and the role Chevron New Energies is playing to make it happen.
Enverus ran the numbers and analyzed the most prolific private E&Ps in the Lower 48 and Gulf of Mexico.
The leading private E&Ps in the Midcontinent and Gulf Coast, according to research from Enverus.
Enverus lists the top 20 private E&Ps in the Permian and Rockies for Hart Energy.
Enverus lists the top 20 private oil and gas operators for Hart Energy.
Enverus lists the top 10 private E&Ps in the eastern U.S. and the top 5 in the Gulf of Mexico for Hart Energy.
Callon’s exit from the Eagle Ford Shale will refocus the E&P as a Permian pure-play and should help reduce debt and return capital to investors, analysts say.
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.
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.
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 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
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.
Recompletions in the Eagle Ford are underway, with future refrac wells identified by companies such as Devon Energy and Murphy Oil.
‘How to Blow Up a Pipeline’ rates somewhere between nauseating and terrifying in its rationalization of climate violence.
From the Editor-in-Chief
Private equity is coming back to the upstream sector, but is dramatically outweighed by the forecasted market supply needed to prevent a shortfall.
An all-African panel at OTC in Houston talked about what Africa needed to do to attract investors, why Africa would transition at its pace and double standards with Africa’s development path compared to other countries.
Africa understands that the energy transition is necessary; the problem is the pace desired by the West.
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.
Some experts say geothermal energy could follow a path similar to the unconventional oil and gas revolution.
Midstream is focused on buying, building and growing in all ways, but in the meantime, first-quarter earnings are good.
At the BNEF Summit in New York, panelists gabbed about hydrogen—and whispered about a carbon tax.
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.
NextEra Energy Partners will first launch a process to sell its Eagle Ford assets in 2023 and its Pennsylvania assets in 2025, John Ketchum, NextEra’s chairman, president and CEO said.
A new automated field production solution uses digital technologies to break down silos.
Cybersecurity behaviors must become as automatic as the use of hard hats and steel toe boots, experts at the Offshore Technology Conference said.
Decommissioning activities are expected to reach nearly $100 billion through 2030, but planning early can minimize the outlay.
Optimal well spacing and solving downhole issues depends on complete data, extensive collaboration — and fiber optics.
Pulsed neutron logging service for cased hole environment can help operators understand where oil-water, gas-water contacts exist in aging reservoirs.
Trends & Analysis
High storage inventory is likely to render the current trajectory of U.S. natural gas supply unsustainable, East Daley Analytics research has concluded.
Volatility exists in every corner of the market, but demand is the real wild card.