Good morning! Interesting headlines as SMR's (Nuclear) continues to pick up steam. Big companies like Amazon Google and Microsoft are starting to announce plans for SMRs to power their assets. Lime Rock's CEO says that small and mid-cap E&P's are stuck in no-man's land. That's a tough spot to be! Also, the IEA says that global electricity demand is growing faster than they predicted. Surprise, surpirse... Quiet day on the deal side. Let's drill down.

Daily Headlines

• Lime Rock CEO: Small, Mid Cap E&Ps Stuck in M&A ‘No Man’s Land’  https://www.hartenergy.com/exclusives/lime-rock-ceo-small-mid-cap-eps-stuck-ma-no-mans-land-210811

• Hungry for Power, Amazon Google and Microsoft Turn to Nuclear Energy https://www.nytimes.com/2024/10/16/business/energy-environment/amazon-google-microsoft-nuclear-energy.html

• Global Electricity Demand is Rising Faster than Expected, IEA Says https://www.nytimes.com/2024/10/16/climate/global-demand-electricity-rising.html

• New Report Details A $12 Billion Q3 For Oil And Gas Mergers https://www.forbes.com/sites/davidblackmon/2024/10/16/new-report-details-a-12-billion-q3-for-oil-and-gas-mergers/

• Rising investor confidence boosts outlook for gas production FT

• US oil production continues to rise toward record highs EIA

• Hot Permian Pie: Birch’s Scorching New Dean Wells in Dawson County https://www.hartenergy.com/exclusives/hot-permian-pie-birchs-scorching-new-dean-wells-dawson-county-210729?source=Internal§ion=Popular&platform=reccoengine&article=/exclusives/hot-permian-pie-birchs-scorching-new-dean-wells-dawson-county-210729$$$

• Midcon, Rockies Drilling Activity Keeps Declining in 3Q—KC Fed https://www.hartenergy.com/exclusives/midcon-rockies-drilling-activity-keeps-declining-3q-kc-fed-210778$$$

• Regulators passed sweeping rules to mitigate impacts of oil and gas drilling. https://coloradosun.com/2024/10/16/colorado-cumulative-impact-oil-and-gas-di-communities/

• Love Is A Long Road - Carbon-Capture Projects Reach Major Milestones, But Not All The News is Good https://rbnenergy.com/love-is-a-long-road-carbon-capture-projects-reach-major-milestones-but-not-all-the-news-is-good

• Oil and gas companies plan to increase spending in 2025, focusing on key areas of production Oil and Gas 360

• Methane reduction continues to challenge oil and gas operators OGJ

• Kinder Morgan boosts Texas natural gas capacity HartEnergy$$$

• India’s imports of Russian crude oil rise steadily OilPrice

  Deal Flow

M&A/Investment

• The US offers $3 billion in conditional loan guarantees for sustainable aviation fuel projects BOE Report

• Marketed: Providence Energy Partners III LP Permian Non-op Opportunity https://www.hartenergy.com/exclusives/marketed-providence-energy-partners-iii-lp-permian-non-op-opportunity-210819

• Marketed: BP E&P GoM ORRI Opportunity https://www.hartenergy.com/exclusives/marketed-bp-ep-gom-orri-opportunity-210798$$$

• TAG Oil expands into Egypt with a strategic acquisition of both unconventional and conventional acreage PRNewswire

IPO/Direct Listing/Issuances/Block Trades

• hold

Debt

• EPIC Crude Completes Refinancing Amid Permian Pipeline Expansion https://www.hartenergy.com/exclusives/epic-crude-completes-refinancing-amid-permian-pipeline-expansion-210815$$$

• The US offers $3 billion in conditional loan guarantees for sustainable aviation fuel projects BOE Report

SPAC

• hold

Bankruptcy/Restructuring/Distressed

• hold

Fundraising

• hold

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1