RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Although Labor Day has passed, most of the country is still enjoying balmy and relatively tranquil weather as we approach the onset of fall. However, a decline in crude oil prices since a mid-June peak has induced a profound chill in the boardrooms of oil and gas producers.
This summer, like the spring, winter and fall that preceded it, has seen a lot of dealmaking among midstreamers. And not just M&A and divestitures by the folks who gather, transport and process hydrocarbons but a major acquisition — and a rare IPO!
Crude Oil TradeView provides up-to-date data and insights into the behavior of differentials for 33 crude assessments across North America. Each week, it also walks you through the reasoning of why differentials widen, narrow, flip (premium vs. discount), or blow out.
Merger activity this year has been frequent in Canada’s oil and gas sector as companies strive for scale and efficiencies in an increasingly competitive landscape.
For most of us, matching spending with income is the logical path to financial stability. However, after decades of aggressive investment in search of growth, the “dollars in equals dollars out” method of allocating free cash flow has been an adjustment for many U.S. oil and gas producers.
U.S. interstates are populated with electronic displays that update drivers in real-time on traffic conditions, road closures, weather alerts and other important events.
The fact is, many major E&P acquisitions include at least some production assets that don’t align with the acquiring company’s long-term strategic plans.
MPLX’s July 31 announcement that it has reached an agreement to acquire Northwind Midstream for $2.375 billion puts a spotlight on two undeniable trends.
Crude Oil Permian provides detailed analysis of the fundamental drivers impacting the Permian Basin crude oil market including weekly data, analysis and market intelligence updates of: Permian crude oil supply and demand, pipeline outflows and capacity, prices, and infrastructure updates.
U.S. E&Ps’ strategic shift from growth at any cost to a laser focus on cash flows to fund shareholder returns revitalized their investor base.
The uncertainty and angst spurred by the ongoing trade war doesn’t seem to have dampened foreign companies’ interest in acquiring upstream and midstream energy assets in the U.S. The recent rumor — still unconfirmed — that Mitsubishi Corp.
You might have thought the flurry of acquisitions and buyout deals that midstream companies entered into over the past couple of years would have satisfied their evident desire to refocus, expand and reshape their businesses. But you’d be wrong.
