The Latest

Business

Oil and Gas Investor A&D Trends: A&D Relapse

If dealmakers can get over the past year, with its misery as treacherous and deep as a river of mud, they may find a promising market in the months ahead.

April 16, 2021

Public Capital

Apache Gains $147 Million from Change in Natgas Hedging Before Texas Freeze

Analysts at Cowen & Co. boosted their earnings estimates for Apache due to better-realized pricing, notably in gas that “reflect greater exposure to daily pricing versus bid week.”

April 16, 2021

Public Capital

California Resources Appoints TJ Cepak as Board Chairman

The appointment of Tiffany “TJ” Thom Cepak as board chairman replaces Mark A. “Mac” McFarland, who was named as permanent president and CEO of California Resources last month.

April 16, 2021

Business

Golden Gate Capital Launches Infrastructure Platform, Buys Waterfield Midstream Assets

Stonehill Environmental Partners to provide water pipeline disposal and recycling infrastructure solutions.

April 16, 2021

Restructurings

E&P Bankruptcies on Simmer in First Quarter

In a sign of possible attrition, there were no billion-dollar bankruptcies filed in the first quarter by oil and gas producers in North America, which hasn’t happened since third-quarter 2018, according to Texas-based law firm Haynes and Boone.

April 16, 2021

Business

U.S. Well Services Files Lawsuit against Halliburton, Cimarex over E-frac Patent

The lawsuit alleges Halliburton’s all-electric fracturing fleet, currently deployed for Cimarex Energy, violates several of U.S. Well Services’ patents for electric pumps and pumping systems and monitoring and control systems.

April 16, 2021

Public Capital

Shale Giant EQT Seeks to Further ESG Certification for Natural Gas Production

Following completion of its certification pilot projects announced this year, EQT says it will be producing more certified gas than any other U.S. producer’s entire natural gas production.

April 15, 2021

Public Capital

Exxon Mobil, Activist Spend over $65 Million in Battle for Oil Giant’s Future

Exxon Mobil has out-gunned small activist hedge fund waging a proxy fight over board seats with spending the oil major expects will be about $35 million above its usual proxy solicitation costs, according to regulatory filings.

April 15, 2021

People

Talos Energy CEO Tim Duncan Selected as NOIA Chairman

NOIA confirmed Tim Duncan as well as Paul Danos in their positions as chairman and vice chairman, respectively, for the 2021-22 term during a virtual board of directors meeting on April 14.

April 15, 2021

Investment

Joe Biden’s Clean-up Plan for Orphaned Oil Wells Slammed

Critics accuse the $16 billion provision in Biden’s proposed infrastructure package to plug abandoned oil wells across the U.S. of being a bailout for the oil and gas industry.

April 15, 2021