As 2023 unfolds, the oil and gas (O&G) industry is once again an attractive option for investors. The industry has faced challenges in recent years, including low prices and a lack of investment. However, recent disruptions in energy trade between Europe and Russia, coupled with a growing global demand for energy, have led to an expected increase in free cash flow for O&G companies this year. According to the International Energy Agency (IEA), global oil demand is set to rise by 1.9 million barrels per day in 2023, reaching a record high of 101.7 million barrels per day. This, along with the disruption of energy trade between Europe and Russia, creates an opportunity for O&G companies to capitalize on higher prices and increase their profits.
Investing in the O&G industry also provides dependable and cost-effective energy. While alternative energy sources such as solar and wind power are gaining popularity, fossil fuels continue to be the primary source of energy for the world's expanding population and economy. The abundance of oil and natural gas resources, along with relatively low emissions associated with their use, makes them an attractive option for many countries. Additionally, investing in domestic oil and gas production can help reduce a country's reliance on foreign energy sources, increasing energy security for both investors and the country's economy.
The Oil & Gas Asset Clearinghouse is well-positioned to assist with any acquisition and divestiture needs in the industry. With over 30 years of experience in connecting buyers and sellers, we have a proven track record of successful projects, including brokering more than 32,000 transactions totaling over $13.4 billion in sales, and covering over 500,000 properties. Our team offers private negotiated sales, live hybrid auctions, comprehensive data rooms, and an online auction platform for AFE (Authorization for Expenditure) for oil and gas projects. We invite you to take advantage of our upcoming live auctions and contact us for more information.