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• STACK & SCOOP Leasing Opportunities
  Meagher Energy Advisors is presenting leasing opportunities in the Stack and Scoop plays from minerals...
  Meagher Energy Advisors is presenting leasing opportunities in the Stack and Scoop plays from minerals owned by Panhandle Oil and Gas, Inc.
  
  ASSET HIGHLIGHTS
  
  201 tracts
  ~2,240 net mineral acres*
  Significant leasing activity in and around assets
  76 active rigs across 12 counties
  Reputable operators actively drilling
  SCOOP and STACK plays are among the top producing oil plays in the U.S.
  Offers will be evaluated on a tract-by-tract basis
  *Depth limitations shown on lease schedule in Data Package
  
  
  
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• Lime Rock Resources to Acquire McClain and Cleveland County Position from BP
  Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States,...
  Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, announced today that it has signed a definitive agreement to acquire oil and natural gas properties in Cleveland and McClain Counties, Oklahoma from BP America Production Company The properties are located approximately 50 miles east of Lime Rock Resources' existing Norge unit operations acquired in 2014. The transaction, which represents Lime Rock Resources' eighth acquisition in Oklahoma, is expected to close in the third quarter of 2019, subject to customary closing conditions.
  
  Eric Mullins, co-CEO of Lime Rock Resources, said, "As oil and gas companies continue to shift their capital and focus on fewer areas, they are seeking to divest an increasing amount of their non-core properties. We are excited to be a buyer from private companies, large independents, and majors." Charlie Adcock, co-CEO of Lime Rock Resources, added, "Over the last several years, we have combined our intensive, low-cost approach with the application of the latest in long-reach horizontal drilling and modern completion techniques. We are looking forward to applying these same processes that we are using in the Permian, Williston, and in the nearby Norge field to these new assets."
  
  
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• Trump's Tariffs Disrupt USMCA And The US Oil & Gas Boom
  The U.S.-Mexican energy partnership helps explains why approving the USMCA deal is such an urgent priority....
  The U.S.-Mexican energy partnership helps explains why approving the USMCA deal is such an urgent priority.
  
  Unfortunately, the Trump administration has announced plans to impose a 5% tax on all goods imported from Mexico and these tariffs would potentially rise to 25% by October.
  
  A Mexican retaliation is a direct threat to the U.S. oil and gas business
  
  For example, Mexico has been the largest buyer of piped gas (taking in twice what Canada takes) and is the second buyer for our burgeoning LNG business.
  
  Mexico also accounts for 60% of our gasoline exports and 20% of our diesel sales.
  
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• Williams Trades 35% Stake in Pipelines for $1.33 Billion
  Williams (stock ticker: WMB), an energy infrastructure company headquartered in Oklahoma, completed the...
  Williams (stock ticker: WMB), an energy infrastructure company headquartered in Oklahoma, completed the formation of a $3.8 billion joint venture in the Marcellus/Utica with the Canada Pension Plan Investment Board (CPPIB).
  
  As part of the deal, which was first announced back in March, CPPIB trades approximately $1.33 billion for a 35% ownership stake in the Williams owned and operated Ohio Valley Midstream system in the western Marcellus and the Utica East Ohio Midstream system in the Utica shale play.
  
  Upon closing, Williams will retain a 65% ownership interest and operate the combined business.
  
  
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• US crude settles down 1.1% at $51.93
  CNBC - Oil prices fell on Monday after more poor Chinese economic figures fanned fears of slowed worldwide...
  CNBC - Oil prices fell on Monday after more poor Chinese economic figures fanned fears of slowed worldwide oil demand.
  
  Losses were limited, however, from worries about supply and increased tensions in the Middle East following last week’s attacks on two oil tankers in the Gulf of Oman. The United States blamed the attacks on Iran but Tehran denied involvement.
  
  Brent crude futures for August delivery fell $1.18 to $60.82 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 1.1% to settle at $51.93 a barrel.
  
  Prices have fallen around 20% since a 2019 high reached in April, in part due to concerns about the U.S.-China trade war and disappointing economic data.
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