Saudi Arabia's Foreign Reserves Plummet -- August 29, 2023

Locator: 45498B. 

Saudi Arabia's foreign reserves plunge, link here. History here.

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Back to the Bakken

WTI: $80.73.

Friday, September 1, 2023: 53 for the month; 255 for the quarter, 500 for the year
37935, conf, BR, Boxer 3B MBH,

Thursday, August 31, 202: 52 for the month; 254 for the quarter, 499 for the year
None.

Wednesday, August 30, 2023: 52 for the month; 254 for the quarter, 499 for the year
None.

Tuesday, August 29, 2023: 52 for the month; 254 for the quarter, 499 for the year
None.

RBN Energy: yet another round of E&P consolidation in the Permian and Eagle Ford. Archived.

It’s only natural that deals like Chevron’s $7.6 billion acquisition of PDC Energy and ExxonMobil’s $4.9 billion purchase of Denbury grab the market’s attention. After all, the buyers are names known to everyone — even those who only think about hydrocarbons when they’re filling up at their local gas station. But a lot of other, lower-profile M&A action is happening too, especially in the Permian and also in the Eagle Ford. You might say these are cases of “Eat or be eaten” — or, in one recent case, “Eat and be eaten.” In today’s RBN blog, we discuss the plans by Permian Resources to acquire Earthstone Energy; Civitas Resources to buy assets in the Permian’s Delaware and Midland basins from Tap Rock Resources and Hibernia Resources, respectively; and SilverBow Resources to scoop up Chesapeake Energy’s last remaining assets in the Eagle Ford.