Public Capital

Public Capital , Exploration & Production

Denbury Resources Reportedly Hires Bank for Debt Advice

Plano, Texas-based Denbury Resources has tapped Evercore for advice on handling its debt, the sources said, stressing a debt restructuring is not imminent the oil and gas company.

April 9, 2020

Public Capital , Unconventional , Shale Plays

Marathon Oil Suspends Permian Drilling with Deeper Capex Cuts

Marathon Oil will continue work to optimize its development plans in the Bakken and Eagle Ford Shale, but now plan to take “frac holidays” in both plays during the second quarter, CEO Lee Tillman says.

April 8, 2020

Public Capital , Trends , Mergers

E&P Merger Analysis: Do M&A Synergies Materialize?

There’s a debate on the degree of synergies realized in M&A between oil and gas companies. Commodity volatility hasn’t helped.

April 7, 2020

Public Capital , Exploration & Production , Shale Plays

Shale Producer Continental Resources Suspends Dividend

With global oil demand estimated to have been impacted by 30% due to COVID-19, Continental Resources will continue “to take decisive action to maximize cash flow generation,” CEO Bill Berry says.

April 7, 2020

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

SandRidge Energy Names Carl Giesler CEO Amid Cost-saving Initiatives

Carl Giesler led the cost and operational turnaround of  Jones Energy, which led to the $201.5 million all-cash buyout of the Midcontinent-focused E&P company in January.

April 7, 2020

Public Capital , People , Shale Plays

Occidental Petroleum Names New CFO in Management Shakeup

Occidental Petroleum did not provide a reason for the leadership change but the CFO transition marks the second major management change at the oil and gas company in recent weeks.

April 6, 2020

Public Capital

Banks Contend with Deep Impact Post Oil Crash on E&P Borrowing

Both the COVID-19 pandemic and the oil price crash have had a deep impact on what E&Ps and their lenders expect compared to what they thought last fall, according to a Haynes and Boone report.

April 3, 2020

Public Capital , Completions , Pressure Pumping

Shale Service Providers Liberty, NCS Multistage Lay Off Workers

Liberty Oilfield Services is cutting its workforce by 7%, while NCS Multistage plans to plans to reduce its workforce by 20%, the oilfield service companies said April 2.

April 3, 2020

Public Capital , Influential Women , Shale Plays

Women in Energy: Brenda Schroer, Concho Resources

Today’s featured 25 Influential Women in Energy honoree is Brenda Schroer, senior vice president, CFO and treasurer of Midland, Texas-based Concho Resources Inc.

April 3, 2020

Public Capital

Equinor Raises $5 Billion Through Debt Offerings

“Equinor is in a strong position to handle market volatility and uncertainty,” CFO Lars Christian Bacher said in a statement on April 1.

April 2, 2020