In spite of and because of recent OPEC activity to cut production, oil markets have continued to be volatile in terms of price. In late November, NYMEX crude oil futures were at $45, and today they hover around the $50 mark. In the U.S., the Permian Basin continues to grow oil production. The Energy Information Administration's DPR projects a 27,000 barrels per day increase from November to December in the Permian, with the Niobrara region increasing by 2,000 barrels per day. In the Bakken and Eagle Ford, production is still declining. The following link is a short feature about Pioneer, a leading Permian producer, and Tim Dove's transition as the new incoming CEO: • "How Tim Dove Will Move Pioneer Natural Resources Forward" published in D CEO, December 2016. (The chart caption should say shale oil, not oil shale.)
Disruption is happening in oil and gas in unimaginable ways. North Texas leaders—astute, seasoned or young—are leaning into a cresting wave of opportunity in energy.
Seeking Alpha’s Investor Summit in NYC featured a full day of macro economic, energy, AI, crypto and other investment themes and approaches to manage portfolios.
On a temperate mid-January day, I flew South to the Texas Triangle with chief executive Randy Kendrick to visit Sandow Lakes Ranch. I liken his development to the best case of reindustrialization and circular economy envisioned. Many hands were involved and forces at play…
The SXSW IVY Family Office Network conference revealed many trends, and importantly, what investors and entrepreneurs are advancing. Most importantly, the people. Shout out to women for Women’s History month with a few curated inspirations.
