SANTA FE, N.M. (AP) — New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and natural gas development in the Permian Basin as it seeks approval by […]
This is a Deal Spotlight with John Ferrell, Co-Founder / CEO at WellDatabase, and Michael Tanner. They cover great use of techniques in evaluating oil and gas deals. They even cover the Diamondback and Endeavor […]
This was a fun podcast with Nick Burns of PetroFit. Boy, we got into helping our great veterans and their charities. Not only helping get veterans transitioning from active duty to the oil and gas […]
U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from […]
World Oil (Bloomberg) – Closely held operators, once the engine to the Permian’s shale growth coming out of the pandemic, are now expected to lead U.S. oil drillers into spending contraction next year. Private oil and […]
This year has seen a flurry of oil mega-mergers worth more than $100 billion. Big deal flow and rising US production point to industry forecasts of big demand for years to come. The “inevitable” consolidation […]
Oil Price The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy […]
World Oil (Bloomberg) – Drilling rights in the U.S. Permian basin are commanding prices not seen since the worldwide pandemic crushed oil markets more than four years ago. Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock […]
Podcasts are always fun, and today is no exception. I had the opportunity to visit with Kevin Hokett, President, and Noah Dean, Business Development of American Safety Services. We were live at the Permian International […]
World Oil (Bloomberg) – Oil production from the Permian basin will expand in November and December, marking the region’s longest run of monthly gains in two years. The world’s most productive shale patch is expected to […]
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