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E&P Plus
EnCap Raises $1.2 Billion for Firm’s First Energy Transition Fund
EnCap Investments has already deployed capital from its first energy transition fund in five platform investments in the battery storage, distributed power and utility-scale solar and wind sectors.
Oil and Gas Investor’s Capital Formation: PE’s New Game
As the era of build-and-flip ends, private equity investors are keen to find ways to generate returns.
Oil and Gas Investor Cover Story: Misaligned Incentives
E&P executives find themselves under fire for pocketing large bonus payouts in recent years while shareholder equity values tanked, but blame it on a broken incentive model. Now, the rules are being rewritten for how executives are rewarded.
Oil and Gas Investor Executive Q&A with Penn Virginia: A Breath of Fresh Capital
A new majority owner and a new CEO energize pure-play Eagle Ford Shale operator Penn Virginia to catch its stride.
The Latest
Public Capital
Exxon Mobil Expects $200 Million in Charges for Job Cuts This Year
Exxon Mobil, the biggest U.S. oil producer, has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors.
May 5, 2021
Public Capital
Marathon Oil, Apache First-quarter Profit Beats Estimates
The swing to profit in the first quarter also comes as Marathon Oil and other shale producers slashed spending and production last year.
May 5, 2021
Business
Energy Transition Could Be Delayed by High Metal Prices, Warns IEA
Production of critical minerals needed for clean energy technologies was much more concentrated than in the oil market, the IEA says.
May 5, 2021
Influential Women
Women in Energy: Melinda Faust, Detring Energy Advisors
Today’s featured 25 Influential Women in Energy honoree is Melinda Faust, managing director at Detring Energy Advisors based in Houston.
May 5, 2021
Private Equity
EnCap Raises $1.2 Billion for Firm’s First Energy Transition Fund
EnCap Investments has already deployed capital from its first energy transition fund in five platform investments in the battery storage, distributed power and utility-scale solar and wind sectors.
May 5, 2021
Private Equity
Oil and Gas Investor’s Capital Formation: PE’s New Game
As the era of build-and-flip ends, private equity investors are keen to find ways to generate returns.
May 5, 2021
Public Capital
Pioneer Natural Resources More than Doubles Profit in First Quarter
Pioneer Natural Resources, which operates in the Permian Basin in West Texas, said that its total output was 474,000 boe/d in the first quarter, compared with 364,000 boe/d of production in fourth-quarter 2020.
May 4, 2021
Influential Women
Women in Energy: Jill Evanko, Chart Industries Inc.
Today’s featured 25 Influential Women in Energy honoree is Jill Evanko, president and CEO of Chart Industries Inc. based in Ball Ground, Ga.
May 4, 2021
Earnings
ConocoPhillips’ Profit Surpass Expectations as Travel Demand Boosts Oil Prices
ConocoPhillips said it sold its oil and gas for an average $45.36 per barrel during the quarter, 17% higher than the year-ago period.
May 4, 2021
Restructurings
Valaris Emerges from Bankruptcy, Appoints New Seven-Member Board
The Valaris Group has successfully completed its financial restructuring and emerged from chapter 11 on April 30.
May 4, 2021