Exploration & Production - Exclusives
Meanwhile, natural gas prices made a spectacular climb plus OPEC considers production cuts, TransCanada reviews Keystone XL decision and Weatherford stock drops below $1.
Bryan Gaudin, CEO of Holland Services who helped lead the Fort Worth, Texas-based land services firm’s aggressive and successful growth strategy, is today’s Forty Under 40 honoree.
Matt Steele’s privately held Bruin E&P joined the big league in the Williston Basin with last year’s $1.4 billion acquisition, and he’s not feeling intimidated at all.
Spacing matters in the Stack play and early projects were spaced too tightly, Wade Hutchings, senior vice president of E&P at Devon Energy, told conference attendees at DUG Midcontinent. (Story updated at 4:35 p.m. CST Nov. 14)
Today’s Forty Under 40 honoree is Matt Gallagher, Parsley Energy’s current president and COO who is slated to step into his new role as CEO of the Permian Basin operator next year.
Executive Oil Conference panel said Permian Basin producers know the rock; the surface issues are the basin’s greatest hurdles.
The sale of the company’s pressure pumping business to ProPetro will bring Pioneer Natural Resources’ divestiture proceeds for the year to roughly $900 million.
Despite an already blockbuster quarter of M&A activity, Diamondback snuck in a bolt-on acquisition in the Midland Basin that CEO Travis Stice said was too good of an opportunity to pass up.
Analysts predict the massive deals week comprised of three separate transactions by Chesapeake Energy, Encana and Denbury is just the “tip of the M&A iceberg that will emerge in 2019.”
As part of creating value, Parsley Energy is also divesting what it called “tail-end inventory” in the Southern Midland Basin for about $170 million.
Today’s Forty Under 40 honoree is John C. Eads, president and CFO of Sierra Resources which operates in the Eagle Ford Shale and Olmos Formation in South Texas.
Voters in Colorado, Washington and Arizona this week rejected efforts to curb oil and gas usage, but new battles loom. Also, Vantage Energy agreed to buy QEP Resources’ Williston Basin foothold.