Public Capital

Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures

Laredo Petroleum Tacks On Another Permian Basin Acquisition

Similar to another acquisition made by Laredo Petroleum in the Permian Basin earlier this quarter, the bolt-on in Glasscock County, Texas, continues to shift the company’s production mix toward oil.

December 9, 2019

Public Capital , Exploration & Production , Shale Plays

Permian Operator Lilis Energy Notified Of Listing Deficiency

Lilis Energy is below compliance with the NYSE American stock exchange’s continued listing standards because its stock has been selling for “a low price per share for a substantial period of time.”

December 9, 2019

Public Capital , IPO

Saudi Aramco IPO Proceeds Reportedly Rise To $29.4 Billion

The proceeds from Saudi Aramco's record IPO have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel.

December 9, 2019

Public Capital , People , Deepwater

Tullow Oil CEO Resigns After Company Continues To Face Issues Offshore Ghana

Tullow Oil on Dec. 9 said its CEO Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its fields in Ghana.

December 9, 2019

Public Capital , People , Company Profiles , Acquisitions & Divestitures

Forty Under 40: Blake London, Credit Suisse

Today’s featured Forty Under 40 honoree is Blake London, who leads Credit Suisse’s energy equity capital markets division and was most recently involved in Brigham Minerals’ IPO.

December 3, 2019

IPO , Crude Oil

Saudi Arabia Wants OPEC+ To Deepen Oil Cuts Due To Aramco IPO

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.

December 2, 2019

IPO

Saudi Aramco IPO Gets $44.3 Billion In Bids So Far

Saudi Aramco has received bids for its shares totaling $44.3 billion so far, lead manager Samba Capital said on Nov. 29, putting its initial public offering on track to be over-subscribed.

November 29, 2019

Public Capital

Gulf State Investors Step In To Help Aramco Hit IPO Target

Saudi Arabia’s wealthy Gulf neighbors plan to invest in the IPO of Saudi Aramco, sources familiar with the matter said, helping out Riyadh as it strives to raise $25.6 billion from a domestic listing of the state oil giant.

November 27, 2019

Public Capital

Icahn, Occidental Face Off In Battle For Board

Activist investor Carl Icahn, who owns about 2.5% of the company’s stock, appears set on seizing control of the company by replacing its 10 board members.

November 26, 2019

IPO

Saudi Aramco Won't Breach Maximum Weight For Firms In Saudi Index: Report

Saudi Aramco's weighting in Saudi Arabia's main stock index once the oil giant has listed shares is not expected to breach the maximum limit set by the Gulf kingdom's Tadawul exchange, a senior executive said on Nov. 24.

November 24, 2019