As private equity fund managers assess the economic impact of COVID-19, developing reliable valuation processes and procedures for their oil and gas investments will ensure transparency to regulators and investors.
Investors can be lured back to oil and gas, but free cash flow has to be returned to shareholders and not sunk back into the ground, say panelists during Summer NAPE.
The transaction included roughly 4,800 net royalty acres (normalized to 1/8 royalty) located in North Louisiana, with production across the Haynesville Shale, Bossier Shale and Cotton Valley formations.
Unlike shareholders, management teams of U.S. shale oil companies have made money.
The acquisition of Templar Energy’s assets through a bankruptcy auction represents an expansion from the western Anadarko Basin, where Presidio Petroleum already has an established position, into Oklahoma’s STACK play.
In conjunction with the deal, Solaris Water Midstream’s sponsors and management also increased their capital commitments to support the continued expansion of the company’s infrastructure systems in the Permian Basin.
The Blackstone Group, through portfolio company Beacon Offshore Energy, is buying LLOG Exploration's 31% holding in the $250 million Shenandoah project in the Gulf of Mexico.
Private-equity companies and their mineral portfolios have been quick in their response to the dramatic slowdown of drilling activity in the shale patch.
Led by CEO Matt Steele, Bruin E&P Partners formed in 2015 with backing from Boston-based private equity firm ArcLight Capital Partners.
Alan Smith, president and CEO of Rockcliff Energy, explains the Haynesville Shale advantage and why that might be misunderstood by the investment community.