Fredd said:

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DVN and Coterra

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whoa really!?

https://www.bloomberg.com/news/articles/2026-01-15/coterra-said-to-mull-combining-with-devon-energy-in-oil-megadeal?taid=696928e5ff85670001b6bbea&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter

Fredd said:

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DVN and Coterra

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That's interesting. I heard COP buying DVN rumors this morning.

And XOM buying FANG trying to make its rounds again

txaggie_08 said:

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And XOM buying FANG trying to make its rounds again

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Yeah I've heard that a lot the last couple of weeks from about 4-5 different people out there. Made it sound like it would be surprisingly soon. Who knows??

txaggie_08 said:

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And XOM buying FANG trying to make its rounds again

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I've heard still a year or so out

I'm more interested in the Aethon / Mitsubishi deal an why it's been delayed.

https://sg.finance.yahoo.com/news/aethon-energy-management-announces-global-034000066.html

Lord no.
It feels like they screw up everything

https://www.mitsubishicorp.com/jp/en/news/release/2026/20260116002.htm


So this isn't a merger or acquisition? Whats an alliance?

I see that they did acquire them?

https://www.reuters.com/business/energy/mitsubishi-take-over-texas-louisiana-shale-gas-assets-753-billion-2026-01-16/

Aethon announced it as an alliance, Mitsubishi as an acquisition.

Updated Mitsubishi link

https://www.mitsubishicorp.com/jp/en/news/release/2026/20260116002.html

I'm assuming that means Mitsubishi bought a significant portion of Aethon's existing assets, but will potentially work with them (possible equity partner) in future acquisitions and drilling. Also someone has to operate those wells - it's hard to play JR Ewing from Tokyo.

I they invested in Barnett and EF ventures I was with back in the day, they acted like any other PE sponsor.

I guess the Japanese have decided it is critical enough to control themselves. Probably a good sign for gas. Makes me feel better about setting money on fire trying to get it out of the Permian.

Continental to halt Bakken drilling due to low prices:

https://oilprice.com/Latest-Energy-News/World-News/Low-Oil-Prices-Force-Billionaire-Harold-Hamm-to-Halt-Bakken-Drilling.html

Need more of this sector wide

Gig-Em2003 said:

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Need more of this sector wide

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I keep hearing this, but I can't see how it actually matters.

So they stop drilling, then what? Price creeps back up, they turn on the taps, back to where we are now. It doesn't actually solve anything. I'd argue it makes it worse by prolonging the problem long term and just continuing the cycle.

The article about Conitnental is just dripping with irony.

Literally one of the pioneers of finding novel ways of making uneconomic plays economic through innovation is saying it's too expensive to drill here.

Much in the same way people years ago backed away from the fields that Hamm innovated.

The more things change, the more they stay the same.

Next innovator in line, please step up.

Anybody know details of Energy Transfer suing Blackstone? Everything I've tried to read is behind a paywall. Even Energy Transfer's own press release has a link to a paywall site.

ETC probably has more lawyers than engineers.

Summary of Energy Transfer & Blackstone litigation:

Energy Transfer Accuses Blackstone of Fraud in Pipeline Dispute

Energy Transfer has filed a lawsuit in Texas state court alleging that Blackstone and its subsidiary EagleClaw Midstream diverted natural gas liquids away from an Energy Transfer pipeline and into Blackstone's own system to boost profits.

According to the filing, after Blackstone acquired EagleClaw, it installed advisor Jamie Welch as CFO and formed a joint venture to build a competing longhaul pipeline. Energy Transfer claims EagleClaw then redirected volumes it had contractually committed to Energy Transfer, depriving it of significant revenue.

Energy Transfer says it only learned of Blackstone's alleged role during discovery in a related 2024 lawsuit against EagleClaw. The company is seeking damages and is asserting claims including fraudulent inducement, tortious interference, and aiding and abetting conversion.

The case is pending in the 143rd District Court of Reeves County, Texas.

Kinetik (majority Blackstone owned) ended up with some assets that had an MVC on ET owned line(s). Kinetik also has their own long haul lines that are much more profitable than shipping on ET owned line(s). I believe Kinetik is taking the position that their only obligation to ET is the MVC which they are meeting. ET is saying they are required to ship far more on ET owned lines.

Jamie Welch and ET conflict goes way back to when Jamie was an executive at ET. Both seem very litigious.

Thanks. Sounds like you have some good inside info. Agreed both are very litigious. Jamie is a shark.

What out a rocket up natgas ass?

CaptnCarl said:

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Thanks. Sounds like you have some good inside info. Agreed both are very litigious. Jamie is a shark.

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Turns out that winter, in fact, wasn't over.

AgLA06 said:

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Gig-Em2003 said:

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Need more of this sector wide

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I keep hearing this, but I can't see how it actually matters.

So they stop drilling, then what? Price creeps back up, they turn on the taps, back to where we are now. It doesn't actually solve anything. I'd argue it makes it worse by prolonging the problem long term and just continuing the cycle.

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Makes it worse?

What alternative (in the realm of reality) do you suggest?

Nat Gas going nuts

What's everyone's take on pipeline companies? Looking at energy transfer.

binsy said:

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What's everyone's take on pipeline companies? Looking at energy transfer.

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I like ET. Probably not huge upside but maybe not much downside either.