Regaining investor trust–and access to their cash–is on the horizon as the E&P sector returns record profits to investors, a panel of experts said during Hart Energy’s SUPER DUG conference.
The Colorado-based Ovintiv plans to use the net proceeds to acquire a portion of Midland Basin E&Ps.
NextEra Energy Partners will first launch a process to sell its Eagle Ford assets in 2023 and its Pennsylvania assets in 2025, John Ketchum, NextEra’s chairman, president and CEO said.
The aggregate total of Northern Oil and Gas' new senior notes will be $450 million.
Equinor ASA’s E&P unit in the U.S. reported a 5% rise in production in the first quarter of 2023 compared to the same quarter a year ago thanks to higher volumes from the Gulf of Mexico and Appalachian Basin.
Haynes Boone’s new oil and gas price decks show banks projecting natural gas prices 36% lower than predicted in the fall — values that will affect reserve-based lending.
Canada’s Baytex Energy Corp. moved a step closer toward finalizing its purchase of Ranger Oil Corp. with the closing of its private offering of $800 million aggregate principal amount of senior unsecured notes.
A March survey of nearly 100 leaders in oil and gas suggest a growing belief among lenders and producers that it is harder to borrow money.