E&P Highlights: March 11, 2024
Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.
EQT Deal to ‘Vertically Integrate’ Equitrans Faces Steep Challenges
EQT Corp. plans to acquire Equitrans Midstream with $5.5 billion equity, but will assume debt of $7.6 billion or more in the process, while likely facing intense regulatory scrutiny.
Daugherty: Diamondback Scales Up Amid Consolidation Super Cycle
It’s time for the strongest among the services sector to follow Diamondback’s lead: find fortifying prey and hunt.
Primergy Solar Secures $588MM for Texas Solar Project
Primergy will develop the Ash Creek Solar project in Hill County and signed a power purchase agreement with Microsoft.
PrairieSky Royalty Declares Quarterly Cash Dividend
PrairieSky’s dividend is payable April 15 to shareholders of record by March 28.
Evolution Petroleum Sees Progress on SCOOP/STACK, Chaveroo Operations
Evolution expects to participate in future development blocks, holding in aggregate over 70 additional horizontal well locations.
COMMENTARY: How to Overhaul Payments in Energy – Geoffrey Cann
With payments technology innovating at a rapid clip, are energy companies ready to overhaul their snail-like order to cash processes? By Geoffrey Cann TL;DR Payments technology has rapidly advanced, but energy has been slow to adopt The costs of a built-in 60-to-90 day settlement delay are increasingly dear Rethink settlement end to end and not …
COMMENTARY: How to Overhaul Payments in Energy – Geoffrey Cann Read More »
Will the Ends Justify the Means for W&T Offshore?
After several acquisitions toward the end of 2023, W&T Offshore executives say the offshore E&P is poised for a bounce-back year in 2024.
Coast Guard Confirms Amplify’s Platform Elly Unrelated to California Oil Sheen
Amplify Energy remains confident that the sheen off Huntington Beach, California is not related to its operations.
What’s Affecting Oil Prices This Week? (March 11, 2024)
Stratas Advisors expect that oil prices will move higher in the middle of the year, but for the upcoming week, there is no impetus for prices to raise.