A lot is happening in the Oil & Gas industry in the month of July. Continue reading our oil and gas news roundup to learn more about what’s happening in the industry this month.
EnerCom, Inc. has published the presentation schedule and conference activities in detail on the EnerCom Dallas website. Strive Asset Management and the Federal Reserve Bank of Dallas have been recently added to the lineup of presentations.
EnerCom Dallas, which will take place August 13-16, 2023 in Uptown Dallas, is an energy-focused investment conference that provides institutional investors the opportunity to hear investor presentations from the top independent producers, midstream and oilfield service companies and meet their management teams to discuss their plans to drive development, fund operations and return value to shareholders in 2023.
Attendees can register to attend the investment conference at no cost and can view the presentation and event schedule on the EnerCom Dallas Website at www.enercomdallas.com.
Top 5 USA Upstream Deals of Q2 2023 Top $18B
The top five U.S. upstream deals of the second quarter of this year had a combined value of more than $18 billion, according to a new report by Enverus Intelligence Research (EIR), a subsidiary of Enverus, which was sent to Rigzone recently.
EIR’s report showed that Chevron’s corporate PDC Energy deal for $7.6 billion was the top U.S. upstream transaction during the quarter, followed by Ovintiv’s Black Swan-PetroLegacy-Piedra property deal for $4.275 billion, and Civitas’ Tap Rock Resources property deal for $2.450 billion. Civitas’ Hibernia Energy III property deal for $2.250 billion ranked fourth in EIR’s report and PW Consortium’s corporate PureWest Energy deal for $1.840 billion ranked fifth.
Click here for more information on these 5 new deals.
Oil Rises to $80 as Demand Outlook Improves
Oil rose to the highest since April as signs of economic strength in the US improved the outlook for demand, outweighing concerns about a price correction based on technical factors.
West Texas Intermediate settled above $80 a barrel as US economic growth exceeded expectations and speculation mounted that the Federal Reserve is nearing the end of its monetary tightening cycle. But crude is trading in overbought territory on its relative strength index for a third day, raising the threat of a pullback.
Check out the demand prediction for the rest of the month here.
USA Bill Wants Environment Agency to Control Fracking
Proposed legislation in the USA is seeking to authorize the Environment Protection Agency to regulate hydraulic fracturing to protect water resources.
The FRAC Act is among five legal proposals introduced before the lower house last week to address environmental and health risks from fracking, which commonly involves injecting chemicals underneath the ground to free up oil or gas.
The proposal would also require drillers to disclose chemicals they use in the fracturing process.
For more information on this new proposed legislation, check out the full article at rigzone.com.
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