Michael Oliva’s Post

DEAL ALERT Northern Oil & Gas (NOG) and SM Energy are expanding their presence in the Uinta Basin with a new acquisition following their $2.55 billion deal to buy XCL Resources. They will purchase additional assets from Altamont Energy for $17.5 million. This acquisition will increase NOG's holdings by approximately 20%, adding about 6,500 net acres and boosting exploration potential. SM Energy will operate the Altamont assets, mirroring their arrangement with the XCL Resources acquisition, expected to close in early Q4 2024. Follow me by clicking the "FOLLOW" button on my LinkedIn Profile to keep updated with industry news and new job openings. "SHARE" this post to help expand my reach and my ability to help bring value to your network. Hiring Managers and Executives - We can help identify candidates in Engineering, Geoscience, Land, EHS, Accounting/Finance, and other positions. Please reach out and we can set up a time to talk. https://lnkd.in/gFggT-DZ

SandRidge Energy completed a $144 million acquisition of producing assets in the Western Anadarko Basin, Oklahoma. The deal includes 6,000 boe/d of net production (40% oil) from 42 wells, 4 drilled but uncompleted wells (DUCs), and two recently completed wells. SandRidge projects annualized EBITDA of $50 million from the acquisition, enhancing its 2024 production guidance by 11%. The company also formed a joint development agreement for future growth on these assets, though the partner remains undisclosed.' Follow me by clicking the "FOLLOW" button on my LinkedIn Profile to keep updated with industry news and new job openings. "SHARE" this post to help expand my reach and my ability to help bring value to your network. Hiring Managers and Executives - We can help identify candidates for engineering, geoscience, land, EHS, accounting/finance, and other positions. Please reach out and we can set up a time to talk. https://lnkd.in/g6zkKGbG

Efficient and seamless mobilisations are crucial to the success of any project. At WA MOBILISATIONS, we excel in the precise planning and execution of mobilisations, ensuring that equipment, personnel, and resources are efficiently moved to their intended destinations. Our expertise in remote mining sites, construction projects, and oil and gas operations guarantees a streamlined process for your business. We understand the criticality of streamlined personnel mobilisation. Our team emphasizes on ensuring that all personnel being mobilised to the site align with their specific skillset and role requirements, adhere to your company’s requisites, and comply with the site-specific client specifications. Our flexibility allows us to either seamlessly integrate with your in-house team or provide all-encompassing, autonomous mobilisation services for your business’ site or project. Choose WA MOBILISATIONS for a reliable and efficient mobilisation process. Let us adapt to your unique needs and provide you with the best solutions for your business. #Mobilisations #projects #Shutdowns #administration #support #mining #oilandgas #construction

**Houston’s Oil Exploration Market is Taking a Haircut** Shell is cutting 20% of its workforce to boost profits, reflecting industry trends towards efficiency and sustainability. **Impact on Texas:** - Economic Effects: Significant impact on Houston's economy, affecting jobs and local businesses. - Industry Consolidation: Potential for more mergers as companies streamline operations. - Energy Transition: Shift towards LNG and renewables could accelerate Texas's energy diversification. - Workforce Evolution: Increased demand for skills in renewables and digital solutions. While challenging, these changes could drive a sustainable energy future in Texas. #Shell #OilAndGas #EnergyTransition #HoustonEconomy #Sustainability #TexasEnergy

My post today for Steve Reese and Reese Energy Consulting. Here’s to the Smaller Guys Consolidation by the Big Guys in the nation’s largest oil and gas basins may well offer golden opportunities for the Smaller Guys to snap up non-core cast offs when the deal dust finally settles. For other smaller operators, finding remarkable success in plays outside of the major headliners is no big mystery—just largely under covered. Reese Energy Consulting today is following the latest news from the Barnett and San Juan where producers well understand you don’t have to be a Permian Midland and Delaware big fella to find big oil. We’ll start with Midland, Texas-based Ares Energy and its CEO Bob Dimit whose exploration for crude oil lies hands-down in the Barnett. Back in January, Ares launched a 4-5 well drilling program targeting the Mississippian interval. The program has since expanded to 7 wells with completions due to begin in July. These are big, deep wells, Dimit says, estimating initial production of 1+ MBPD and ultimately 1.2 MMBbls—along with extremely rich gas from what he hails the Permian’s next big play. Meanwhile in N.M., far north from the state’s southern Delaware fanfare, the gassy San Juan Basin continues to reveal its crude oil secrets for producers developing the Marcos shale and Gallup oil window. The two leading operators in this small subset of the basin are N.M.-based DJR Operating and Denver-based Enduring Resources, LLC, which have found San Juan gold at breakeven costs less than $40/bbl. DJR in 2023 produced an average 13 MBPD while Enduring recorded an average 11.9 MBPD. What do you think? Learn more about REC and our natural gas, crude oil, and midstream consulting services at https://lnkd.in/eAebAz8.

