Private equity (PE) investors are accelerating a shift away from the US shale oil sector amid diminishing returns caused by the Covid-19 pandemic. Over the past decade, private equity firms have poured tens of billions of dollars into the US oil and gas industry, especially as the shale revolution gained full steam. Their funding helped […]Read More Shale oil slump burns private equity interest – Argus
FREE Social Media Downloads | Expires 11-25 more coming! Stay tuned! These documents are simple tools that I use daily. It is an exciting time to share them with you. When you sign up below, you will receive a download link via email to our social files. Downloads include my “top of the list” social […]Read More Free Downloads | Social Marketing
By Paul Wiseman Oil country tubular goods are integral first to drilling, then to production and saltwater disposal. So the same price crash that brought drilling to a halt has evaporated demand for most Oil Country Tubular Goods. R&D Pipe Company President Ron Underwood and Trident Steel CEO Kevin Beckmann have both seen better times, […]Read More Hanging by a (Pipe) Thread OCTOBER 5, 2020 | PBOG
Democratic presidential nominee Joe Biden pledged to transition away from fossil fuels Thursday night while defending a climate plan that does not ban fracking. Biden has faced repeated attacks on fracking from President Trump as focus increasingly shifts to Pennsylvania, a crucial battleground state where the drilling method is used. Biden’s climate plan does not […]Read More Biden: ‘I would transition from the oil industry’ | TheHill
The steep oil price drop in the spring caused a big dip in production, but the industry is back to more normal levels. North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online. “It is nice to note that we […]Read More North Dakota oil production swells as wells go back online | Star Tribune
Driving value from M&A in the shale revolution.
In March 2020, Deloitte developed this research report exploring the latest in shale oil news and shared a roadmap for extracting more value from shale mergers and acquisitions. We now expect that the plunge in oil prices and COVID-led demand uncertainty will likely pause and change the calculus of M&A activity in shales.
Today is the day! Day 1! The DUG Permian Basin and DUG Eagle Ford Virtual Conference is live at 9 a.m. CDT today! Complimentary Access! Please share this link with your team, customers & colleagues because all sessions are available on-demand, meaning they are available to watch at your convenience! Hear from operators & analysts […]Read More DUG Permian Basin and DUG Eagle Ford Virtual Conference is LIVE! | Hart Energy
HOUSTON, May 16, 2016 /PRNewswire/ — Fortuna Resources Holdings, LLC (“Fortuna”) announced that certain affiliates of Och-Ziff Capital Management Group LLC (NYSE: OZM) (“Och-Ziff”) have committed $75 million to Fortuna, with an option to increase to $150 million. The investment is focused on expanding Fortuna’s activities in the West Texas Permian Basin and related areas through acreage and asset acquisitions and […]Read More Fortuna Resources LLC Partners with Och-Ziff Affiliates to Pursue Oil and Gas Acquisition and Development Opportunities | PRN Newswire | Oil Country Media
By Laila Kearney Sept 15 (Reuters) – North Dakota oil production jumped to more than 1 million barrels a day in July for the first time in two months but remained below its peak as the coronavirus pandemic continued to hamper output in the state’s Bakken shale field, a state official said on Tuesday. Crude […]Read More North Dakota oil output rose about 20% in July | Reuters
The Midland district dominated in August when it came to drilling permits, new oil completions and new gas completions, according to the Railroad Commission of Texas. The RRC reported the region – 8 – accounted for 55.9 percent of the 377 drilling permits in the state. The 211 in the Midland district was 176 more […]Read More RRC: Drilling permits continue to rise in Midland region, across the state – Midland Reporter-Telegram