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• Exxon Seeks Buyers for Portion of Assets in North Dakota's Bakken Shale
  Top U.S. oil producer ...
  Top U.S. oil producer Exxon Mobil Corp. told Reuters on Oct. 15 that it plans to sell a portion of its assets in North Dakota's Bakken Shale formation.
  
  Following a wave of megamergers in U.S. shale patches, oil producers are reviewing their portfolios to decide which assets remain core to their strategy and which to divest.
  
  "ExxonMobil is exploring market interest for select assets in the Bakken Shale Play, which includes approximately 137 operated wells and 676 non-operated and royalty wells across 49,000 net acres in North Dakota", a company spokesperson said in response to Reuters questions.
  
  Two sources told Reuters that the planned sale could fetch upwards of $500 million. They said it was part of Exxon's efforts to focus on assets with the highest growth potential after a $60 billion takeover of rival Pioneer Natural Resources in May.
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• Midcon, Rockies Drilling Activity Keeps Declining in 3Q—KC Fed
  According to the third-quarter Kansas City Fed Energy Survey, E&Ps in the Midcon and Rockies need...
  According to the third-quarter Kansas City Fed Energy Survey, E&Ps in the Midcon and Rockies need to see a healthy increase in oil and natural gas prices to substantially increase drilling activity.
  
  The Kansas City Fed said in a third-quarter energy survey that drilling and business activity continued to decline for producers in the Tenth District, which includes Kansas, Colorado, Nebraska, Oklahoma, Wyoming, the northern half of New Mexico, and the western third of Missouri.
  
  It was the seventh consecutive quarterly decline in Tenth District drilling and business activity.
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• Post Oak Backs Third E&P: Tiburon Captures Liquids-rich Utica Deal
  Post Oak Energy Capital is continuing to roll out new portfolio companies...
  Post Oak Energy Capital is continuing to roll out new portfolio companies across the Lower 48—including the Permian Basin and Haynesville Shale—with its latest move on Oct. 15 backing Utica liquids player Tiburon Oil & Gas Partners.
  
  Since September, Post Oak Energy Capital has backed new portfolio companies in the Permian Basin and Haynesville Shale and made an equity commitment to Utica Shale E&P Tiburon Oil & Gas Partners.
  

  
  
  Tiburon closed on an initial acquisition of leasehold in the liquids-rich portion of the Utica Shale in Ohio in conjunction with the equity backing by Post Oak, along with commitments from Tiburon’s management team and other investors.
  
  Post Oak has recently backed several teams, most recently committing equity behind Delaware Basin-focused Ichthys Energy Partners. Ichthys has not yet made an acquisition. In September, Post Oak also backed Quantent Energy Partners LLC, which completed an initial acquisition of natural gas assets in the Haynesville Shale.
  
  
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• Goldman Sachs’ profit jumped 45% in monster quarter
  The investment bank made $3 billion of profit on revenue of nearly $13...
  The investment bank made $3 billion of profit on revenue of nearly $13 billion in Q3, it reported yesterday, surpassing even the rosiest of expectations. Bloomberg reported that it was the best quarter ever for Goldman’s stock trading unit, putting the group on track for a record year. And it wasn’t just Goldman: Bank of America, Citigroup, and JPMorgan Chase all beat forecasts, largely thanks to gains in trading revenue. Executives credited optimism around the US economy, along with the Fed’s interest rate cuts being likely to encourage more dealmaking.
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• ☕️What Else is Brewing Wednesday Morning
  US tells Israel to let more aid trucks into Gaza. In...
  US tells Israel to let more aid trucks into Gaza. In a letter to the Israeli government sent this week, the Biden administration said Israel has to “reverse the downward humanitarian trajectory” in Gaza or risk losing US military aid. US leaders warned of “implications” for future weapons supplied to Israel if the country doesn’t boost aid truck crossings in Gaza and facilitate other aid, including allowing the Red Cross to visit Palestinian detainees in Israel who are reportedly being abused. The US gave Israel 30 days to stop obstructing aid crossings and “demonstrate a sustained commitment” to halting the humanitarian crisis. Following two weeks with no aid truck crossings, some US officials fear that many people in northern Gaza could die of starvation within the week.
  
  Boeing is reportedly looking to raise up to $25 billion by selling stocks and bonds to help it survive the ongoing machinist strike and production issues.
  
  Instagram rolled out a new feature that allows users to share what are essentially digital business cards, TechCrunch reported.
  
  Australia plans to ban dynamic pricing, aka ticket prices that change with demand, with Prime Minister Anthony Albanese calling it a “dodgy” practice.
  
  Mark Robinson, the Republican lieutenant governor of North Carolina who’s running to be the state’s governor, is suing CNN over an article it published linking him to extreme and bizarre comments on a porn site, alleging that he didn’t make the comments.
  
  BOS Nations FC will be the unusual name for Boston’s new pro women’s soccer team.
  
  
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