November 22, 2024 – Oil & Gas 360

EnerCom’s 30th Anniversary Energy Investment Conference to be held August 17–20, 2025 in Denver, Colorado- oil and gas 360

Save the date for EnerCom Denver, as it celebrates its 30th anniversary celebration to be held August 17–20, 2025 in Denver, Colorado

November 22, 2024

(Oil & Gas 360) – EnerCom Denver – The Energy Investment Conference will celebrate 30 years of bringing together the broader energy sector, including companies, investors, analysts, and industry leaders! Presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies: Sponsorship opportunities are available for companies seeking to increase their marketplace awareness EnerCom Denver is the largest independent investor conference

Note on the News: Strategy transition?

November 22, 2024

(Oil & Gas 360) – After three decades of foreign policy based on Fukuyama’s End of History, The Strategy of Wishful Thinking, it is over. Trump is putting his foreign affairs team together and we do not know what strategy they will develop, and we may not know for a while. Marco Rubio, Pete Hegseth, Tulsi Gabbard, John Ratcliffe,

Goldman Sachs expects Brent oil to average $76 per barrel in 2025

November 22, 2024

(Oil Price) – Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected surplus on the market, according to Goldman Sachs. “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the price elasticity of

Occidental CEO warns U.S. at risk of shale plateau, losing energy independence

November 22, 2024

(World Oil) – (Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus and begins to decline. “It’s going to start to roll over, and when that happens, that’s when the U.S. is at risk for losing our energy independence,” said Chief Executive Officer Vicki Hollub said in a presentation

ConocoPhillips completes acquisition of Marathon Oil Corporation

November 22, 2024

(Oil& Gas 360) – HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE: MRO). “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” said Ryan Lance, chairman and chief executive officer. “Marathon Oil adds high-quality, low cost of supply inventory

Texas Pacific Land replaces Marathon Oil in S&P 500 after ConocoPhillips deal

November 22, 2024

(Oil Price) – Texas Pacific Land, a large owner of acreage in the Permian basin, will replace Marathon Oil in the S&P 500 index on November 26, as Marathon Oil is being acquired by ConocoPhillips in a deal expected to close on November 22, S&P Dow Jones Indices said. Texas Pacific Land Corporation has a company-level market capitalization that is more representative

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count decreased by 1 as of this week, at 583

November 22, 2024

This week’s Baker Hughes Rig Count shows that the U.S. had a decrease of 1 over last week, resulting in a total count of 583 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 201 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Granite Wash region experienced

US utilities boosting capex plans to meet demand from power-guzzling sectors

November 22, 2024

(BOE Report) – Major U.S. utilities are expected to spend heavily on upgrading their electric lines and grids over the next five years to cater to power-hungry sectors, although experts worry that their plans to raise rates sharply to offset higher costs may face regulatory hurdles. In the past few weeks, about nine utilities had raised their capital expenditure forecast by

Oil heads for weekly gains as Ukraine war intensifies

November 22, 2024

(Investing) – Oil prices were set for their biggest weekly rise in almost two months on Friday, gaining 4% as an intensifying war in Ukraine returned a geopolitical risk premium to the market. Brent crude futures had pared 9 cents to $74.14 a barrel by 1418 GMT. U.S. West Texas Intermediate crude futures shaved off 3 cents to $70.07 per barrel. Pressuring

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