Analyst and author Tom Petrie discusses recovery in the Rockies, and why he believes the real interesting future for the U.S. is in natural gas.
“We’re seeing a recovery. It’s not an all-out recovery, like we’re seeing in the Permian, but it’s a good solid one,” said Tom Petrie, chairman, Petrie Partners, when discussing the state of the oil and gas industry in the Rockies with Hart Energy’s Jessica Morales.
Petrie also talked about the effect of policy changes on the industry, particularly the landlocked Rockies. He notes the opportunity the opening up of U.S. oil exports presents to producers in the Bakken and Niobrara.
He also discusses why natural gas is “the real interesting story.”
Recommended Reading
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
Tellurian Exploring Sale of Upstream Haynesville Shale Assets
2024-02-06 - Tellurian, which in November raised doubts about its ability to continue as a going concern, said cash from a divestiture would be used to pay off debt and finance the company’s Driftwood LNG project.