Formentera Operations LLC is the operator for Formentera Partners, which is an energy focused, private equity strategy founded by Bryan Sheffield, Blake London and Paul Treadwell in 2020, based in Austin, Texas. Formentera responsibly acquires and optimizes producing oil and gas assets in onshore United States basins.
Linkedin poll and had over 800 people respond, the majority of the respondents feel the Kamala Harris will be worse for the Oil & Gas Industry vs Joe Biden.
In the APA 2024 Sustainability Report, APA Corporation outlines comprehensive measures for spill prevention and management, emphasizing their commitment to minimizing environmental impacts. The report details proactive strategies, including the use of primary and secondary containment systems, rigorous employee and contractor training programs, and advanced spill response protocols.
Helmerich & Payne, Inc. (NYSE: HP), a leading provider of advanced drilling solutions, has announced its financial results for the third quarter of fiscal year 2024. The company reported a net income of $89 million, or $0.88 per diluted share, reflecting a robust performance despite industry headwinds.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) has announced its financial results for the second quarter ended June 30, 2024. The company reported a total revenue of $1.3 billion and a net income of $11 million, or $0.03 per share. Despite incurring $11 million in merger and integration expenses, the company achieved an adjusted EBITDA of $324 million
The endorsement of Kamala Harris by President Biden signals potential challenges ahead for the oil and gas industry. Harris’s track record and her commitment to aggressive climate policies indicate a possible continuation and intensification of the regulatory pressures seen under the current administration. Industry stakeholders should prepare for a landscape that emphasizes accountability and a shift towards renewable energy, which could significantly impact operations, investments, and overall strategy in the fossil fuel sector.
The latest Baker Hughes report indicates a slight increase in the total number of active oil and gas rigs across the United States, despite some regional declines.
The trend of fiscal discipline among Permian Basin oil and gas producers, coupled with ongoing consolidation, is leading to slower output growth.
highlighted the significant potential for AI in the energy sector, emphasizing the critical role of energy infrastructure in supporting AI-driven electricity demand.
Nabors Industries Ltd. (NYSE: NBR) (“Nabors” or “the Company”) today announced preliminary operating results for the second quarter ended June 30, 2024, showcasing ongoing international expansion and stable U.S. market activity and pricing.
