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