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.

October 20, 2021

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.

October 20, 2021

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.

October 20, 2021

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.

October 20, 2021

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.

October 20, 2021

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.

October 20, 2021

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.

October 20, 2021

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.

October 20, 2021

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.

October 20, 2021

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.

October 19, 2021