Easwaran Kanason

Co - founder of NrgEdge
Last Updated: June 8, 2021
1 view
Business Trends
image

It is only 5 months into 2021, and already Bloomberg estimates that merger and acquisition (M&A) activity in the US shale patch has more than doubled over the equivalent period in 2020 to over US$10 billion. Given that Covid lockdowns sapped energy from shale drilling from March 2020 and what was left was decimated again in April 2020 when US WTI prices (briefly) collapsed into negative territory. From this point onwards, it may not take much to maintain this doubling of M&A activity in the US shale patch over the next 7 months. But don’t call this a new trend; call it what it is: the inexorable centralisation of US shale as the long freewheeling Wild West years give way to corporate consolidation.

Even before Covid had been unleashed upon an unsuspecting world, this consolidation was already in full swing. When the US shale revolution first began accelerating in the early 2010s – when crude oil prices were high and acreage was cheap – there were thousands, maybe even tens of thousands, of small independent drillers vying alongside medium and large upstreamers busy striking riches across American shale basins such as Bakken, Eagle Ford, Marcellus and, of course, the Permian. But too many cooks spoiled the soup. The US shale drillers who were acting capitalistically without concern for discipline incurred the wrath of OPEC and caused the oil price bust in 2014/2015. For larger players were deep pockets and wide portfolios, the shock could be absorbed. But for the small, single field or basin players, it was bankruptcy staring them in the face. The sharp natural productivity dropoff of shale fields after initial explosive output meant profits had to be made super quick and super fast; if debt kept mounting up, then drillers must keep pumping to merely stay alive. But there is another option: merge or acquire. And so those thousands of players started dwindling down to hundreds.

But it wasn’t enough. Even though crude prices began to recover from 2016, it never again reached the dizzying levels of the boom years. Debt accumulated turned into debt to be repaid. And the financial community got wiser. Instead of being blinded by the promise of shale volumes, investors and shareholders started demanding value and dividends. Easy capital was no longer available to a small shale driller. And because of that no new small shale drillers emerged. Instead, the big boys arrived. Because shale oil and gas still held vast potential, the likes of ExxonMobil, Shell and Chevron started moving in. ExxonMobil went as far as calling the Permian its ‘future’ (though this was in the days before its super discoveries in Guyana were announced). With consolidation came cohesion. Instead of a complicated patchwork of small plots, a US shale operator’s modus operandi was now to look to its left or right for land that someone else owned which could be stitched up into its own acreage forming a contiguous asset. And so those hundreds of players started becoming dozens.

In late 2020, this drive ratcheted up as the prolonged Covid-caused fuels depression freed up plenty of candidates for deep-pocketed players. ConocoPhillips bought Concho Resources for US$9.7 billion. Pioneer Natural Resources snapped up Parsley Energy for US$4.5 billion. Chevron closed its US$5 billion acquisition of Noble Energy (after failing to acquire Anadarko after being outbidded by Occidental Petroleum in 2019), while Devon Energy snapped up WPX Energy for US$2.56 billion. All four were driven by the same motive – to expand foothold and stitch up shale assets (particularly in the Permian). This series of M&As rejigged the power balance in the Permian, propelling the four buyers into the top eight producers in the basin, joining Occidental, EOG, ExxonMobil and Chevron. These top eight Permian producers now have output of over 250,000 b/d, accounting for nearly 60% of the basin’s 4.5 mmb/d output.

You would think that this trend would continue until the Permian Big Eight became the Permian Big Four for Five. And this could still happen. But the latest M&A activity from a major Permian player suggests that the ambition may well be too constrained. Cimarex Energy, the tenth largest player in the Permian with output of some 100,000 b/d, just entered into a merger to create a US$17 billion Houston-based shale driller. But its partner was not, say, fellow Permian buddy SM Energy (80,000 b/d) or Ovintiv (75,000 b/d). Instead, Cimarex chose Cabot Oil & Gas, a gas-focused player that operates almost entirely in the Marcellus shale basin in Appalachia, over 1500km away from the Permian.

In response to the merger, share prices of both Cimarex and Cabot fell. Analysts cited a dilution of each company’s core focus (along with the meagre premium) as concerns; implying that investors would be happier if Cimarex stayed and grew in the Permian, and Cabot did the same in Marcellus. But that’s a narrow way of thinking that both Cimarex and Cabot were happy to refute. “This is a long term move,” said Cimarex CEO Tom Jorden. “This combination allows us to be ready for those (swings in commodity prices)”.

