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 […]
Steve Reese is the CEO of Reese Consulting and Reese Training and has significantly impacted the natural gas market for decades. He worked on over 5% of the United States’ natural gas market through his […]
US crude oil production hit a record in August with 13.05 million barrels per day, even as the number of rotary US oil rigs declined. The Permian basin has been the focal point for US […]
Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached […]
(WO) – On Monday, Oct. 30, Reuters reported that London-based bp has “held talks in recent weeks” with multiple entities to form joint ventures in various U.S. shale patches. The joint ventures would include its […]
Daily Standup Top Stories GE Offshore Wind to Post $1 Billion Loss in 2023, Again in 2024 October 29, 2023 Allen Santos General Electric Co. expects its offshore-wind operations to post annual losses of about $1 billion […]
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