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• Permian Player Pioneer Natural Resources Talks Monetizing Assets
  Having shed its assets outside the Permian Basin, pure-play Pioneer Natural Resources Co. is on a cost-cutting,...
  Having shed its assets outside the Permian Basin, pure-play Pioneer Natural Resources Co. is on a cost-cutting, revenue-generating, free cash flow-making, growth rate-slowing, shareholder capital-returning mission.
  
  And, “We have been laser-focused on lowering our breakeven costs,” Pioneer CFO Rich Dealy said June 19 during the JP Morgan Energy Conference.
  
  The attention on monetization comes as U.S. shale players continue to be pummeled by investors fed up with oil companies’ inability, for the most part, to generate cash flow. Although the industry has successfully used technology and improved techniques to get more from wells while bringing down costs, it still faces challenges of steep well declines, geopolitics and the cyclical nature of the business plus debt.
  
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• Texas Railroad Commission unanimously elects chairman
  At an open meeting of the Railroad Commission of Texas, Commissioner Wayne Christian was unanimously...
  At an open meeting of the Railroad Commission of Texas, Commissioner Wayne Christian was unanimously elected chairman. Following the vote, Christian released the following statement:
  
  "It has been the honor of my life to serve on the Railroad Commission during this historic period of growth for our state's oil and gas industry," said Christian. "Largely because of Texas, America has become the largest producer of oil and gas in the world, giving us not only energy security, but national security as well."
  
  "At the same time we have seen tremendous growth in the industry, we have seen great gains environmentally," continued Christian. "From 1970 to 2017, the six major pollutants monitored by the EPA plunged by 73%, while the U.S. economy grew 262% and its population by 60%."
  
  "As Chairman, I look forward to continuing to ensure our agency provides a consistent, predictable regulatory environment that allows businesses to thrive and protects the public from bad actors," said Christian. "I would like to thank Commissioners Craddick and Sitton for their service and entrusting me with this honor."
  
  
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• Anadarko Approves $20 Billion LNG Export Project In Mozambique
  U.S. energy firm Anadarko Petroleum Corp. gave the go-ahead on June 18 for the construction of a $20...
  U.S. energy firm Anadarko Petroleum Corp. gave the go-ahead on June 18 for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa, according to the government of Mozambique and energy consultancy Wood Mackenzie.
  
  The announcement, which occurred at an event in Mozambique, was widely expected after Anadarko in May flagged the decision date. Officials at Anadarko were not immediately available for comment.
  
  Anadarko has agreed to be taken over by Occidental Petroleum Corp. Once that deal goes ahead, Occidental has agreed to sell assets including the Mozambique LNG project to French oil major and large LNG trader Total SA. Officials at Total were not immediately available for comment.
  
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• ConocoPhillips Tacks On Alaska Acreage To Growing North Slope Position
  Hart Energy - ConocoPhillips Co. recently landed a deal with a private E&P for North Slope assets that...
  Hart Energy - ConocoPhillips Co. recently landed a deal with a private E&P for North Slope assets that further expands the Houston-based company’s Alaskan footprint, which already totals more than 1 million acres.
  
  Last year, ConocoPhillips grew its position in the region with a deal for non-operated interests in the western North Slope from fellow independent oil and gas company Anadarko Petroleum Corp. The $400 million bolt-on acquisition gave ConocoPhillips 100% control over 200 million barrels of gross reserves and about 900 million barrels of risked gross reserves.
  
  In a deal on June 17, ConocoPhillips said it signed an agreement to acquire the Nuna Discovery located east of the Colville River and southwest of the Oooguruk Field. Although the terms of the transaction weren’t disclosed, ConocoPhillips said the purchase included 11 tracts covering 21,000 acres.
  
  
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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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