The Left Behind

Large oil and gas mergers strain smaller industry players; No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy; Verdun Oil: Quietly Leading the Eagle Ford’s Refrac Rally; Gulf oil production faces heightened risks during hurricane season.

Author

Rob Quigley
August 26, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

Large oil and gas mergers strain smaller industry players.

The oil industry is booming. This West Texas small business worries it’s been left behind.

Before the pandemic, Ben Bilbrey worked with some of the largest oil companies. Now he’s waiting for the phone to ring.

www.texastribune.org/2024/08/22/can-a-small-business-withstand-changes-in-the-oil-economy/?utm_medium=email

No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy.(CNBC)

Verdun Oil: Quietly Leading the Eagle Ford’s Refrac Rally.(Hartenergy)

Gulf oil production faces heightened risks during hurricane season.(RBN Energy)

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

Daily Headlines

  • Large oil and gas mergers strain smaller industry players.(Texastribune.org)

  • No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy.(CNBC)

  • Verdun Oil: Quietly Leading the Eagle Ford’s Refrac Rally.(Hartenergy)

  • Gulf oil production faces heightened risks during hurricane season.(RBN Energy)

  • Protected: U.S. day rates flat but surveyed drillers downplay prospects.(Enverus $$$)

  • US purchases 2.5M barrels for strategic reserve amid market shifts.(Boereport)

Deal Flow

M&A/Investment

  • Eni closes sale to Oando in Nigeria for $783M, boosting reserves for Oando by 1.2B barrels of oil and 10.7 Tcf of gas.(Upstream Online $$$)

  • Pemex commits to significant investments for Lakach Field development in the Gulf of Mexico.(Offshore Technology)

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