There is No Place to Hide in Energy (Dallas Business Journal)

The energy industry is experiencing unprecedented volatility today, as oil prices had the largest single-day drop since the U.S. invaded Iraq in 1991 and company stock prices plunged, despite a 15-minute trading halt. Blame coronavirus fears that are dampening demand and Russia refusing to cut production along with OPEC to help prop up oil prices,…
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Shale Drillers Are Staring Down Barrel at Worst Oil Bust Yet (Bloomberg)

America’s shale drillers have never faced an oil bust quite like this.The split between Russia and its one-time OPEC allies last week has ignited an all-out price war. […] Read More

Oil Price Crash Triggers Decisions To Slow Drilling (Journal of Petroleum Technology)

An influential investor said the oil crash in progress is not as bad as it was in 2014 for investor-owned oil companies. It is worse.That judgement was offered by Dan Pickering, founder of Pickering Energy Partners, who pointed out that this time, cash-strapped producers do not have a financial safety net. […] Read More

Bloodbath For America’s Oil Frackers As Saudis Declare Price War On Russia (Forbes)

In a day of historic economic carnage, oil prices have collapsed 30% to less than $30 per barrel, after Saudi Arabia pledged to flood the oil market in a battle for market share with Russia. […] Read More

Conoco “Looks Cheap”, Opportunities in Permian E&Ps (Bloomberg)

Pickering Energy Partners founder and CIO Dan Pickering talks with Bloomberg’s Alix Steel on “Bloomberg Commodities Edge”. Pickering likes Permian oil explorers such as EOG Resources, Diamondback Energy and Parsley Energy as a shift toward capital discipline entices investors. He also called ConocoPhillips “cheap” right now “with a lot of free cash”.

U.S. Shale, This is Your Moment – Don’t Mess it Up!

U.S. Shale, This is Your Moment – Don’t Mess it Up! The attacks on Saudi Arabian oil facilities and resulting geopolitical tensions have rightfully dominated global headlines lately, as the strikes took approximately 5% of global oil supply offline in the near-term. The extent of long-term oil price risk premiums and damage to market confidence…
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Pickering Energy Partners Announces Strategic Joint Venture with Henry Resources

HOUSTON, Texas (September 24, 2019) – Pickering Energy Partners (PEP), a Houston-based energy investment management firm, is pleased to announce a strategic joint venture with Henry Resources (Henry), one of the premier family-owned oil and gas operators in the Permian Basin. The joint venture will pursue acquisitions of producing oil and gas assets across the Permian Basin…
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Good Time to Be Putting Money to Work in Energy (Bloomberg)

Dan Pickering, the founder and CIO of Pickering Energy Partners, talks with Bloomberg’s Alix Steel about this week’s announcement that Perella Weinberg Partners LP’s asset manager spun off a business overseeing $700 million of energy funds run by Pickering. Watch the clip on Bloomberg.

Companies Look ‘Attractive’ at $50 Oil (Bloomberg)

Oil slumped as OPEC and its allies urged members to adhere to pledged production cuts and the International Energy Agency highlighted the difficulty the group faces in balancing the market. Oil has fallen more than 16% from its April peak as the prolonged U.S.-China trade spat has dented the outlook for global demand. Bloomberg’s Alix…
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Announcing the Launch of Pickering Energy Partners

HOUSTON, Texas (September 9, 2019) – Dan Pickering, former President of Tudor, Pickering, Holt & Company (TPH) and Chief Investment Officer of TPH Asset Management (a division of Perella Weinberg Partners Capital Management (PWPCM)), today announced the creation of Pickering Energy Partners LP (PEP) via a spin-out of all remaining energy asset management strategies of PWPCM. On behalf…
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