The Pennsylvania attorney general charged Coterra Energy in 2020 after a grand jury investigation showed that drilling unconventional gas wells by the company had been responsible for methane pollution in the local water supply.
Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.
The British company’s U.S. boss Dave Lawler says Biden’s Inflation Reduction Act has put the oil major’s green plans on “steroids.”
Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.
The company, which also has assets in the Marcellus, has an integrated approach that includes upstream, midstream, power generation and carbon capture business lines.
Diamondback, Marathon Oil and Devon have dominated second-half M&A thanks to higher EBITDA multiples and yields than smaller E&P competitors can offer.
Diamondback Energy’s president and CFO, Kaes Van’t Hof, spoke to Hart Energy about the return of the “mythical generalist investor” plus what’s next for the Permian company after closing its recent $1.6 billion acquisition.
"I think when companies make more profits, they expect to pay more taxes, and that's exactly what we are doing," BP U.K. head Louise Kingham said at the Reuters Energy Transition Europe 2022 event.
Baker Botts shared how going private could be better for E&P companies that don’t want to disclose ESG metrics with investors, consumers and the U.S. Securities and Exchange Commission.
Shares drop following reports that U.S. hedge fund Muddy Waters had taken a short position on the Alaska-focused E&P company.