Articles by: Michael Tanner

Source: Reuters

ExxonMobil releases emissions updates/targets

OAG360 Publishers Note: This marks slight shift in public relations for Exxon, who have yet to really expand upon the renewables trend like their other super major peers.  Follow the Energy News Beat at 2PM everyday for more coverage

RigZone

December 14, 2020 - 8:15 am Renewable/Green/Eco Energy
Lowering your OPEX has never been easier…do you have spare $$$ to lose?

Lowering your OPEX has never been easier…do you have spare $$$ to lose?

If you have listened to any of the recent M&A investor calls, you will notice two main themes that management highlights as reasons that make these deals attractive to investors: ESG commitments and cost savings from ‘synergies’. A few examples

Sandridge gets $30mm bridge loan from Icahn

Sandridge gets $30mm bridge loan from Icahn

OAG360 Publishers Note: Billionaire investor Carl Icahn (largest shareholder in Sandridge) has agreed to provide more than $30 million in loans his company after taking control in 2018 following a proxy fight.

Shares of Sandridge jumped over 10% on …

December 1, 2020 - 8:50 am Exploration and Production (E&P), Finance
Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Investors sell off and take profits from a historically strong November.  Major indices down overalls with tech stocks turning green rolling into the end of the session.

  • S&P 500: -0.63%
  • Nasdaq:  0.01%
  • Dow Jones: -1.30%

Market sentiment took a hit

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Half day for traders leads to small rally in the equities markets, with each major indice up over 0.25%. On Thanksgiving Day, online sales rose to a record $5.1 billion, according to Adobe Analytics.

  • S&P 500: 0.25%
  • Nasdaq:  0..83%
Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat #167: 11/25/2020

 

Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data.  The 30-stock Dow slid 136 points,

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

30,000 DOW JONES!!!!!!!! Pour the champagne, crack that beer its all time highs amid surging cases in COVID-19, but markets enjoy positive bullish vaccine and easing of worries of a transfer of power issues

  • S&P 500: 1.63%
  • Nasdaq:  1.44%
  • Dow
Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Stocks up higher after yet another positive vaccine announcement, this time from AstraZeneca and Oxford.  The Dow Jones traded 218 points higher, or 0.5%. The S&P 500 gained 0.3%

  • S&P 500: 0.50%
  • Nasdaq: -0.06%
  • Dow Jones: -0.05%

On Monday, Goldman

Energy News Beat: #164 – 11/20/2020 – Hosted by Michael Tanner

Energy News Beat: #164 – 11/20/2020 – Hosted by Michael Tanner

Flat day for the markets as both bears and bull hold market in check with major indices holding flat for the day. On Thursday, over 180,000 confirmed cases of COVID-19 were recorded, bring the new 7-day average up over 160,000,

Reducing LOE’s are saving operators millions every year – do you have too much money?

Reducing LOE’s are saving operators millions every year – do you have too much money?

If you have listened to any of the recent M&A investor calls, you will notice two main themes that management highlights as reasons that make these deals attractive to investors: ESG commitments and cost savings from ‘synergies’. A few examples

Source: Reuters

China is considering acquiring Exxon Mobil’s remaining Iraq oilfield stake

(Bloomberg) –China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which could fetch at least $500 million, according to people familiar with the matter.

The …

November 20, 2020 - 7:25 am International
Pioneer Natural Resources reinstate executive pay after pandemic cost cutting

Pioneer Natural Resources reinstate executive pay after pandemic cost cutting

Nov 20 (Reuters) – Shale producer Pioneer Natural Resources Co said on Friday it would reinstate full salaries of its chief executive officer and other executives in 2021, after cutting them earlier this year as the COVID-19 pandemic crushed oil …

November 20, 2020 - 7:21 am Finance
Source: Reuters

FourPass Energy and Oaktree Partner Launch O&G Operating Company With $900 Million Commitment

DENVER–(BUSINESS WIRE)–FourPass Energy, LLC (“FourPass”), an oil and gas operating company, along with funds managed by Oaktree Capital Management, L.P. (collectively, “Oaktree”) today announced a partnership to acquire and operate large-scale, oil-weighted, producing oil and gas assets. Oaktree’s

November 20, 2020 - 6:47 am Exploration and Production (E&P), Finance
Energy News Beat: #163 – 11/19/2020 – Hosted by Michael Tanner

Energy News Beat: #163 – 11/19/2020 – Hosted by Michael Tanner

Energy News Beat: #162 – 11/18/2020 – Hosted by Michael Tanner

Energy News Beat: #162 – 11/18/2020 – Hosted by Michael Tanner

Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping.  $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business

  • S&P 500: -0.33%
  • Nasdaq:
Energy News Beat: #161 – 11/17/2020 – Hosted by Michael Tanner

Energy News Beat: #161 – 11/17/2020 – Hosted by Michael Tanner

Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping.  $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business

