To everything there is a season, and while others might find this a time to scatter stones, this disciplined and prepared E&P is busy gathering them. The principals of Lime Rock Resources talk strategy, A&D and practiced patience.
Here’s a snapshot of energy deals from the past week including Kimbell’s acquisition of NGP-backed Springbok plus the closing of Parsley’s multibillion-dollar merger with Jagged Peak.
U.S. oil output growth is expected to slow over the next five years, likely prompting oil majors to "gobble up" smaller shale oil producers, Mark Papa told Reuters.
Seth Urruty, COO of Oklahoma-based independent Camino Natural Resources, sat down with Jessica Morales to discuss staying attractive to investors plus utilizing technology.
“If the square peg does not fit exactly within those parameters, it’s not a buy for them,” BOK Financial Securities’ Jason Reimbold said of the E&P A&D market in the Midcontinent.
There goes the neighborhood? In early spring 2019, Exxon Mobil announced it would turn its Permian Basin position into a kind of dreadnought, raising questions about how it will coexist with its neighbors.
U.S. oil and gas M&A reached a five-year peak of $96 billion in 2019. However, a report from Enverus found the annual total was substantially skewed by Occidental’s acquisition of Anadarko Petroleum.