Louis Coale

How Israel's Actions Could Skyrocket Oil Prices! Explore the profound impact of geopolitical tensions on global oil supply in this enlightening video. We dive into how Israel's potential actions against Iran could dramatically shift oil prices, with predictions soaring to over $200 per barrel amidst U.S. support for Israel. Don't miss this critical analysis! #GeopoliticalTensions #OilMarket #IsraelIranConflict #OilPriceSurge #BidenSupport #EnergyCrisis #GlobalEconomy #CommodityAnalysis #MiddleEastPolitics #OilSupplyImpact

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For One Producer, it’s Diamond Life in the Permian Midland and Delaware As they say, when one door closes another door opens. But in the case of Midland, Texas-based Diamondback Energy this week, that old expression with one negative translates to a big positive all the way around. Reese Energy Consulting today is following the latest news from Diamondback, which has closed the door on its February $26 billion merger deal with Midland neighbor Endeavor Resources. Among the biggest acquisitions we’ve seen as part of the consolidation frenzy now a year long, the Diamondback-Endeavor merger has to rank as one of the most memorable. As two of the Permian’s largest operators, each was considered prime buy targets early on for producers on the hunt for more acreage and drilling inventory. This to which both E&Ps rebuffed any rumor, any notion, any idea they were up for sale. Then came Diamondback’s Endeavor announcement last February, no doubt leaving a few broken hearts. With fed scrutiny officially in the rearview, the combination gives Diamondback a total 838,000 net acres across the Midland and Delaware and 816 MBOED. Now onto the open door, where Diamondback’s subsidiary Viper Energy Inc. continues to build its Permian mineral and royalty interests in both plays with three new acquisitions from Fort Worth and Midland, Texas-based Tumbleweed Royalty IV in a cash and stock deal valued at $1.1 billion. Assets include 3,237 acres in the Midland and 490 acres in the Delaware core, which currently produce 2.5 MBPD (4 MBOED). According to news sources, Viper expects Diamondback to develop 120-140 new well locations by the end of 2026. What do you think? Learn more about REC and our Permian expertise and consulting services at https://lnkd.in/ebXT2mS. For more information about our new online natural gas training courses, visit us at https://lnkd.in/g_jDyx_Y. #Energy #permianbasin #acquisitions #reeseenergyconsulting

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🚨 Exciting News: U.S. Department of Energy to Release 1 Million Barrels of Gasoline from Reserves! 🇺🇸⛽️ 🔹 The U.S. Department of Energy (DOE) has announced a significant move to release 1 million barrels (equivalent to 42 million gallons) of gasoline from the Northeast Gasoline Supply Reserve (NGSR). This strategic decision aims to alleviate gasoline prices as Americans prepare for the upcoming summer driving season and in anticipation of the U.S. elections later this year. 🔹 “The Biden-Harris Administration is committed to reducing prices at the pump for American families, especially as drivers hit the road for the summer driving season,” stated U.S. Secretary of Energy Jennifer M. Granholm. By releasing this reserve between Memorial Day and July 4th, the administration seeks to ensure a consistent fuel supply in the Northeast during this peak travel period. 🔹 The gasoline will be made available in increments of 100,000 barrels, fostering competitive bidding among retailers and terminal operators. The DOE has identified storage sites in Port Reading, NJ (900,000 barrels), and South Portland, ME (98,824 barrels) for this release. Successful bidders are set to receive their allocations by June 30, 2024, ensuring ample supply leading up to the July 4th holiday. 🔹 Bids for the gasoline release are due by 11:00 a.m. Central Time on May 28, 2024, with the revenues generated from the sale directed to the U.S. Treasury. This initiative forms part of a broader strategy to effectively manage the country’s petroleum reserves and uphold energy security. By injecting nearly 1 million barrels of gasoline into the commercial market, the DOE aims to stabilize prices and provide relief to consumers. 🔹 Established in 2014, the Northeast Gasoline Supply Reserve (NGSR) is the first federal, regional, refined petroleum product reserve containing gasoline. This reserve was initiated following the impact of 2012’s Superstorm Sandy in the northeastern United States. Let’s work together to ensure a steady fuel supply, stable prices, and a smooth summer driving experience for all! 🚗💨 #USDepartmentofEnergy #GasolineRelease #EnergySecurity #FuelSupply #DOEInitiative #GasolineReserve #FuelMarket #EnergyStrategy #FuelPrices #SummerDrivingSeason #EnergySecurity #DOEInitiative #GasolineSupply #USAEnergy #GasolineReserve #FuelMarket #DOEAnnouncement #EnergyNews #GasolineReserveRelease #FuelIndustry #EnergySector #DOEAction #GasolineAllocation #USFuelMarket #GasolineMarket #FuelDistribution #GasolineDistribution #DOEStrategy #DOEReserveRelease #PetroleumReserve #EnergyReserve #GasolineReserveManagement

