Carolyn Davis joined the editorial staff of Intelligence Press Inc. in Houston in May, 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.
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Articles from Carolyn Davis
APA Joining E&P Merger Parade with Takeover of Permian-Focused Callon
Houston’s APA Corp., which in recent years has pursued overseas oil and gas prospects, is storming back to the Permian Basin with a $4.5 billion all-stock takeover of Callon Petroleum Co. APA, long a Permian exploration and production (E&P) stalwart, already has a broad portfolio in the Midland and Delaware formations. In the Delaware, where…
Chevron Warns of $3.5-4B in 4Q Upstream Impairments, Mostly California, GOM Assets
Chevron Corp.’s upstream oil and natural gas assets are set to take a big one-time hit in the fourth quarter results, primarily because of “continuing regulatory challenges” in California, where the integrated major is headquartered. The San Ramon-based producer on Tuesday detailed the upstream impairments in a Securities and Exchange Commission Form 8-K filing. The…
Former BP Chief’s ‘Serious Misconduct’ Results in Steep Compensation Losses
The former chief of BP plc, Bernard Looney, is set to forfeit more than $40 million in compensation after he “knowingly misled” the board about his previous relationships with colleagues. Looney, who resigned abruptly in September, gave the board “inaccurate and incomplete assurances” as part of an investigation that began in 2022, according to the…
Kodiak, CSI Merger to Create Natural Gas Compression Giant, with Permian, Eagle Ford Prowess
The blitz of tie-ups in the U.S. oil and gas industry is continuing, with Kodiak Gas Services Inc. offering to buy CSI Compressco LP in a deal that would become the largest contract compression fleet in the industry with an estimated 4.3 million hp. The all-equity acquisition, valued at $854 million including debt, would deepen…
Shell Shoring Up More U.S. Deepwater Natural Gas, Oil by Sanctioning Great White, Sparta
The deepwater Gulf of Mexico is getting renewed attention by Shell plc, which recently sanctioned two big projects in a row. In the Great White unit, a prolific oil- and natural gas-rich area of the deepwater, is set to expand with three wells, which would be processed through the Perdido platform in Mississippi Canyon, according…
Lower 48 Oil, Natural Gas Permitting Tumbles in November, Led by 18% Dip in Permian
Oil and natural gas permitting in the Lower 48 fell by double-digits in November from a month earlier, driven by losses in the Permian Basin, according to Evercore ISI. The analyst firm, which each month tracks state and federal permitting, said a total of 2,565 permits were issued in November, down by 11% month/month (m/m). …
UK’s Harbour Buoying Up Global Natural Gas and Mexico Portfolio with Wintershall Upstream Takeover
Harbour Energy plc joined the dealmaking parade on Thursday, announcing a $11.2 billion “transformational acquisition” of the upstream assets of Germany’s largest natural gas and oil producer, Wintershall Dea AG. Wintershall has gas and oil prospects in Algeria, Argentina, Denmark, Egypt, Germany, Libya, Mexico’s onshore and offshore, and in Norway. Also included in the deal…
Gulf of Mexico Auction Draws Most High Bids in Years as E&Ps Step Up Competition
Interest in the final oil and natural gas auction in the Gulf of Mexico for the year – and potentially the only one until 2025 – was strong on Wednesday, with the highest bid total since 2015. Following a series of delays because of lawsuits, the Interior Department’s Bureau of Ocean Energy Management (BOEM) held…
U.S. E&P, OFS Executives Expect Uncertainty Ahead, with Henry Hub Seen Averaging $3.09 by End of 2024
Oil and natural gas activity across the most prolific area of the Lower 48 in Louisiana, New Mexico and Texas moderated in the final three months of the year, as natural gas production edged up slightly and oil output slowed down. The fourth quarter Dallas Fed Energy Survey, conducted by the Federal Reserve Bank’s Eleventh…
‘Transitional Fuels’ – Like Natural Gas – Key to Achieving Net-Zero Emissions, Say Global Ministers
A landmark agreement clinched by nearly 200 government ministers is calling for the world to begin slowing down the use of fossil fuels, but they left the door open for “transitional fuels,” such as natural gas, to continue to play a big role in the decades ahead. The 28th Conference of Parties (COP28) to the…