Public Capital
Public Capital , Shale Plays , Acquisitions & Divestitures
Pioneer Reportedly Targeting $2 Billion Sale of Delaware Basin Assets
Pioneer Natural Resources is pursuing the sale of its Delaware Basin assets with a target price of over $2 billion, according to a report citing two sources familiar with the matter.
Public Capital , Shale Plays
Diamondback Energy to Return 50% of Free Cash Flow to Shareholders
The follow-through by Diamondback Energy’s commitment of returning 50% of free cash flow to equity holders should drive the name higher, according to analysts with Tudor, Pickering, Holt & Co.
Public Capital , Shale Plays , Acquisitions & Divestitures
PHX Minerals Adds to Haynesville Position with Multiple Acquisitions
PHX Minerals agreed to acquire certain mineral and royalty interests totaling approximately 817 net royalty acres in East Texas and Louisiana targeting the Haynesville play through two separate transactions.
Public Capital , Shale Plays , Technology , Acquisitions & Divestitures
Basic Energy Services Names Bankruptcy Auction Winners Including Houston’s Ranger
Houston-based Ranger Energy Services beat out the original stalking-horse bidder for the acquisition of Basic’s well servicing and completion and remedial segment assets outside of California through a competitive bankruptcy auction process.
Public Capital , Energy Transition , Mergers
Renewable Gas Producer Archaea Surges in Debut After SPAC Deal
Archaea Energy went public by merging with the blank-check firm led by Daniel Rice, Rice Acquisition Corp., in a $1.15 billion deal.
Public Capital , Energy Transition
Chevron CEO Prefers Paying Dividend over Wind, Solar Investments
Investors can instead use dividend payments from Chevron to invest directly in renewable projects, CEO Mike Wirth said during a recent interview.
Public Capital , Health, Safety & Environment , Emissions , Energy Transition , Shale Plays
Major US Shale Producer Pioneer Natural Resources Sets Net-zero Target
Pioneer Natural Resources on Sept. 15 adopted a net-zero ambition by 2050 for both Scope 1 and Scope 2 emissions that the U.S. shale producer says builds on many key initiatives already underway.
Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers
Influential Proxy Advisory Firm Backs Cabot, Cimarex Shale Merger
Cabot Oil & Gas and Cimarex Energy shareholders are due to convene on Sept. 29 to vote on the potential merger, which was initially announced in May.
Public Capital , Private Equity , Investment , Shale Plays
As Oil-Well Backlog Shrinks, US Shale May Upset Investors and Drill More
U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging.
Public Capital , Shale Plays , Acquisitions & Divestitures
Evolution Petroleum Barnett Acquisition Boosts Dividend by 50%
Evolution Petroleum has paid a quarterly cash return to shareholders for nearly eight years, which CEO Jason Brown describes as a “remarkable achievement for an upstream independent energy company.”