Joe Dancy, executive director of the University of Oklahoma’s Oil and Gas, Natural Resources, and Energy Center, sees Texas as “very energy friendly and that’s a positive.
“There are a lot of opportunities in Texas, especially with the Barnett, the Haynesville, with the Permian, the Eagle Ford and with the offshore Gulf of Mexico,” he told Jessica Morales during Hart Energy’s Midstream Texas conference in Midland. “We’re blessed with some great resources.”
Dancy called Texas the gold standard for investment opportunities, but he did note some challenges.
“One of the biggest challenges—and this is a surprise for a lot of people—is the cost of steel,” he said. “Every pipeline, every gathering system uses a tremendous amount of steel. The cost of steel has gone up substantially because of the tariffs…. The buildout of the midstream, the buildout of the gathering systems takes a lot of steel.”
Recommended Reading
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.
Occidental Increases Annual Dividend by 22%
2024-02-11 - Occidental Petroleum Corp.’s newly declared dividend is at an annual rate of $0.88 per share, compared to the previous annual rate of $0.72 per share.