The Strait of Hormuz, a narrow waterway between Iran and Oman, is the world’s most critical oil chokepoint, handling roughly 20 million barrels per day (b/d) of crude oil, condensate, and refined products—about 20% of global oil supply and 25% of liquefied natural gas (LNG). With tensions in the Middle East simmering, particularly between Israel […]
Continue ReadingThe U.S. Geological Survey (USGS) recently released a significant assessment identifying undiscovered, technically recoverable oil and gas resources in the Mowry Composite Total Petroleum System, which includes the Niobrara Formation, spanning southwest Wyoming, northeast Colorado, and parts of Utah. This report, published on May 21, 2025, estimates 473 million barrels of oil and 27 trillion […]
Continue ReadingAs summer 2025 approaches, the United States faces a tightening oil supply, raising concerns about potential spikes in gasoline prices during the peak driving season. With U.S. crude inventories dropping, refinery constraints mounting, and global oil dynamics shifting, drivers may feel the pinch at the pump. Let’s dive into the factors driving this supply squeeze […]
Continue ReadingAs we examine investments in the energy markets, I consider trends, supply, demand, and opinions from energy leaders with an excellent track record. I have included two posts on X from Josh Young of Bison Interests, and he makes some excellent points. I highly recommend following him on X, and LinkedIn. Introduction In May 2025, […]
Continue ReadingThe U.S. oil and gas industry is experiencing a significant slowdown, with drilling activity dropping to levels not seen since late 2021. According to the latest data from Baker Hughes, the total number of active drilling rigs in the United States fell by 4 to 559 for the week ending June 6, 2025, marking a […]
Continue ReadingU.S. Gulf Coast refiners are facing a tightening supply of heavy crude oil as Chevron’s operational role in Venezuela diminishes, a development driven by U.S. sanctions and geopolitical shifts. With Venezuelan crude exports to the U.S. declining, refiners are scrambling to secure alternative sources to meet their blending needs. This article explores the U.S.’s heavy […]
Continue ReadingThe oil and gas industry is no stranger to volatility, and 2025 is shaping up to be another wild ride. A recent headline grabbed the attention of investors and analysts alike: Banks Cut 2025 Oil Price Forecast Below $60, Survey Shows. According to a survey by law firm Haynes Boone LLP, 28 banks have slashed […]
Continue ReadingCalifornia, once a powerhouse of diverse and reliable energy production, is facing what many analysts call a self-inflicted energy crisis. Under Governor Gavin Newsom’s leadership since 2019, the state’s energy policies have accelerated the decline of its oil and gas industry, pushed for the closure of nuclear power, phased out coal, and driven electricity costs […]
Continue ReadingI have several guests lined up on the Energy News Beat podcast to talk about the Texas Legislative session. We will cover the good, the bad, and the homely. If you have article requests or questions, we have opened the Substack Chat channel for paid subscribers, and we are already getting suggestions on articles and […]
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In a blockbuster move shaking up the oil and gas sector, Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG), has announced its acquisition of Sitio Royalties Corp. (NYSE: STR) in an all-equity transaction valued at approximately $4.1 billion, including $1.1 billion in net debt. This strategic merger, centered in the […]
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