  • S&P 500: -0.33%
  • Nasdaq:
Source: CNBC

Kimmeridge builds new positions in Ovintiv, PDC Energy and Cimarex

OAG360 Publishers Note: Kimmeridge, officially Kimmeridge Energy Management Co., announced yesterday 3 new positions accounting for $62 million

  • PDC Energy
  • Cimarex Energy
  • Ovintiv (artist formerly known as Encana)

The New York based private equity firm was quoted in Bloomberg …

Energy News Beat: #160 – 11/16/2020 – Hosted by Michael Tanner

Energy News Beat: #160 – 11/16/2020 – Hosted by Michael Tanner

More positive vaccine news, this time from Moderna, lift markets green and sending energy stocks soaring.  The Dow Jones Industrial Average added 356 points, or 1.2%, and reached an intraday record. The S&P 500 rose 0.8% and the Nasdaq Composite

EQT announces tender offer: upsizing and results

EQT announces tender offer: upsizing and results

PITTSBURGH, Nov. 16, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the “Company” or “EQT”) announced today that it has amended the terms of its previously announced tender offer (the “Tender Offer”) to purchase for cash up to an amended Maximum

November 16, 2020 - 4:53 am Finance, Natural Gas News
Energy News Beat: #159 – 11/13/2020 – Hosted by Michael Tanner

Energy News Beat: #159 – 11/13/2020 – Hosted by Michael Tanner

Market sentiment back bullish as traders eye these new vaccines as a way to curb what are now rising COVID-19 in the US. “This week’s positive vaccine news is a game-changer in our view, as it allows the market to

Southwestern Energy purchases Montage Resources, increase borrowing base to $2B

Southwestern Energy purchases Montage Resources, increase borrowing base to $2B

OAG360 Publishers Note: More information coming, watch our Energy News Beat at 2 PM daily for more analysis

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SPRING, Texas–(BUSINESS WIRE)–Southwestern Energy Company (NYSE: SWN) today announced that it has completed the acquisition of Montage Resources

Energy News Beat: #158 – 11/12/2020 – Hosted by Michael Tanner

Energy News Beat: #158 – 11/12/2020 – Hosted by Michael Tanner

Stocks turn red amid rising COVID-19 cases, with Wednesday breaking a new record with over 140,000 confirmed cases. On the data front, initial weekly jobless claims fell last week to 709,000 from 757,000 in the prior week, the Labor Department

Energy News Beat: #157 – 11/11/2020 – Hosted by Michael Tanner

Energy News Beat: #157 – 11/11/2020 – Hosted by Michael Tanner

Tech stocks lead the way today as investor buy back shares of larger tech companies dragged down by the recent news of a coming vaccine.  Apple gained 3%. Netflix climbed 1.1%. Facebook and Amazon rose 1.1% and 3%, respectively. Alphabet

Energy News Beat: #156 – 11/10/2020 – Hosted by Michael Tanner

Energy News Beat: #156 – 11/10/2020 – Hosted by Michael Tanner

Rotations happening among the major indices as Dow Jones (composite of the top 30 capitalized companies) gains over 1% while other indices drop, with large losses in NQ, down over .5%

  • S&P 500: -0.07%
  • Nasdaq: -1.7%
  • Dow Jones: 4.5%

Amazon

Energy News Beat: #155 – 11/9/2020 – Hosted by Michael Tanner

Energy News Beat: #155 – 11/9/2020 – Hosted by Michael Tanner

Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the

Bonanza Creek buys HighPoint for $376 million after closing Chapter 11

Bonanza Creek buys HighPoint for $376 million after closing Chapter 11

OAG360 Publishers Note: This merger creates a major DJ basin player, and analysts at www.oilandgas360 love BCEI, mininal debt, good mangents. LONG THIS DEAL. For more analysis of this deal, check out our Energy News Beat this afternoon

The

Energy News Beat: #154 – 11/6/2020 – Hosted by Michael Tanner

Energy News Beat: #154 – 11/6/2020 – Hosted by Michael Tanner

Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the

Energy News Beat: #153 – 11/5/2020 – Hosted by Michael Tanner

Energy News Beat: #153 – 11/5/2020 – Hosted by Michael Tanner

Day three of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out.  With a predicted split Presidential/Senate/House, markets run wild

  • S&P 500: 2.9%
  • Nasdaq: 4.55%
  • Dow Jones: 2.36%

Oil

Energy News Beat: #151 – 11/4/2020 – Hosted by Michael Tanner

Energy News Beat: #151 – 11/4/2020 – Hosted by Michael Tanner

Day two of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out.  Even with a projected President Biden, the Senate looks to stay red which is generally supportive of

Energy News Beat: #151 – 11/3/2020 – Hosted by Michael Tanner

Energy News Beat: #151 – 11/3/2020 – Hosted by Michael Tanner