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Marketed: Wagner Oil Asset Divestiture Across Four Packages

2020-08-12 20:00:00| OGI

Wagner Oil retained TenOaks Energy Advisors for the sale of four packages comprising South Texas, South Louisiana, Permian Basin and Delaware Basin royalty interests.

Tags: oil packages asset wagner

 

On the Market Oil and Gas Quicklist (Week of Aug. 12, 2020)

2020-08-12 19:00:00| OGI

Heres a quicklist of oil and gas assets on the market including a Delaware Basin royalty package from Tumbler Energy Partners plus the associated mineral interests in the historic Hanging H Ranch located in Reeves and Loving counties, Texas.

Tags: week market aug gas

 
 

A&D Trends: Oil and Gas Dealdrums

2020-08-12 18:00:00| OGI

The remainder of the years deals will likely involve gas assets (while prices are good) and could come to include the low cost supply areas in the Texas and Louisiana Haynesville. Barring a miraculous rally, oil looks likely to remain the New Coke of commodities.

Tags: gas oil trends

 

OPEC Trims 2020 Oil Demand, Sees Doubts About 2021 on Virus Fallout

2020-08-12 15:55:48| OGI

World oil demand will fall by 9.06 million barrels per day (MMbbl/d) this year, OPEC said in a monthly report, more than the 8.95 MMbbl/d decline expected a month ago.

Tags: oil demand virus sees

 

Oil Rises After Bigger-Than-Expected Drop in Inventories

2020-08-12 15:45:27| OGI

Hopes rise that fuel demand can weather the pandemic.

Tags: oil drop rises inventories

 

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