Hints and tips:
...Their 2023 profit figures are based on earnings reports except for Devon, due to release fourth-quarter results on Tuesday, whose latest quarterly profit figures are consensus estimates....
...Each of the oil and gas supermajors reported profit drops of around 50 per cent in recent days, as did rival shale operators Pioneer Natural Resources and Devon Energy....
...Conoco’s interest in Endeavor is a clear indicator that the Houston-based group wants to put its hand on assets in the Permian Basin....
...“Now seems like the right time,” Vijay Swarup, Exxon’s director of technology, said in an interview at the company’s headquarters in Spring, Texas, just north of Houston....
...Big producers including Devon Energy, EOG Resources and ExxonMobil all reported Permian output growth in the third quarter compared with a year ago....
...Since Exxon and Chevron fired the starting gun on the race to consolidate, all eyes are on who could strike next, with big operators such as ConocoPhillips, Occidental and Devon among the next poised to...
...Conoco, Occidental Petroleum, Devon Energy and Marathon Oil have all been mooted as possible buyers....
...Reiterating that message last month, Rick Muncrief, chief executive of Devon Energy, one of the biggest shale drillers, told investors: “We are deeply committed to a disciplined pursuit of per-share value...
...Rick Muncrief, chief executive of Devon Energy, another top shale producer, said thinning global supply capacity left him alarmed about the possibility of a new price surge as oil balances tightened....
...Welcome back to Energy Source — coming to you again from Houston, with a bumper edition as the CERAWeek energy jamboree enters day four....
...US shale oil and gas producers, led by companies such as Pioneer Natural Resources, Devon Energy and Occidental Petroleum, have undergone an especially pronounced economic revival, turning out record amounts...
...We’re live from CERAWeek in Houston, arguably the most important annual event on the energy industry’s calendar....
...Inflation continues to bite, prompting misses on spending and output targets that knocked some big names (hello, Devon Energy)....
...We want you to go back to a growth model,” Rick Muncrief, chief executive of Devon Energy, one of the shale patch’s biggest producers, told analysts....
...of Devon Energy, another top [US] shale producer, said thinning global supply capacity left him alarmed about the possibility of a new price surge as oil balances tightened....
...And given the constraints on capital spending, share repurchases increasingly make sense, said Matt Portillo, an analyst at Houston investment bank Tudor, Pickering, Holt....
...Big publicly listed US shale oil producers such as Pioneer, Devon Energy and ConocoPhillips, proxies for the rest of the shale industry, are making more cash than ever before....
...The heads of US supermajors ExxonMobil and Chevron, the American divisions of their European rivals BP and Shell and leading shale drillers Pioneer Natural Resources and Devon Energy appeared virtually at...
...The deal between Whiting and Oasis follows others in the shale industry including Devon Energy’s purchase of WPX, Pioneer Natural Resources’ acquisition of Parsley Energy and Chesapeake Energy’s agreement...
...Jeff Ritenour, chief financial officer at Devon Energy, one of the shale patch’s top producers, said he was “not hearing calls yet from investors” to lift output and he didn’t expect the company to start...
...We’re in Houston today for our inaugural Energy Source Live conference. We have a great line-up of speakers and sessions to discuss the upheaval in America’s energy landscape....
...And another reminder that our Energy Source Live conference in Houston (and online) is coming up on April 7. That’s next week! If you haven’t already, sign up and come join us. Thanks for reading....
...Last year’s downturn accelerated a strategic shift among leading publicly listed US shale producers such as Pioneer Natural Resources, Devon Energy and Diamondback Energy....
...And I think that’s a good thing,” Rick Muncrief, Devon Energy’s chief executive, told analysts on the company’s earnings call....
...But the state is on the recovery path, reports Justin Jacobs, our Houston correspondent. That’s our first item....
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