Opinion: How US Fracking Could Be an Unlikely Beneficiary of a ‘Blue Wave’
Optimism for the dry gas sector is bubbling up like methane in a Pennsylvania spring.
How to Raise Energy Capital in Tough Times
Energy companies will continue to use preferred stock as an alternative financing source to fund their existing operations and future capex.
Chaparral Energy Emerges from Bankruptcy as Private Operator
Chaparral Energy is now “better positioned to compete and will look to capitalize on future opportunities with an improved financial and cost structure,” says Chuck Duginski, CEO of the Oklahoma shale driller.
Shale Binge Has Spoiled US Reserves, Wil VanLoh Warns
U.S. oil production capacity is lower than believed, Quantum Energy Partners’ Wil VanLoh says describing it as the ‘dirty secret about shale.’
The Latest
Business
Opinion: Upstream Consolidations Gaining Steam?
Perhaps the long-expected wave of consolidations is finally happening in the upstream business. Here’s why certain ones may ultimately create value for their investors.
Earnings
Baker Hughes Posts Third Straight Quarterly Loss as Demand Still Hurt
Revenue from Baker Hughes’ oilfield services unit, which accounts for nearly 46% of its total sales, fell 31% to $2.31 billion in the third quarter.
Public Capital
Equinor Bids for Two Wind Power Projects Off US East Coast
Together the projects have the potential to power more than one million U.S. homes, with BP becoming a 50% non-operating partner.
Public Capital
Pioneer Natural Resources to Acquire Parsley Energy in All-stock Merger
The merger of the two shale producers, both Permian Basin pure-plays, follows a growing wave of consolidation, which Enverus’ Andrew Dittmar described as a “historic winnowing of U.S.-based independent E&P companies.”
Business
Exxon Mobil Denies Trump, CEO Spoke on the Phone
President’s remarks at his rally described hypothetical calls with oil executives.
Company Profiles
PATH FORWARD: Parker Drilling’s New CEO Talks OFS Opportunities, Optimism
Sandy Esslemont, president and CEO of Parker Drilling, stopped by Hart Energy to discuss his new position with the international drilling service provider and outlook on the oil and gas industry as a whole.
Public Capital
Pioneer Natural Resources Reportedly in Talks to Buy Parsley Energy
Pioneer and Parsley, both Permian pure-plays, are discussing an all-stock deal and could be completed by the end of the month if talks don’t fall apart, a report by the Wall Street Journal said citing people familiar with the matter.
Earnings
Halliburton Posts Fourth Straight Quarterly Loss as Oil Rout Drags Demand
Halliburton still beat analyst estimates earning 11 cents a share versus expectations of 8 cents per share.
Public Capital
ConocoPhillips to Buy Permian Shale Producer Concho Resources in All-stock Deal
Concho Resources’ chairman and CEO, Tim Leach, is set to join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president of Lower 48.
Business
Opinion: How US Fracking Could Be an Unlikely Beneficiary of a ‘Blue Wave’
Optimism for the dry gas sector is bubbling up like methane in a Pennsylvania spring.