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.
Photo: James Durbin/The Oilfield Photographer/ Midland Reporter Telegram Buy Photo (Bloomberg) — Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered an unprecedented collapse in drilling. Drillers in the Permian Basin of West Texas […]Read More Permian oil drillers bounce back with biggest rig hike this year – Midland Reporter-Telegram
Snow depths on Alaska’s North Slope have thinned this year, the University of Alaska Fairbanks said in a study, creating a possible obstacle for exploration in part of the Arctic National Wildlife Refuge thought to harbor more than 7 billion barrels of oil. — Read on http://www.bloomberg.com/news/articles/2019-09-07/alaska-snow-cover-thinning-may-pose-hurdle-for-refuge-drillingRead More Alaska Snow Cover Is Thinning and May Cause Problems for Drilling – Bloomberg
Weatherford International’s stock is trading below $1 a share. Schlumberger expects growth in its shale business to flatten or decline. General Electric reduced its ownership stake of Baker Hughes. Halliburton’s stock market value has fallen below what it was at one of the worst points of the last oil bust. Energy services companies are facing […]Read More Oilfield services companies face another tough slog – HoustonChronicle.com
Leading House Democrats, weeks away from taking over the majority in the lower chamber, are demanding records and information from the Trump administration’s rollbacks of numerous climate change policies at the Environmental Protection Agency (EPA — Read on thehill.com/policy/energy-environment/417615-house-dems-probe-trumps-climate-rollbacksRead More House Dems demand records on Trump’s climate rollbacks | TheHill
The Permian Basin will need $310 billion over the next five years in order to continue to grow and potentially add 3 million barrels of oil production by 2023. The investments would fund the drilling and completion of up to 41,000 new oil wells in the West Texas region, according to a new report by […]Read More Report: Permian will need $300B over next 5 years to maintain growth – Midland Reporter-Telegram
North Dakota’s oil production surged to a new record in July, putting the mid-western state on par with OPEC member Venezuela. Home to the Bakken shale play, North Dakota pumped 1.27 million barrels a day in July, according to state figures released Friday. That’s roughly the same output as Venezuela during the month. The South […]Read More North Dakota Is Now Pumping as Much Crude as Venezuela – Bloomberg
Cody Campbell and John Sellers, 36, have made over $500 million. Dozens more follow in their footsteps flipping oil leases. By Kevin Crowley September 12, 2018, 5:00 AM CDT John Sellers and Cody Campbell are holding court one hot August evening in the corner of an oil-themed dive bar in Midland, Texas. After flying in […]Read More Meet the Shalennials: CEOs Under 40 Making Millions in Texas Oil – Bloomberg
[spreaker type=player resource=”episode_id=15635351″ theme=”light” autoplay=”true” playlist=”false” width=”100%” height=”200px”] Ryan Ray from Texas Oil & Gas Podcast interviewed Greg Williams, Author of “Our Horizon: In the Moment” on August 31, 2018. Greg is also the founder of Rig Lynx – The Next Generation Oil & Gas Network. What is Rig Lynx? Social networking platform for […]Read More TOGP Episode 75 – Texas Roundup | Greg Williams with Rig Lynx | Cody Clark US Safety Sign & Decal