CEO: Range Passes On M&A Fervor For Now: ‘We Didn’t Have To’
While the rest of the E&P sector bought, merged and consolidated, Range Resources sat on the sidelines in Appalachia because it already has plenty of drilling inventory, CEO Dennis Degner says.
Marcellus Waiting to Exhale But Held Back by Regional, Economic Factors
After years of exploitation as one of the country’s first unconventional shale plays, the Marcellus still has plenty of natural gas for producers, even if regional and economic factors have kept much of it bottled up.
Twenty Years Ago, Range Jumpstarted the Marcellus Boom
Range Resources launched the Appalachia shale rush, and rising domestic power and LNG demand can trigger it to boom again.
Proppant Suppliers Covia, Black Mountain Merge to Become Iron Oak Energy Solutions
Iron Oak Energy Solutions will supply proppant to E&P operations in basins across North America.
EQT Flexes Midstream Muscles in 3Q After Equitrans Acquisition
Natural gas producer EQT Corp. says it has far more flexibility to respond to market prices following its acquisition of Equitrans Midstream.
EQT Sells Remaining Pennsylvania Non-op Assets to Equinor for $1.25B
EQT’s Northeast Pennsylvania divestiture to Equinor is the second deal between the two companies this year following a large swap of Marcellus assets in April.
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.
Range Confirms: Data Center Talk Underway for Marcellus Gas-fired Power
Deals will take a while, however, as these multi-gigawatt agreements are also multi-decade investments, said Range Resources CFO Mark Scucci.
After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory
After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.