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.
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.
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.
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.
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.
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.
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.
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.
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.
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.