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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Weakened U.S. and global economies, and higher production, will lead to a 10.6% cut for WTI and 9.8% reduction for Henry Hub natural gas this year, according to the Energy Information Administration.
The Permian remained the center of the oil shale universe in 2022, but operators grappled with inflation, supply chain woes and labor shortages.
Public buyers are likely to seek out these private E&Ps in the Eagle Ford Shale while Chesapeake Energy is gearing up for a sale that could be worth $6 billion.
“You may all go to Hell, and I will go to Texas.” — Davy Crockett, 1835 Just north of the Rio Grande, in Hidalgo County, Texas, a mile-long hypersaline lake sits above a prehistoric salt…