South Coast will be hosting several meetings with Mewbourne Oil Company during the month of June highlighting investment strategies in the energy sector.
As is often the case with the energy sector, crude oil has been at the forefront of the news of late. For the last few years the story has centered on the global crude oil price plunge that started back in mid-2014, eventually bottoming out in January of 2016, falling to the lowest level in over a decade.
While scores of exploration and production companies went bankrupt and more than 200,000 American energy industry workers lost their jobs, some resourceful producers figured out how to slash costs and boost efficiency. Upstream, midstream and downstream, they adopted new technologies that enabled them to cope with much lower-priced oil.
President Donald Trump is also pushing ahead with his “energy dominance” agenda, aiming for the U.S. to become a net oil exporter over the next 10 years. Deputy energy secretary Dan Brouillette said recently the country is in the “midst of a historic energy revolution” that will gain the U.S. “complete energy security.”
Now, with oil back to $60 a barrel plus, production is surging, and the world has in some ways been turned upside down. As the IEA recently reported, the United States is on course to surpass Russia as the largest oil producer by 2019 after ousting Saudi Arabia from the #2 spot last year. Mewbourne Oil Company has tremendous insight into the space as the 6th largest private oil and gas producer in the country operating out of the Permian and Anadarko Basins of Texas, New Mexico, and Oklahoma.
Please RSVP by clicking the link below or by contacting Megan Proulx in the South Coast Office by phone (877) 922-7242 or by email.