Even if energy is not a hot topic on a national level, it will influence votes in some states, the political strategist says.
The inventory of DUCs continued to build this year as the COVID-19 pandemic slowed demand, but companies are now looking to complete wells given improved market conditions.
Wagner Oil retained TenOaks Energy Advisors for the sale of four packages comprising South Texas, South Louisiana, Permian Basin and Delaware Basin royalty interests.
Here’s a snapshot of recent energy deals including the purchase of bankrupt Templar Energy by Presidio Petroleum, expanding Presidio’s Midcontinent position into Oklahoma’s STACK Play.
Here’s a quicklist of oil and gas assets on the market including a Delaware Basin royalty package from Tumbler Energy Partners plus the associated mineral interests in the historic Hanging H Ranch located in Reeves and Loving counties, Texas.
The remainder of the year’s deals will likely involve gas assets (while prices are good) and could come to include the low cost supply areas in the Texas and Louisiana Haynesville. Barring a miraculous rally, oil looks likely to remain the New Coke of commodities.
API has published the ninth edition of API Standard 2510, covering the design, construction, and location of LPG storage installations and handling facilities, the company said on Aug. 12.
World oil demand will fall by 9.06 million barrels per day (MMbbl/d) this year, OPEC said in a monthly report, more than the 8.95 MMbbl/d decline expected a month ago.
Hopes rise that fuel demand can weather the pandemic.
The transaction, expected to close in the fourth quarter, would make Southwestern the third largest producer in Appalachia.
The infrastructure arm of Brookfield Asset Management Inc. is in talks to buy Blackstone Group Inc.’s minority stake in Cheniere Energy Partners, Bloomberg News reported on Aug. 11, citing people familiar with the matter.
TGS, a leading provider of multiclient geoscience data for E&P companies, on Aug. 12 announced a new multiclient U.S. onshore 3D seismic survey within the Powder River Basin called Voyager 3D.