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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

Although the recent Diamondback deal sets a new benchmark at $7 million per location, exceeding a comparable 2023 Permian deal of OXY’s CrownRock acquisition at $4.8 Although the recent Diamondback deal sets a new benchmark at $7 million per location, exceeding a comparable 2023 Permian deal of OXY’s CrownRock acquisition at $4.8

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Recent Dallas Fed Energy Survey Shows Increase In Business Activity, Optimism Despite Cost Headwinds

Energy Central

The most recent Federal Reserve Bank of Dallas survey of energy executives operating in Texas, northern Louisiana, and southern New Mexico found that overall activity in the oil and natural gas sector trended up in the third quarter of the year, but cost increases remain a worry.

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Latest Version of Louisiana Property Protection Bill Grants an Exception to Oil and Gas Investment By Companies Controlled By Countries Deemed a “Foreign Adversary”

The Energy Law

As of June 7, 2023, a bill aiming to prohibit entities controlled by “foreign adversaries” from buying, leasing, or otherwise acquiring immovable property in the state has passed both the Louisiana House and Senate and is now awaiting the Governor’s approval. Sponsored by Rep. Valerie Hodges, Louisiana House Bill No.

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Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen? Exxon comes next: the U.S.

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Profits or Planet? BP’s ‘New Beginning’: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

By targeting a 40% cut in oil-and-gas output by 2030 relative to 2019 levels, he repositioned BP as a leader in renewables, wind, solar, and electric vehicle (EV) charging. However, Looneys tenure ended abruptly in September 2023 over undisclosed personal matters. Auchincloss, Looneys CFO, was initially seen as a continuity candidate.

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The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

Rextag

Ford lost $60,000 per EV in 2024, forcing automakers to scale back production. Only 3% of global truck sales in 2023 were electric, far below whats needed for meaningful change. The IEA assumes that Gulf nations will rapidly phase out oil in electricity generation, replacing it with renewables and natural gas. and Europe.

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BP Expands U.S. Natural Gas Production Amid Rising Prices and LNG Growth

Oil Gas Leads

natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. million and 2.5