While pursuing in-basin opportunities could make shareholders happy in the short-term, a multi-basin deal might be a surprise but is also a canny long-term move. After all, at some point the Permian will run out of oil. And so will gas in Marcellus. Or the US government could accelerate its move away from fossil fuels. If an energy company puts all of its eggs into one basket – or basin, in this case – then when the river runs dry, the company’s profits evaporate. It is a consideration that other single-basin focused players like Pioneer, EOG and Diamondback will need to start thinking about, which is a luxury that other integrated players with Chevron and ExxonMobil already have. Consolidation in American shale basins is inevitable. But what is far more interesting is the new potential of cross-basin consolidation.

Market Outlook:

  • Crude price trading range: Brent – US$67-69/b, WTI – US$64-66/b
  • Global crude oil prices remain locked in their current ranges, with bullish signs of fuels demand recovery in North America, Europe and China offset by signs that the Iranian nuclear deal could be revived, which would lead increase OPEC supply
  • Iran, if reports are accurate, has already been preparing for this, establishing contact with former clients to gauge interest and pave way for its re-entry to the global oil markets, which could swell OPEC production by nearly 4 mmb/d
  • This will be a point of contention within the OPEC+ supply deal framework, since Iran would argue for exemptions (as Russia, Kazakhstan and Libya have) from official quotas; although the latest rhetoric from Iran suggests there are still plenty of gaps to restore the original 2015 nuclear agreement, allaying fears of a quick ramp-up

3
1 0

Something interesting to share?
Join NrgEdge and create your own NrgBuzz today

Latest NrgBuzz

Petroleum products

Dear Sir/ madam ,


kindly note that we currently have Russia petroleum product in seller Tank at Ningbo port china / Rotterdam, LNG. JP54 , ESP0, JETA 1 ,LCO , We are looking for capable buyer to close the deal with .




kindly contact me on my Email.




Email: [email protected]

August, 17 2022
Metal pallet manufacturers

HIGH QUALITY

MATERIAL HANDLING SOLUTIONS

DISCOVER MORE

Welcome to Sre Kateel Industries

Our Products sell well throughout the country and have versatile applications in various industries.

STORAGE SYSTEM

MATERIAL HANDLING

PROCESS EQUIPMENT

AUTOMATION

Certifications

ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007

INDUSTRY

Automobile

Heavy Machinery

Pharmaceutical

Manufacturing & Trading

OUR CLIENTS

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

PALLETS

SAFETY LOCKERS

FIFO RACKS

RACK WITH AUTO SHUTTER

MEZZANINE FLOOR

TROLLEY & DOLLY

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

HOISTS

EOT CRANES

GOODS LIFTS

SCISSORS LIFTS

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

HOPPERS

INDUSTRIAL CHIMNEY

TANKS & VESSELS

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

CONVEYOR SYSTEMS

ASSEMBLY TABLES

ROTATING FIXTURES

GET IN TOUCH

Our Products meet your requirements?

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

SERVICES

OUR EXPERTISE

We are a team of highly qualified professionals delivering quality products of Highest Standards.

DESIGN

ENGINEERING

MANUFACTURING

We give utmost importance to precision. We are able to achieve it through a well-planned design and implementation. Designs that meet customer requirements; implementation that meet industry standards.

A perfectly crafted quality analysis and control process engineers our manufacturing. May it be procurement, design or manufacturing, the process is crafted to a achieve perfection.

We follow the latest manufacturing techniques. Our infrastructure is well-equipped and efficiently planned to analyze the design and deliver the

desired product.

Our Expertise meet your requirements?!

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

ABOUT

WELCOME TO SRE KATEEL

Sre Kateel Industries is an ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007 certified fabrication Industry incorporated in the year 1993 is located in Bangalore India.

With over 3 decades of outstanding engineering, experience in fabrication, a team of highly skilled manpower and dedicated Professionals, we are confident to meet the requirements and supply all kind of storage & material handling equipments. Our manufacturing unit is spread over 30,000 square feet area.

WHY CHOOSE US

We can assure the widest range of engineering and fabrication products, with optimum

customization. We deliver exactly what the client expects from us, and many a times beyond their expectations.

