Public Capital

Public Capital , International

Norwegian Energy Group Equinor Completes Russia Exit

Equinor’s announcement marks the first full, orderly exit from Russia by an international oil and gas company as pressure to leave mounts on others, such as TotalEnergies and Exxon Mobil.

September 2, 2022

Public Capital , People

Shell CEO Ben van Beurden Reportedly Prepares to Step Down Next Year

Shell's board succession committee has met several times in recent months to draw up plans for CEO Ben van Beurden’s departure and interview potential successors to the 64-year-old Dutchman, the sources said.

September 2, 2022

Public Capital , Shale Plays , Mergers

Permian Resources Corp. Debuts Upon Closing of Centennial, Colgate Merger

Newly formed Permian Resources is the largest pure-play E&P company in the Delaware Basin with roughly 180,000 net acres across southeastern New Mexico and West Texas.

September 1, 2022

Public Capital , Unconventional , Shale Plays

Chesapeake Rocks a Returns Runway: C-suite Chat with CEO Nick Dell’Osso

You can probably call it a comeback—for both natural gas and the company that pioneered the shale drilling of it. The second quarter showed that Chesapeake Energy Corp. is making good on its pledges to return cash to shareholders, green up its production and exit the oil side of the industry. And as Russia’s war on Ukraine flips the narrative on energy security and access to natural gas in Europe, Chesapeake’s timing is on schedule.

September 1, 2022

Public Capital , Shale Plays , Trends

Devon Energy’s Gaspar on Consolidation: Everyone is Expendable, Including Him

With $2.6 billion in acquisitions this year, Devon Energy has made its first expansions since Devon and WPX merged in January 2021. Still, COO Clay Gaspar said the industry remains “fractured.”

August 26, 2022

Public Capital , Acquisitions & Divestitures , Midstream

Diamondback Energy Completes $575.2 Million Merger with Rattler Midstream

Diamondback Energy announced the agreement in May to acquire all the publicly held common units it doesn’t already own in Rattler Midstream, roughly three years after Diamondback took its midstream subsidiary public.

August 24, 2022

Public Capital , Emissions , ESG

ESG Disclosures: SEC Proposed Rules an Opportunity

Here’s how PwC’s Reid Morrison advises oil and gas producers prepare for new ESG reporting requirements proposed by the SEC.

August 23, 2022

Public Capital , International

ConocoPhillips Approved to Enforce $8.5 Billion Venezuela Award

A U.S. federal judge recently gave approval to ConocoPhillips to enforce a multibillion-dollar arbitral award against Venezuela for assets expropriated during the government of late Venezuelan President Hugo Chavez.

August 22, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Warren Buffett Gets FERC OK to Buy Half of Occidental’s shares

Warren Buffett’s Berkshire Hathaway has acquired about 20% of Houston-based Occidental Petroleum’s shares this year already.

August 19, 2022

Public Capital , People , Technology

Piper Sandler Adds OFS Analyst Luke Lemoine as Managing Director

Luke Lemoine joins Piper Sandler from Capital One Securities where he worked as a managing director for 17 years covering the oilfield services sector in equity research.

August 18, 2022