The Latest

Public Capital

Oil Major Chevron Invests in Nuclear Fusion Startup

Chevron Corp. said Aug. 12 it is investing in Zap Energy Inc., joining other oil majors who have also backed nuclear fusion startups to reduce their carbon footprint.

August 13, 2020

Public Capital

Southwestern Energy Builds Position with Montage Resources Deal

The transaction, expected to close in the fourth quarter, would make Southwestern the third largest producer in Appalachia.

August 12, 2020

Company Profiles

PATH FORWARD: WPX Energy’s Clay Gaspar Talks Permian Outlook, ESG, Tech

Clay Gaspar, president and COO at WPX Energy, sat down with Hart Energy’s Jessica Morales for an in-depth look at the shale producer’s outlook for the Permian and Williston basins along with the importance of ESG.

August 12, 2020

Investment

Mexico President Reportedly Plans to Execute Energy Vision by Late September

Mexico's president Andres Manuel Lopez Obrador has given officials until late September to craft a plan to reassert state control over the energy industry, according to three people familiar with the matter.

August 12, 2020

Restructurings

US Energy Bankruptcies Surge Continues on Credit, Oil-price Squeeze

Last month, oil and gas producers California Resources and Denbury Resources both filed for Chapter 11 bankruptcy. Together, those firms combined account for $7.7 billion in debt.

August 12, 2020

Public Capital

Chevron Pursued Deal for Noble Energy’s Mediterranean Gas Fields Last Year

Chevron Corp. last year proposed to acquire a stake of at least 50% in Noble Energy's Eastern Mediterranean natural-gas fields, talks that led to July's all-stock deal.

August 11, 2020

Public Capital

Antero Resources Nears 2020 Divestiture Target with $220 Million Asset Sale

Antero Resources’ latest asset sale is a volumetric production payment transaction comprised of dry gas producing properties in West Virginia with a seven-year term ending 2027.

August 11, 2020

Public Capital

Occidental to Cut Debt Before Boosting Oil Production, CEO Vicki Hollub Says

Occidental is restarting some activity in the Permian Basin and Gulf of Mexico, but its focus is to "ensure that we have the liquidity to go forward so we have the ability to meet our maturities," CEO Vicki Hollub says.

August 11, 2020

Public Capital

Saudi Aramco’s $75 Billion Dividend Dilemma

Months after the world’s biggest IPO, Saudi Aramco is finding it harder to pay shareholders.

August 11, 2020

Restructurings

E&P Bankruptcies Bring Renewed Focus on Fresh-start Valuation

Now is the time for oil and gas companies emerging from Chapter 11 bankruptcy to adequately address their associated fresh-start reporting and valuation considerations.

August 11, 2020