Various industrial requirements under one roof

We are pioneers in storage & material handling solutions

We give utmost importance to quality and time

  • + Professionalism

We are team of qualified professionals. As we offer turn-key projects, we ensure utmost professionalism at every stage of planning, production and delivery.

  • + Quality Standard

We are an ISO certified company. Every process followed is per ISO standards and global trends. We procure raw material of high standards, and only from certified brands.

  • + Wide Range of Products

We have always been lauded for our wide range of products. May it be automation, material handling, process equipments or storage solutions, we provide the widest range, with industry specific and customer specific customization.

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

CONTACT

GET IN TOUCH

REACH US

Top of Form

Enter Name*

Enter Email*

Submitting Form...

The server encountered an error.

Form received.

Bottom of Form

Top of Form

Enter Your Message

Subject

Enter Phone Number

Bottom of Form

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

+91 9845669129 , +91 9901 889129

[email protected]

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

https://srekateel.com

https://srekateel.com/index.html

https://srekateel.com/about.html

https://srekateel.com/products-storage-systems.html

https://srekateel.com/products-material-handling.html

https://srekateel.com/products-process-equipments.html

https://srekateel.com/products-automation.html

https://srekateel.com/services.html

https://srekateel.com/contact.html

https://www.google.com/maps/dir//Sre+Kateel+Industries+Sy.No.+83,+Superintendent+Dinne,+Gottigere+Post,+C.K.+Palya+Road+off,+Bannerghatta+Main+Rd+Bengaluru,+Karnataka+560083/@12.8398955,77.5991025,12z/data=!4m5!4m4!1m0!1m2!1m1!1s0x3bae6b87df21f64b:0x649e8ae0bbcf453c

August, 17 2022
EOT Crane Manufacturers in Bangalore, Hoist crane manufacturers

SRE KATEEL INDUSTRIES   Crane Manufacturers in Bangalore India, EOT Crane, Hoist Crane, Goods lift, Mezzanine floor, Heavy Duty Racks Manufacturers

Sre Kateel Industries Crane manufacturers, crane manufactures Bangalore, overhead E. O. T. cranes, overhead H.O.T. cranes, jib cranes, Goliath, Gantry cranes, Hoist, Pulleys, Hoist Crane, Goods Lift Manufacturers, Metal pallet, Mezzanine floor manufacturers, Heavy duty racks, Trolley manufacturers

Crane Manufacturers in Bangalore, EOT Crane, Hoist Crane, EOT Crane Manufacturers in Bangalore, Hoist crane manufacturers in India, Goods lift manufacturers, Mezzanine floor manufacturers, Metal pallet manufacturers,  Heavy duty racks manufacturers, Trolley manufacturers, Tanks and vessels manufacturers in India  https://srekateel.com

SRE KATEEL INDUSTRIES  Heavy duty racks Manufacturers, Tanks and vessels manufacturer, Trolley manufacturers, Goods lift manufacturers in Bangalore

We are manufacturers for EOT Crane, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers in Bangalore Karnataka, India

EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers

SRE KATEEL INDUSTRIES  Goods lift manufacturers,Crane Manufacturers in Bangalore

SRE KATEEL INDUSTRIES  Tanks and vessels manufacturers,Goods lift manufacturers,Crane Manufacturers in Bangalore

We are Specialist in Manufacturing like Trolley manufacturers, Tanks and vessels manufacturer, Heavy duty racks manufacturers, Metal pallet, Mezzanine floor manufacturers, Goods lift manufacturers, Crane Manufacturers, Hoist crane, EOT Crane Manufacturers in Bangalore

EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers

SRE KATEEL INDUSTRIES   EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers in Banagalore

Crane Manufacturer  SRE KATEEL INDUSTRIES  EOT Crane, Hoist crane, Goods lift, Mezzanine floor, Metal pallet, Heavy duty rack Manufacturers

SRE KATEEL INDUSTRIES   Mezzanine floor manufacturer, Metal pallet, Tanks and vessels, Goods lift, Heavy duty racks manufacturers

Goods Lift And Elevator - Self Supported Structure Goods Lift Manufacturer from Bengaluru

Manufacturer of a wide range of products which include self supported structure goods lift, canteen dumbwaiter lift, industrial goods elevators, dumbwaiter lift, hydraulic goods lift and industrial goods lifts.