Among Texas Wildcatters, There’s No One Like the Fearless Rod Lewis One of the best things to discover from a news piece reporting a new oil and gas deal is the story that lies behind it no one’s talking about. That is unless one is inclined to dive deeper to understand the decision maker behind the deal. Reese Energy Consulting today has done just that to feature a fearless, larger-than-life Texas wildcatter billionaire behind the wheel of his 35-year-old company who continues to bet big beyond the border. REC today is following the latest news from Lewis Energy Group (LEG), one of South Texas’ largest gas producers. No secret to folks in the Eagle Ford, the San Antonio-based LEG has never been content to limit the geography of its oil and gas thrill-seeking. Those decisions would fall to its leader, Rod Lewis—coined by Forbes as the “only gringo allowed to drill in Mexico”—who became the first U.S. producer to sign a contract with PEMEX in 2004. And more (ad)ventures lay ahead to include natural gas operations off the coast of Colombia and now Lewis’s latest cold plunge into politically-turmoiled Venezuela with a PDVSA deal to rehab five oilfields in decline—two of which currently produce 3 MBPD. The Biden administration on April 17 ended a sanctions waiver on Venezuelan oil. Lewis and his latest mission to build Latin America’s next energy platform are equally fascinating. Born in the border town of Laredo, Lewis launched his company in 1983 with a single gas well in South Texas and a hellbent ethos to control his own destiny. Over 35 years, he’s proved a quintuple threat stateside with the whole wellhead-to-market enchilada that includes a fleet of drilling rigs, oilfield services, saltwater disposal, end-to-end midstream services, and commodity marketing. Lewis also happens to own the nation’s largest collection of air-worthy WWII fighter planes. What do you think? Learn more about REC and our natural gas and midstream consulting services at https://lnkd.in/ebXT2mS. #entrepreneurship #energy #integration #oilandgas #reeseenergyconsulting

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Strategically located in Texas to serve multiple industries.

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APA Corporation (Apache) Announces $950 million Permian Basin Asset Divestiture According to an APA Corporation (parent company of Apache) press release put out this afternoon, APA has entered into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950 million. The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf and currently represent estimated net production of 21,000 barrels of oil equivalent per day (boe/d), of which approximately 57% is oil. John J. Christmann IV, CEO of APA Corporation stated, “The net impact of our acquisition of Callon Petroleum and the follow-on asset sales is that APA has increased its onshore U.S. production by approximately 66,000 boe/d in 2024.” Pro-forma fourth-quarter U.S. production guidance for APA is 307,000 boe/d which is 34% above the company’s fourth-quarter 2023 production. Don’t forget to refer me to your companies Hiring Managers and Executives for any hiring needs they can use recruiting assistance with. We can help identify candidates in Engineering, Accounting/Finance, Land, Geoscience, EHS, Field roles and all other positions. Oliva Consulting Group is the leading US Oil & Gas E&P focused recruiting firm with a database of 40,000+ candidates. Over the past 10 years we’ve placed professionals at over 70 Oil & Gas companies.   Follow me by clicking the "FOLLOW" button on my LinkedIn Profile to keep updated on any new Oil & Gas job openings.   Michael Oliva Oliva Consulting Group LLC

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