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
A natural gas pipeline that would have connected producers in the Permian Basin with export and refinery markets in the Gulf Coast was halted as the fossil fuel industry struggles amid the COVID-19 pandemic. The pandemic led to several states and countries enacting travel bans and other business restrictions intended to slow the spread of […]Read More Permian natural gas pipeline on hold, market struggles amid COVID-19 | Current-Argus
FORT WORTH, Texas and TULSA, Okla., Oct. 26, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (“Contango”) (NYSE American: MCF) and Mid-Con Energy Partners, LP (“Mid-Con”) (NASDAQ: MCEP) today announced they have entered into an agreement to combine in an all-stock merger transaction. The combination continues Contango’s consolidation strategy, increases its exposure to oil […]Read More Contango Oil & Gas Company and Mid-Con Energy Partners, LP Announce Strategic Merger Continuing Contango’s Consolidation Strategy; Contango Announces Related Increase in Borrowing Base NYSE:MCF | Global Newswire
The count down is official! 3 days 23 hours 58 minutes and #DSatHome October is Live! October 20-22, 2020 Registration is still open! Oil Country Media will definitely be creeping in on a masterclass or two, and we can’t wait for the 30 power-packed business sessions! The Digital Sumit Series delivers 3 days of expertise […]Read More Counting Down to Digital Summit Series at Home |The October Virtual Experience
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
Ban Would Jeopardize Over 200,000 Gulf Coast Jobs, Millions in Revenue for States September 9, 2020 AUSTIN – The Texas Oil and Gas Association (TXOGA), Louisiana Mid-Continent Oil and Gas Association (LMOGA) and the American Petroleum Institute (API) today released a new analysis warning of negative consequences from a proposed ban on federal leasing on natural […]Read More New Analysis Shows Gulf Coast States Among Hardest Hit by Proposal to Ban Federal Leasing and Offshore Development – TXOGA
Texans for Natural Gas flies banner thanking all oil and gas essential workers for producing the energy and petroleum products that save lives! Did you know petroleum products are used all throughout healthcare? Well they absolutely are! Texans for Natural Gas, we think this was a great way to let the crews know…. that we […]Read More Texans for Natural Gas flies banner over Midland-Odessa oilfields thanking oil and gas essential workers.
The number of active drilling rigs plunged by 10 last week led by dips in West Texas and Louisiana. Nine of the losses came from rigs drilling for oil, and two of them were offshore rigs, which factored into the loss for Louisiana, according to weekly figures compiled by the services firm Baker Hughes, a […]Read More Rig count dips in Texas, Louisiana – HoustonChronicle.com
New York’s attorney general sued Exxon Mobil Corp on Wednesday, alleging that the world’s largest oil company for years misled investors about the risks of climate change regulations on its business. — Read on http://www.reuters.com/article/us-exxon-mobil-lawsuit/new-york-sues-exxon-for-misleading-investors-on-climate-change-risk-idUSKCN1MY2IBRead More New York sues Exxon for misleading investors on climate change risk | Reuters