Page 5 - Dan Pickering News Today

U.S. oil and natural gas companies are circling each other for potential match ups to keep investor returns growing as the nation’s prolific shale fields age.

In a time where numerous things could dampen demand, prices, profits, and valuations the energy industry continues an upward trend.

With a $60 billion acquisition of Pioneer Natural Resources, Exxon plans to deploy its fine-tuned Delaware Basin drilling strategy into the heart of the Midland Basin, executives say.

Pickering forecasts oil around $80/bbl through 2027 and calls $75/bbl-$90/bbl the current sweet spot for pricing.

Exxon Mobil Corp. agreed to buy Pioneer Natural Resources Co. for $59.5 billion.

What would it look like<b> </b>if Acting Speaker Pro Tempore Patrick McHenry<b> </b>— the bow-tied linchpin of the GOP conference — had to slam the gavel as more than just a caretaker?

Exxon Mobil scooping up Permian Basin giant Pioneer Natural Resources in a $60 billion deal could spur other megadeals across the U.S. oil patch, experts say.

A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.

Financial Times: America’s shale pioneers have vowed to keep a lid on drilling.

The Organization of Petroleum Exporting Countries and Russia announced they would extend oil production and export cuts on Sept. 5. The announcement stated that the Kingdom of Saudi Arabia would extend the cap of one million barrels of oil per day until the end of the year and that the cuts are to “reinforce the precautionary efforts...