In a strategic move to bolster its financial position, Occidental Petroleum (Oxy) has announced the sale of select Permian Basin assets, generating approximately $950 million in proceeds earmarked for debt reduction. This divestiture aligns with […]
When Israel’s strikes on Iranian facilities sent oil prices spiking in mid-June 2025, U.S. oil producers didn’t hesitate. With West Texas Intermediate (WTI) crude jumping from the high $50s to $75 per barrel, shale operators […]
Daily Standup Top Stories Britain’s Plan to Retrain Oil and Gas Workers for Clean Energy Jobs May 18, 2025 Clark Savage ENB Pub Note: The following is an interesting article from Felicity Bradstock on Oilprice.com. Britain’s […]
U.S. oil and gas drillers are slowing down drilling activities, as evidenced by a consistent decline in active rig counts across major basins in 2024 and 2025. This slowdown is driven by several factors: Lower […]
Daily Standup Top Stories The UK’s Heathrow Power Outage sheds light on Net Zero Policies March 21, 2025 Clark Savage Net Zero has forced global financial and companies to become carbon-neutral. But the why is only […]
The U.S. shale patch recorded $12 billion worth of mergers in the quarter ended Sept. 30, the lowest total in six quarters, Enverus Intelligence Research has revealed. Andrew Dittmar, principal analyst at Enervus, has noted that […]
Daily Standup Top Stories Even the World’s Biggest Electric-Vehicle Market Is Slowing February 18, 2024 Stu Turley HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push […]
Right now in the energy space, M&A activity is resurgent for several reasons. The first is the global realization that you cannot make an iPhone from a wind turbine and that the ESG investing movement […]
World Oil (Bloomberg) — Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden […]
Michael and I love evaluating deals. Today is an excellent example of the M&A activity heating up in the oil and gas market. This deal between Occidental and CrownRock has some key takeaways, which we […]
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