Oil and Gas Investor Magazine - June 2024
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Oil and Gas Investor presents part three in a multi-part series exploring the Permian Basin, Permian Plays - Rebuilding the Most Prolific Paradigm in the U.S. In The Takeaway on the Permian, OGI's analysts continue their deep dive into the Permian with a look at the basin's evolving midstream infrastructure.
Additionally, in this month's OGInterview, OGI Editor-In-Chief Deon Daugherty speaks with Chord Energy's CEO Danny Brown to break down the "Bakken beast's" M&A strategy.
OGI Special Report: Permian Plays - Rebuilding the Most Prolific Paradigm in the U.S.
Midstream: The Takeaway on the Permian
Midstream companies and E&Ps may have different priorities, but continued pipeline development is crucial for the basin’s future.
Completing the Cycle
Vital Energy’s 20-well unit in southwestern Glasscock County is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole.
Found in Mitchell County, Permian Basin: 2.5-Mile Wolfcamp Stepouts
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
OGInterview
Building a Bakken Beast
Chord Energy CEO Danny Brown breaks down the M&A strategy that is hitting all the right notes.
Capital Access
Commercial Banks Open for Oil, Gas Business
Regional banks are picking up market share and rallying the U.S. upstream sector.
Cover Story
Permian Takeaways: Rebuilding the Most Prolific Paradigm in the US
Midstream companies and E&Ps may have different priorities, but continued pipeline development is crucial for the basin’s future.
A&D Trends
The OGInterview: Building a Bakken Beast
Chord Energy CEO Danny Brown breaks down the M&A strategy that is hitting all the right notes.
Capital Formations
Regional Banks Take Advantage of Large Lenders’ Oil, Gas Hesitancy
Regional banks are picking up market share and rallying the U.S. upstream sector.
Commentary
Markman: Pre-season Jitters in the Hurricane Zone
If hurricane predictions are correct, oil and gas fortunes could be in hot water.
Paisie: Oil Prices to Range Between $86-$88 in Second Half of 2024
Supply and demand dynamics overtake geopolitical instability from the Middle East to Ukraine in influencing oil prices.
E&P Momentum
Coterra Energy’s 54-well Wolfcamp-Harkey Test
The operator plans to experiment where it has Harkey Mills sandstone in the Delaware Basin by landing three wells in it while making 51 Wolfcamp wells.
Energy Transition
Hirs: How the Cost of Carbon Avoidance Bolsters Nuclear Power
States and the EU have introduced nascent carbon pricing schemes with taxes, tax benefits and offsets. It isn’t unreasonable to assume that carbon pricing will become increasingly tangible.
Exploration Highlights
Found in Mitchell County, Permian Basin: 2.5-mile Wolfcamp Stepouts
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
Finance & Investment
Calmer Waters May Be Ahead for Oil and Gas, Despite Wild Cards
Looking forward, while supply disruptions remain a possibility, the energy market’s nervousness is easing.
Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A
Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.
Global Energy
At Last, AI Brings Good News for Gas Producers
Is artificial intelligence humanity’s power-hungry new friend?
Pitts: Deep in the Renewable Heart of Texas
As a state known for its hydrocarbons, Texas is also cementing its position in the renewable sphere, and companies are beginning to take notice.
MidContinent & Permian Basin
Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit
Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.
Midstream
Howard: Power Generation Growth Dependent on NatGas Demand
Electricity demand needs reliable natural gas to function as coal capacity is retired and less reliable renewables take a greater share of the power supply stack.