This is your Hart Energy LIVE A&D Minute powered by the inaugural Gulf of Mexico Energy Transformation Conference March 21 in Houston.
Both the energy IPO and MLP spaces are getting a boost from the successful initial public offering of TXO Energy Partners. The master limited partnership led by Bob Simpson is focused on the Permian and San Juan basins. With oil prices holding stronger, will we see the MLP structure make a comeback?
If you can't beat them, join them. Coal giant Alliance Resource Partners is expanding its Permian Basin presence by acquiring more oil and gas mineral acreage for $150 million. Alliance also scooped up additional Permian acreage last year, so will this represent a diversification trend for coal companies?
Devon Energy CEO Rick Muncrief took over the expanded company after it combined with his prior employer, WPX Energy. Now, he’s sharing his A&D secrets, preaching that acting quickly and decisively once the due diligence is done. One other pro tip: A merger of equals can pay off just based on the synergies, especially during a down cycle.
That’s your Hart Energy LIVE A&D Minute powered by the inaugural Gulf of Mexico Energy Transformation Conference - save your seat before it sells out!
Watch new A&D Minute episodes every Wednesday, and sign up for our A&D Watch newsletter at hartenergy.com/deals.
Recommended Reading
What's Affecting Oil Prices This Week? (March 18, 2024)
2024-03-18 - On average, Stratas Advisors predicts that supply will be at a deficit of 840,000 bbl/d during 2024.
What's Affecting Oil Prices This Week? (March 11, 2024)
2024-03-11 - Stratas Advisors expects oil prices to move higher in the middle of the year, but for the upcoming week, there is no impetus for prices to raise.
Oil Market Shifting Back to Supply/Demand
2024-03-08 - Stratas Advisors' John Paisie forecasts the price of Brent crude to increase during the second and third quarters of this year and move toward $90/bbl.
Commentary: Fact-checking an LNG Denier
2024-03-10 - Tampa, Florida, U.S. Rep. Kathy Castor blamed domestic natural gas producers for her constituents’ higher electricity bills in 2023. Here’s the truth, according to Hart Energy's Nissa Darbonne.
Baltimore Port Closure Could Dent US Coal Export Volumes, EIA Says
2024-03-28 - Baltimore handled exports of 28 million short tons last year, making up 28% of total U.S. coal exports.