Sre Kateel Industries is an ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007 certified fabrication Industry incorporated in the year 1993 is located in Bangalore India.

With over 3 decades of outstanding engineering, experience in fabrication, a team of highly skilled manpower and dedicated Professionals, we are confident to meet the requirements and supply all kind of storage & material handling equipments. Our manufacturing unit is spread over 30,000 square feet area

Double Girder EOT Crane Manufacturers Bangalore ,Crane Manufacturers , Industrial crane manufacturers bangalore, Crane supplier, Overhead crane manufacturers, EOT Crane Manufacturers  Double Girder Crane Manufacturers,Single Girder Crane Manufacturers Bangalore, Jib Crane Manufacturers

overhead E. O. T. cranes, overhead H.O.T. cranes, jib cranes, Goliath/ Gantry cranes, Hoist, Pulleys, Hooks & Accessories

EOT Crane, EOT Crane Manufacturers, Single Girder Crane Manufacturers,  Monorails Manufacturers,Double Girder Crane Manufacturers, Jib Crane Manufacturers, Goliath Crane Manufacturers, Wire Rope Hoists Manufacturers, Grab Manufacturers, Gantry Crane Manufacturers, Jib Crane Manufacturers, Monorails Manufacturers in bangalore ,Gantry Crane Manufacturers in Banglore, Crane manufacturers Bangalore, Crane manufacturer Bangalore, Crane manufacturers in bangalore, Crane manufacturer in bangalore, Crane manufacturers in india, Crane manufacturer in india, Crane manufacturer india, Crane manufacturers india, Industrial crane manufacturer, Industrial crane manufacturers, Industrial fabrication bangalore, Industrial Fabrication india, Industrial fabrication, Double girder eot cranes bangalore, EOT cranes

crane, cranes, EOT Crane, jib crane, jib cranes, jib, jib cranes for sale, wire rope, overhead cranes, gantry crane, gantry cranes,jib crane manufacturer, gantry, eot cranes, goliath crane, transfer trolleys, gantry crane, electric hoist, double girder cranes, double girder crane, gantry cranes, single girder crane, overhead crane, bridge crane, cranes manufacturers, EOT cranes

Gantry Crane Manufacturers, Monorails Manufacturers, transfer trolleys, Jib Crane Manufacturers, EOT Crane Manufacturers,Goliath Crane Manufacturers, Grab Manufacturers, Double Girder Crane Manufacturers, Single Girder Crane Manufacturers, Wire Rope Hoists Manufacturers, EOT cranes

crane, cranes, EOT Crane, jib crane, jib cranes,EOT Crane, Single, Double Side Girder Crane, Jib Crane, Wire Rope Hoists, Grab, Gantry, Goliath, Monorails,Gantry Crane Manufacturers, transfer trolleys,  Monorails Manufacturers, Jib Crane Manufacturers, EOT Crane Manufacturers,Goliath Crane Manufacturers, Grab Manufacturers, Double Girder Crane Manufacturers, Single Girder Crane Manufacturers, Wire Rope Hoists Manufacturers, EOT cranes

Mezzanine Floor, Mezzanine Floor In Bangalore, Mezzanine Floor Manufacturers In Bangalore, Mezzanine Floor Suppliers In Bangalore, Best Mezzanine Floor In Bangalore, Customised Mezzanine Floor In Bangalore, Mezzanine Floor Structure Manufacturers

Heavy Duty Racks in Bangalore , Heavy Duty Pallet Racks Manufacturers

https://srekateel.com

https://srekateel.com/index.html

https://srekateel.com/about.html

https://srekateel.com/products-storage-systems.html

https://srekateel.com/products-material-handling.html

https://srekateel.com/products-process-equipments.html

https://srekateel.com/products-automation.html

https://srekateel.com/services.html

https://srekateel.com/contact.html

https://srekateel.com/images/fabrication.jpg?crc=3930609999

https://www.google.com/maps/dir//Sre+Kateel+Industries+Sy.No.+83,+Superintendent+Dinne,+Gottigere+Post,+C.K.+Palya+Road+off,+Bannerghatta+Main+Rd+Bengaluru,+Karnataka+560083/@12.8398955,77.5991025,12z/data=!4m5!4m4!1m0!1m2!1m1!1s0x3bae6b87df21f64b:0x649e8ae0bbcf453c

August, 17 2022