Crescent's Further M&A Ambitions

Crescent to Double, Largely Through M&A, in the Next Five Years, CEO Says; Midstream giants target private GP assets in niche strategy shift; EQT achieves net zero carbon goal ahead of 2025 goals; New state and federal regulations threaten Colorado's oil and gas industry.

Author

Rob Quigley
October 24, 2024

Good morning! Crescent Energy wants to continue their M&A streak- goal is to double in next 5 years (let's see how many of these EF deals on the market they buy). Also interesting artincle from Hart about large public Midstream Cos gobbling up private G&P assets. In the news Reuters reported that all signs poing to 'drill baby drill' in the Vaca Muerta. New regulations in Colorado will further hinder some future development locations. And finally, EQT announced that they reaced Net Zero on Scope 1/2 emissions ahead of their 2025 goal. Congrats to Toby and the team. Let's drill down!

Daily Headlines

  • In Argentina's Vaca Muerta shale lands, it's drill, baby, drill! Reuters$$$

  • EQT achieves net zero carbon goal ahead of 2025 goals. Biz Journals$$$

  • New state and federal regulations threaten Colorado's oil and gas industry OGJ

  • Natural gas demand grows as coal retirements drive grid stability needs Enverus

  • Psst: NatGas Futures Haven’t Priced in AI Power Demand Yet Hartenergy$$$

  • Center of the Universe - The Midland Crude Oil Hub, Where Permian Pricing and Takeaway Converg RBNEnergy

  • New EIA data show rising US petroleum stockpiles and market impacts EIA

  • Market dynamics vary at key natural gas pricing hubs Eia

  • The Patagonian shale riches driving Argentina to an energy surplus Financial Times$$$

  • Phillips 66 permanently closes Los Angeles refinery amid industry shifts OGJ

M&A/Investment

  • Crescent to Double, Largely Through M&A, in the Next Five Years, CEO Says Hartenergy$$$

  • Midstream giants target private GP assets in niche strategy shift. Hart Energy$$$

  • YPF and partners ramp up activity in Argentina’s Vaca Muerta shale. Natural Gas World

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