“Wow!” That’s how Tudor, Pickering & Holt described Marathon Petroleum’s megamerger with Andeavor. What did other analysts have to say about the deal?
Also, Dallas Cowboys’ owner Jerry Jones has some good assets in the Bakken and now Comstock has a piece of them, while in exchange Jones will now own most of Comstock’s equity.
In international news, BP hinted at future dividend increases, Russia is still above the OPEC deal target and Saudi Aramco named its first woman director.
Finally, at the Offshore Technology Conference in Houston, Chevron and others touted offshore’s potential despite shale’s existence.
Recommended Reading
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”