ONEOK has struck a deal with EnLink Midstream to buy its remaining assets in the Permian for $4.3 billion in stock, boosting its presence in the star of the shale patch further amid growing expectations of a surge in natural gas demand. Earlier this year, the gas infrastructure operator acquired a 43% stake in EnLink Midstream, paying $3.3 billion for it. It also acquired a stake in another pipeline operator at the time, Medallion Midstream, for $2.6 billion. ONEOK is one of the largest energy infrastructure operators in North America. It has a network of more than 50,000 miles of pipelines. Some of that was added to the company’s total last year when it acquired Magellan Midstream partners for $18.8 billion. The new deals demonstrate there is more space for growth. “ONEOK has a longstanding reputation as being intentional in building a premier energy infrastructure company. This next step further solidifies that status, allowing us to continue expanding and extending our value chain, while creating value for our stakeholders,” the company said in the news release for the second EnLink acquisition deal. The deals also highlight the fact that the merger and acquisition wave washing through the U.S. oil and gas industry is not only reserved for exploration and production. ONEOK’s Magellan Midstream deal last year was one instance. Another was Energy Transfer’s acquisition of Crestwood Equity Partners for a total consideration of $7.1 billion. The midstream M&A rush continued into 2024, with gas station owner Sunoco LP announcing in January that it would buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt. Earlier in the year there were reports that Occidental may be interested in selling a 49% stake in its Western Midstream business and later in the year the company reported it had completed the divestment for a total of $700 million. By Charles Kennedy for Oilprice.com

Fuelling the Future: The Oil & Gas Industry's Unstoppable Growth As we charge ahead in 2024, the oil and gas industry stands stronger than ever. With breakthrough advancements in drilling technology, enhanced recovery methods, and a renewed focus on operational excellence, our sector is not just keeping pace—it’s leading the way. None of this progress happens without the right talent driving it forward. Industry reports show a potential shortfall of over 20,000 skilled professionals in the next five years. This isn’t a challenge; it’s an opportunity—a call to action for those ready to take their careers to the next level and for companies prepared to secure the best talent. What does this mean for us? For professionals ready to seize the moment, the demand for expertise in drilling, production, and project management has never been higher. This is the chance to step into roles that will shape the future of energy. For companies, the message is clear: to stay ahead, you need to invest in the right people—those who understand the complexities of this industry and are ready to make an impact. I see first-hand how the right talent can transform challenges into victories and drive our industry to new heights. Let’s connect and talk about how we can fuel this growth together. Whether you’re looking to advance your career or secure top-tier talent, now is the time to act. #OilandGas #Recruitment #TalentGap #IndustryLeadership #EnergyFuture

𝙊𝙉𝙀𝙊𝙆 𝙀𝙭𝙥𝙖𝙣𝙙𝙨 𝙁𝙤𝙤𝙩𝙥𝙧𝙞𝙣𝙩 𝙞𝙣 $4.3 𝘽𝙞𝙡𝙡𝙞𝙤𝙣 𝘿𝙚𝙖𝙡 𝙬𝙞𝙩𝙝 𝙀𝙣𝙇𝙞𝙣𝙠 ONEOK has solidified its position in the Permian Basin with a $4.3 billion stock acquisition of EnLink Midstream's remaining assets. This deal follows its earlier $3.3 billion purchase of a 43% stake in EnLink and a $2.6 billion stake in Medallion Midstream, reflecting its strategic focus on scaling natural gas infrastructure amid rising demand. With over 50,000 miles of pipelines and last year's $18.8 billion acquisition of Magellan Midstream Partners, ONEOK continues to drive growth through intentional M&A activity. This deal emphasizes the ongoing consolidation trend in the midstream sector, seen in recent moves by industry leaders like Energy Transfer and Sunoco LP. 𝑯𝒐𝒘 𝒘𝒊𝒍𝒍 𝑶𝑵𝑬𝑶𝑲’𝒔 𝒂𝒈𝒈𝒓𝒆𝒔𝒔𝒊𝒗𝒆 𝒆𝒙𝒑𝒂𝒏𝒔𝒊𝒐𝒏 𝒔𝒉𝒂𝒑𝒆 𝒕𝒉𝒆 𝒇𝒖𝒕𝒖𝒓𝒆 𝒐𝒇 𝒎𝒊𝒅𝒔𝒕𝒓𝒆𝒂𝒎 𝒆𝒏𝒆𝒓𝒈𝒚 𝒊𝒏𝒇𝒓𝒂𝒔𝒕𝒓𝒖𝒄𝒕𝒖𝒓𝒆? 𝑾𝒉𝒂𝒕 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒐𝒓 𝒓𝒊𝒔𝒌𝒔 𝒅𝒐 𝒚𝒐𝒖 𝒇𝒐𝒓𝒆𝒔𝒆𝒆? #EnergyInfrastructure #NaturalGas #PermianBasin #MergersAndAcquisitions https://lnkd.in/gzZB3Daf

