Public Capital
Public Capital , Acquisitions & Divestitures , Pipelines
Kinder Morgan Scores Roughly $2.5 Billion Asset Sale
Houston-based Kinder Morgan is cashing in its Canadian affiliate plus ownership in the Cochin pipeline through asset sales to Pembina Pipeline worth roughly $2.5 billion.
Public Capital , Pressure Pumping , Acquisitions & Divestitures
Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside
Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Earthstone Energy CEO Actively Looking To Be Permian Consolidator
Earthstone Energy CEO Frank Lodzinski urged attendees of a recent industry luncheon in downtown Houston to “bring us deals” as the company looks to continue its growth story.
Public Capital , Acquisitions & Divestitures , Pipelines
Martin Midstream Divests East Texas Pipeline Idle Since 2018
The divestiture of the East Texas Pipeline follows a strategy set forth by Martin Midstream last year to delever the balance sheet and simplify its portfolio through noncore asset sales.
Public Capital , Exploration & Production , Shale Plays , Mergers
Occidental CFO Talks Anadarko Saga, Rebuffs Sheffield Criticism
Anadarko Petroleum was the only corporate deal Occidental Petroleum considered since the company’s current leadership has been in place, says CFO Cedric Burgher.
Public Capital , Midstream
Natural Gas Services Group Launches $10 Million Share Buyback
Natural Gas Services Group, based in Midland, Texas, said it plans to finance the share buyback program with existing liquidity and free cash flow.
Restructurings , Public Capital , Unconventional , Shale Plays
Sanchez Energy Files For Chapter 11 Bankruptcy Protection
The independent E&P focused on the Eagle Ford joins a growing list of companies filing bankruptcy.
Public Capital , Trends
E&P Investment Banking: Aiming At Narrow Targets
With sharply lower activity in equity and debt issuance, bankers look to niche markets and M&A.
Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures
Pioneer Takes Aim At High-Grading Prized Permian Basin Position
Pioneer Natural Resources recently divested a small slice of its acreage position in the Midland Basin, which CEO Scott Sheffield said will be the lone survivor of the U.S. shale boom.
Public Capital , Exploration & Production , Shale Plays , Mergers
Occidental Completes Anadarko Petroleum Acquisition
Rivals, Occidental and Anadarko Petroleum, had agreed to the transaction, valued at $55 billion (including debt), in May following a bidding war with Chevron.