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.

September 17, 2021

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.

September 17, 2021

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.

September 17, 2021

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.

September 17, 2021

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.

September 17, 2021

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.

September 16, 2021

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.

September 15, 2021

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.

September 14, 2021

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.

September 14, 2021

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.”

September 13, 2021