Public Capital

Public Capital , Shale Plays , Acquisitions & Divestitures

Range Resources Tacks On Another Multimillion-dollar Royalty Sale

Range Resources revealed another royalty sale on Oct. 21 that brings total asset sales by the Appalachia shale producer to more than $1 billion.

October 21, 2019

Public Capital , Technology

McDermott Enters Agreement Worth Up To $1.7 Billion Of New Financing

McDermott International said Oct. 21 it has entered into an agreement with certain of its secured lenders under which the company will have access to up to $1.7 billion of additional financing.

October 21, 2019

Public Capital , Midstream

Stocks To Watch: Midstream Bruised But Big Potential

Cheap metrics and simpler structures mean midstream names offer attractive total returns.

October 18, 2019

Public Capital , Company Profiles , Shale Plays , Technology

Baker Hughes Reveals Face-lift Following GE Divestment

After a brief stint as Baker Hughes, a GE company, the oilfield services company with a history dating over a century will now be known as Baker Hughes Co.

October 17, 2019

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

Apache Looks To Narrow Permian Portfolio With Eastern Shelf Exit

Apache, one of the largest operators in the Permian Basin, is looking to narrow its footprint in the basin through a full exit from the Eastern Shelf.

October 16, 2019

Public Capital , Acquisitions & Divestitures

Whiting Petroleum In Deal Talks With Abraxas Petroleum: Sources

Whiting Petroleum, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum, two people familiar with the matter told Reuters.

October 14, 2019

Public Capital

On The Money: Raking Through The E&P Wreckage

E&Ps’ focus is on reducing costs, lowering FCF breakevens, bolstering balance sheets, lengthening liquidity runways and returning cash to investors through dividends and share buybacks, one investment banking firm says.

October 14, 2019

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

Parsley To Acquire Jagged Peak In $2.3 Billion All-Stock Transaction

The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.

October 14, 2019

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

BP Warns Of Multibillion-Dollar Third-Quarter Charges

BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.

October 11, 2019

Public Capital

Diamondback Energy’s Viper Prices Upsized $500 Million Debt Offering

Viper Energy Partners, the acquisition machine of Diamondback Energy in the minerals space, had originally launched the offer for $400 million on notes on Oct. 7.

October 11, 2019