United States
Crude Oil , Midstream
US Crude Oil, Fuel Stocks Dip Further Tightening Supply
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.3 million barrels to 31.2 million barrels. That’s the lowest level since October 2018, and points to tightness in the market that may take some time to alleviate.
Exploration & Production , Acquisitions & Divestitures
Australia’s Otto Energy Acquires Interest in South Texas Wells
Otto Energy agreed to participate in two exploration prospects located onshore Texas in Colorado and Lavaca counties testing the Wilcox play.
Business , Exploration & Production , Technology
Oil, Gas Experts Share Insight on Tackling Supply Chain Issues
Data drives decisions, but speaking the same language is essential to improving supply chain efficiency in oil and gas, say experts from EQT, Laredo Petroleum and more.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 20, 2021
Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Oct. 20, 2021)
Here’s a quicklist of oil and gas assets on the market including Chisholm Oil & Gas STACK nonop opportunity plus Merit Energy Anadarko Basin nonop and mineral/royalty position.
Shale Plays , Acquisitions & Divestitures , Trends , Mergers
Upstream M&A Takes a Breather, But Dealmaking Remains Strong
After a barrage of upstream oil and gas deals in 2021, third-quarter transactions cooled, but an $18.5 billion showing still surpassed the five-year average, a recent report says.
Public Capital , Earnings , Drilling
Baker Hughes Profit Misses Estimates, Shares Down in Pre-Market Trading
Baker Hughes reported adjusted net income of $141 million, or 16 cents per share, for the third quarter, missing forecasts for earnings of 21 cents per share, according to Refinitiv IBES data.
Legislation , Emissions
US Democrats Battle over Climate Change Plans in $3.5 Trillion Bill
Democratic Senator Joe Manchin has been an outspoken critic of the bill, saying it spends too much taxpayer money and contains climate change provisions that would hurt his state’s coal mining industry.
Public Capital , Private Equity , Investment , Conferences , Energy Transition , ESG
VanLoh: ‘Green’ Investors Should Pick US Oil and Gas
The world will need more energy and the responsible North American energy industry can provide it while lowering emissions, Quantum Energy Partners’ CEO S. Wil VanLoh says.
Public Capital , People , ESG
Diversified Energy Appoints Teresa Odom as Vice President of ESG, Sustainability
Concurrently with Teresa Odom’s promotion, Diversified Energy said that James (Jim) Sheehan will be joining the company to serve as vice president of investor relations.