Here is a sample business model for an upstream oil and gas company: 1. Value Proposition: - Exploration and Production: Finding and extracting oil and gas reserves to meet global energy demands. - Expertise in Technical Operations: Utilizing advanced technologies and industry expertise to maximize production efficiency and optimize resource recovery. 2. Target Customer Segments: - National and International Oil Companies (NOCs and IOCs): Partnering with large oil and gas companies to jointly develop and operate oil and gas fields. - Government Agencies: Collaborating with government entities for exploration and production rights, licenses, and regulatory compliance. 3. Channels: - Direct Negotiations: Engaging in direct negotiations with potential partners and government agencies to secure exploration and production rights. - Industry Conferences and Events: Participating in industry events to network, showcase capabilities, and attract potential partners and investors. 4. Customer Relationships: - Long-term Partnerships: Building strong and collaborative relationships with strategic partners to jointly develop and operate oil and gas assets. - Regular Communication: Maintaining open lines of communication to address partner concerns, provide updates, and ensure alignment on project goals. 5. Revenue Streams: - Oil and Gas Sales: Generating revenue through the sale of extracted oil and gas to domestic and international markets. - Licensing and Royalties: Earning income from licensing exploration and production rights to other companies and receiving royalties from production. 6. Key Activities: - Exploration: Conducting geological and geophysical studies to identify potential oil and gas reserves. - Drilling and Production: Drilling wells and implementing production techniques to extract oil and gas from reservoirs. - Field Development: Designing and implementing infrastructure and facilities necessary for efficient production and transportation of oil and gas. 7. Key Resources: - Technological Expertise: Employing skilled professionals and utilizing advanced technologies for exploration, drilling, and production operations. - Access to Capital: Securing funding for exploration, development, and operational activities. - Access to Reserves: Obtaining exploration and production rights to oil and gas reserves. 8. Key Partnerships: - Service Providers: Collaborating with service companies for drilling rigs, seismic surveys, and other specialized equipment and services. - Research Institutions: Partnering with research institutions and universities to enhance technical capabilities and innovation. 9. Cost Structure: - Exploration and Drilling Costs: Investments in exploration activities, well drilling, and associated operational expenses. - Operational Costs: Expenses related to maintaining and operating oil and gas fields, including production equipment, maintenance, and personnel

Exceptional Investment Opportunity: Two Strategic Disposal Wells for Sale in Noble County, Ohio Unlock the potential of a prime location in the bustling heart of Noble County, Ohio, with our offering of two fully operational disposal wells. This is an unparalleled opportunity to invest in a site characterized by vigorous drilling activities and a robust demand for disposal solutions. Key Highlights: • Location: Situated in Noble County, an area renowned for its intense and ongoing drilling activities, offering immediate access to local oil and gas operations. • Capacity: Combined downhole volume of 4,500 barrels per day, accommodating substantial operational demands. • Geological Advantage: Both wells inject into the proven Clinton and Medina formations, known for their reliability and excellent absorption capacities. • Compliance and Integrity: Recent mechanical integrity tests successfully conducted and passed, affirming the wells' operational readiness and compliance with regulatory standards. Investment Benefits: • Turnkey Operation: These wells are fully operational and have been meticulously maintained to the highest standards, ensuring a smooth transition and immediate functionality for the new owner. • Strategic Asset: Owning these disposal wells places you at a strategic advantage by providing essential services to the surrounding oil and gas operations, potentially leading to lucrative contracting opportunities and stable revenue streams. • Regulatory Assurance: With all necessary compliance checks and integrity tests up-to-date, these wells represent a secure investment, minimizing potential regulatory hurdles. Call to Action: Take advantage of this unique investment opportunity in a high-demand area. For more detailed information and to schedule a viewing, please contact us at 740-273-6660 Act now to diversify your investment portfolio with these critical assets in the heart of Ohio’s oil and gas industry.