The value of oil fields in West Texas have plummeted due to the coronavirus pandemic, which has caused the demand for crude to go down. — Read on fortworthbusiness.com/energy/value-of-west-texas-oil-lands-plung/Read More Value of West Texas oil lands plunging amid virus pandemic | Fort Worth Business Press
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
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
The acquisition gives ConocoPhillips, the largest oil producer in Alaska, a much larger footprint in the hottest oil field in the U.S., the Permian Basin of Texas and New Mexico. The combined company would be the largest U.S. oil independent, with output in the Permian second only to Occidental Petroleum Corp. , according to a JPMorgan Chase & Co. […]Read More ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion – WSJ
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
September 22, 2020 U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, according to the U.S. Energy Information Administration’s (EIA) Petroleum Supply Monthly. However, U.S. crude oil exports in the first half of the year are still higher than they were in […]Read More U.S. crude oil exports have fallen in each month since their record high in February – Today in Energy – U.S. Energy Information Administration (EIA)