Public Capital

Public Capital

Energy Firms Speed To Debt Markets After 2019 Drought

The dawn of the new decade has brought a reprieve for debt-laden companies in the energy sector: Investors are throwing money their way again, for now.

January 15, 2020

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

PDC Energy Completes $1.7 Billion All-stock Merger With SRC Energy

PDC now adds SRC Energy’s core area of operations in the Greater Wattenberg Field of the D-J Basin to its portfolio, which includes positions in the D-J and Permian basins.

January 14, 2020

Public Capital , Health, Safety & Environment

Energy Business Strategies: Composing The Board Of The Future

Creating the right board of directors could give value investors the confidence to get capital flowing back into the oil and gas industry.

January 14, 2020

Public Capital , Exploration & Production , Crude Oil , Shale Plays , Trends

Mark Papa: US Oil Growth To Slow, Likely Spurring Shale Buyouts

U.S. oil output growth is expected to slow over the next five years, likely prompting oil majors to "gobble up" smaller shale oil producers, Mark Papa told Reuters.

January 14, 2020

Public Capital , Exploration & Production

Encana Gets Shareholder Approval For Move To US

Encana, currently based in Calgary, Alberta, also plans to change its name to Ovintiv Inc. as part of its move out of Canada.

January 14, 2020

Public Capital , Exploration & Production

The Real Price Of Occidental Petroleum’s ‘Costless’ Oil Hedge

Occidental Petroleum characterized its hedging transaction as "costless" but a Reuters review of regulatory filings, market data and interviews shows that's not the whole story.

January 13, 2020

Public Capital , Earnings , Exploration & Production , Natural Gas , Shale Plays

EQT To Take Up To $1.8 Billion Charge Due To Low Gas Prices

U.S. natural gas producer EQT Corp. said Jan. 13 it would take a non-cash impairment charge of up to $1.8 billion in the fourth quarter driven by record low gas prices.

January 13, 2020

Public Capital , Exploration & Production , Shale Plays

Oklahoma Pure-play Chaparral Energy Regains NYSE Compliance

Chaparral Energy, an operator in Oklahoma’s Stack Play, said it has regained full compliance with NYSE listing standards after the average closing price of its shares fell below the $1 per share requirement.

January 13, 2020

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

Permian Operator Lilis Energy Receives Take-Private Offer

Värde Partners is proposing to acquire the roughly 75% of outstanding shares of Lilis Energy common stock it doesn’t already own in a cash merger transaction.

January 13, 2020

Public Capital

Saudi Aramco Raises IPO To Record $29.4 Billion

Saudi Aramco initially raised $25.6 billion, which was itself a record level, in its December IPO by selling 3 billion shares at 32 riyals (US$8.53) a share.

January 13, 2020