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.

August 21, 2019

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.”

August 20, 2019

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.

August 20, 2019

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.

August 13, 2019

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.

August 13, 2019

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.

August 13, 2019

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.

August 12, 2019

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.

August 12, 2019

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.

August 8, 2019

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.

August 8, 2019