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Texas Lawmakers Kick Off Investigation into Deadly Power Blackout

2021-02-25 15:00:00| OGI

The hearings in Texas are expected to highlight that shortcomings by grid planners, electric utility and natural gas transmission operators led to billions of dollars in damages and dozens of deaths from the deadly power blackout.

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Category: Industrial Goods and Services

Exxon Mobils Total Reserves Fall after COVID-19 Oil Price Drop

2021-02-25 14:58:42| OGI

Total reserves for all products fell to 15.2 billion barrels at the end of 2020.

Tags: total price fall oil

Category: Industrial Goods and Services

Apache Posts Lower Fourth-quarter Loss as Oil Prices Recover

2021-02-25 10:10:00| OGI

U.S. oil producer Apache raised its project spending forecast to $1.1 billion for this year as oil prices have improved since its previous outlook of keeping upstream expenses below a billion dollars.

Tags: posts prices lower loss

Category: Industrial Goods and Services

US Senator Joe Manchin to Back Deb Haaland for Interior Secretary

2021-02-25 10:05:00| OGI

Manchins yes vote is seen as crucial to Haaland's confirmation as Interior Secretary because he is a supporter of fossil fuel development who wields significant power in a U.S. Congress split 50-50 among Democrats and Republicans.

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Category: Industrial Goods and Services

Oilfield Services Investing: Private Equitys Tech Pivot

2021-02-25 10:00:00| OGI

Private equitys interest in oilfield services is expanding the definition of what is investable in the OFS space.

Tags: services private tech investing

Category: Industrial Goods and Services

Tailwater Capital Strikes Midstream Deal With NorTex

2021-02-24 23:00:00| OGI

The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahomas Arkoma STACK.

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Category: Industrial Goods and Services

US Crude Oil Production Drops in Largest Weekly Fall Ever: EIA

2021-02-24 20:05:00| OGI

Overall U.S. crude oil output fell by 1.1 million bbl/d to 9.7 million bbl/d in the week to Feb. 19, the EIA said, as Texas deep freeze forced most of the states operators and refiners to shut as components and pipelines froze.

Tags: fall production largest oil

Category: Industrial Goods and Services

Energy A&D Transactions from the Week of Feb. 24, 2021

2021-02-24 20:00:00| OGI

Heres a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources Powder River Basin position.

Tags: feb week energy transactions

Category: Industrial Goods and Services

Pioneer Says Output Dip Wont Derail Variable Dividend Plans

2021-02-24 20:00:00| OGI

Most Pioneer Natural Resources production in the Permian Basin is back online and storm damage repairs are minor in the grand scheme of things, CFO Neal Shah said.

Tags: plans output variable pioneer

Category: Industrial Goods and Services

On the Market Oil and Gas Quicklist (Week of Feb. 24, 2021)

2021-02-24 19:20:00| OGI

Heres a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.

Tags: feb week market gas

Category: Industrial Goods and Services

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