Cover of Oil and Gas Investor June 2024/Volume 44/Number 6. Photographer Jim Blecha captured this image of midstream operations in the Permian Basin.

Oil and Gas Investor Magazine - June 2024

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.

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

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.