In this week’s video: CEOs of Range Resources, Jagged Peak Energy and Sanchez Energy talked A&D tribulations at The Oil & Gas Conference by EnerCom in Denver.
Range CEO Jeff Ventura faced tough questions about a lackluster second quarter. Joe Jaggers said Jagged Edge wants to buy in the Permian. Tony Sanchez said his company isn’t confined to the Eagle Ford.
Meanwhile, Whiting Petroleum and oilfield services provider Nabors Industries were in the middle of big deals. Whiting agreed to sell core assets in North Dakota. Nabors agreed to acquire Houston-based Tesco Corp.
Finally, the U.S. Gulf of Mexico lease sale brought in about $121 million dollars in high bids, primarily in the Lower Tertiary trend. Total E&P USA and ExxonMobil led the buying charge.
Sources:
Recommended Reading
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
US Drillers Cut Oil, Gas Rigs for Second Time in Three Weeks
2024-02-16 - Baker Hughes said U.S. oil rigs fell two to 497 this week, while gas rigs were unchanged at 121.
Sinopec Brings West Sichuan Gas Field Onstream
2024-03-14 - The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.