Good morning! There's a popular WSJ article revealing 'the drugs young bankers use to get through the day'. Article has a shout out to Energy I-Bankers! Maybe us A&D engineers should take some notes...ExxonMobil congratulated themselves on their progress in the Permian. Get your popcorn out. Plaquemines LNG starts first production. Kosmos & Tullow Oil in talks to merge. PHX Minerals exploring a sale. NOG does a $160mm JV in Appalachia. and Delek buys Gravity Water Midstream in the Permian for $285mm. Let's drill down.

Daily Headlines

• Well, Well, Well: Delivering results in New Mexico Corporate

• Wildcatting is Back: The New Lower 48 Oil Plays Hart Energy$$$

• The Drugs Young Bankers Use to Get Through the Day—and Night WSJ

• Venture Global’s Plaquemines LNG Starts Production Hart Energy$$$

• Oil Prices Set for New Boom After 2035 on Demand, Rapidan Says Bloomberg

• U.S. natural gas consumption reaches new highs driven by the electric power sector Eia

• LNG freight rates plummet as sector grapples with glut of ships Financial Times$$$

• CEO: Berry Gears Up for Horizontal Drilling in Uinta Stacked Pay Hart Energy$$$

• Partnership to Deploy Clean Frac Fleets Across Permian Basin Hart Energy$$$

• Earthquakes and blowouts undermine case for carbon storage in Texas Reuters

Deal Flow

M&A/Investment

• Tullow Oil and Kosmos confirm discussions on potential merger World Oil

• NOG Commits Up to $160MM to Appalachian Basin Joint Venture Hart Energy$$$

• Delek to Buy Permian's Gravity Water Midstream for $285MM Hart Energy$$$

• PHX Minerals Explores Sale After Rejecting Acquisition Bids Hart Energy$$$

• US Energy to sell majority of oil, natural gas assets in East Texas to 84 Energy Holdings OGJ

Debt

• TotalEnergies raises $3 billion through bond issuance for LNG growth ENR

• Natural gas pipeline operator Energy Transfer secures $1.2 billion in funding Google News

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1