Hart Energy’s Post

An increase in ownership by large publicly traded energy companies in the Permian is driving their smaller peers to look for acquisitions in less-favored areas, creating sale opportunities for private-equity sponsors. Private-equity firms specializing in energy have secured a number of the largest exit deals in the Permian in recent years, but have found it more difficult to sell assets in less-popular areas, industry analysts said. SM Energy’s operations today are concentrated in the Midland Basin, a subregion of the broader Permian in West Texas, and the Eagle Ford shale region in South Texas.

Strathmore Plus Uranium's $SUU price action showing some weakness short term, however last couple of days' candle wicks clearly show Fib 0.236 at around $0.57 acting as support I believe this is a minor pullback before next leg up heading into drilling campaigns for ALL THREE Strathmore's projects starting this month I also still believe short-term price target is somewhere between Fib 0.5 and 0.618, also known as golden pocket, before next pullback after which heading way higher when drilling results start pouring in Disclosure: I own Strathmore Plus Uranium's shares Not an investment advice - you're solely responsible of your decisions and money Do your own due diligence Strathmore Plus Uranium is a Client of mine

M&A keeps coming thick and fast in the Permian Basin of Texas and New Mexico, putting more of the prolific US tight oil play's resources in the hands of just a few big producers. In the latest transaction, Texas independent Diamondback Energy is acquiring privately held Endeavor Resources, which will make it the play's third-largest producer — and largest "pure play" — once the deal goes through. Notably, the Permian's leading operators are forming different strategies regarding production growth in response to investor demands. Majors Chevron and Exxon Mobil are leading the charge, while ConocoPhillips targets modest increases, yet Diamondback and Occidental Petroleum intend to hold the line. Regardless of approach, the Permian's ample supply of $40-$60 per barrel breakeven drilling locations leaves plenty of money to be made... Learn more >> https://bit.ly/49kqzaM #MandA #Permian #tightoil #corporatestrategy #DiamondbackEnergy #Endeavour #Chevron #ExxonMobil #ConocoPhillips #Occidental #competitiveintelligence

"Permian Resources said on Monday it would buy Earthstone Energy in an all-stock transaction valued at about $4.5 billion, including debt. The deal would strengthen Permian Resources' position as a leading Delaware Basin independent producer, with pro forma production of about 300,000 barrels of oil equivalent per day (boepd). Delaware Basin, a part of the wider Permian Basin, is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high productivity and large undeveloped reserves." #finance #equipmentfinance #equipmentleasing #corporatefinance #financialservices #mergersandacquisitions #permianresources #earthstoneenergy https://lnkd.in/genkn96Y

We are being told in the press that Exxon is going to be better at fracking the Permian than anyone else (they are reporting Exxon's claims on this). And this is why paying $60 billion for Permian acreage when US shale oil is peaking makes good sense for them, we are told. There are some problems with this. 1) According to many in the industry, Exxon is not better than others. "Investors aren’t totally sold on those lofty projections, especially because the oil major [Exxon] isn’t seen as the best shale developer." https://lnkd.in/e5EJZGNg 2) Exxon does not have a track record of being the best. IEEFA wrote about that in 2021. https://lnkd.in/enVY7NW7 3) Exxon said similar things after it made its last large Permian acquisition. I wrote about that in 2019. https://lnkd.in/enVY7NW7

The future trends of drilling in Oklahoma with a closer look at the two key shale plays driving innovation and growth. https://lnkd.in/dTkbafwY #mineralview #mineralowners #oilandgasdrilling #oklahoma #shaleplays

*** US Lower 48 - Well Development Activity, January – June 2023 *** • A total of 4,863 new wells were developed across major US shale plays during H1 2023 – a 22% decline over H1 2022 • The well development activity was most prominent during the first two months of 2023. However, the pace dipped in the subsequent months due to various factors, including a shortage of oilfield crew in the country • Of the major oil shale plays, the Permian Basin had the strongest well development activity, with 2,718 new wells coming online during H1 2023, a decline from 26% decline over H1 2022 • Among the major natural gas plays, Marcellus shale led in terms of the number of wells developed, at 331 during H1 2023. The figure below depicts the wells developed across major US shale plays, during H1 2023 For further details please drop me a message #uslower48 #permian #marcellus #eagleford

From South Texas to the World: International E&Ps Drill Deep in the Eagle Ford While U.S. E&Ps squabble for pieces of the Permian Basin, international energy giants are all-in on the Eagle Ford Shale in South Texas. https://lnkd.in/g_dVsvPj

𝐂𝐡𝐞𝐯𝐫𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭𝐞𝐝𝐥𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐎𝐩𝐭𝐢𝐨𝐧 𝐓𝐨 𝐒𝐞𝐥𝐥 𝐄𝐚𝐬𝐭 𝐓𝐞𝐱𝐚𝐬 𝐀𝐬𝐬𝐞𝐭𝐬: 𝐑𝐞𝐩𝐨𝐫𝐭 The asset comprises around 70,000 net acres of land in East Texas' Haynesville shale formation, for which development was stopped earlier this year.

As oil majors cast shale nets, Texas oilman Sheffield made Pioneer the prized catch https://lnkd.in/gYUSMwj5