Public Capital

Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers

Canada’s Cenovus to Buy Husky Energy As Pandemic Drives Oil Mergers

The combined company is expected to generate annual synergies of $1.2 billion and will operate as Cenovus Energy Inc with headquarters in Alberta.

October 25, 2020

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Permian Operator Laredo Petroleum Purchases Howard County Acreage

Laredo Petroleum remains “focused on executing similar, reasonably-priced bolt-on acquisitions around our core position in Howard County,” CEO Jason Pigott says.

October 23, 2020

Public Capital , People

Equinor CFO Lars Christian Bacher to Resign

Finance executive Svein Skeie will replace Lars Christian Bacher on Nov. 1 and will hold the CFO position until a permanent appointment is made.

October 23, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers

Shale Gas Producer EQT Reportedly Seeking to Buy CNX Resources

EQT had recently sent a takeover proposal to rival CNX Resources, a report said, adding that no final decision has been made.

October 22, 2020

Public Capital , Earnings , Midstream , Pipelines

Kinder Morgan Profit Falls as Pandemic Hits Energy Demand

Market conditions are weighing on a number of planned expansion projects, Kinder Morgan said, adding that they were not needed at least in the near term.

October 22, 2020

Business , Public Capital

Exxon Mobil ‘Very Close’ to Disclosing US, Canada Job Cuts

The job cuts are part of a plan unveiled this spring to redesign how Exxon Mobil works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce.

October 22, 2020

Public Capital , Renewables , Acquisitions & Divestitures

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.

October 20, 2020

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

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.”

October 20, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers

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.

October 20, 2020

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

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. 

October 19, 2020