Public Capital

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

Public Capital , Exploration & Production , Shale Plays

Southwestern Energy Brightens Outlook With Financial Update

Southwestern Energy strengthened its ‘financial resilience’ as the Appalachia shale producer continues to face a low price environment.

October 10, 2019

Public Capital , People , Technology

ProPetro Unveils Management Shakeup After Accounting Probe

Oilfield services firm ProPetro Holding on Oct. 9 shuffled its top executives amid an internal investigation into equipment purchases and expense reimbursements.

October 10, 2019

Public Capital , Exploration & Production , Technology

Halliburton Cutting 650 Jobs As Oilfield Business Slows

U.S. oilfield services firm Halliburton on Oct. 9 said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity.

October 9, 2019

Public Capital , Exploration & Production , Acquisitions & Divestitures

Exxon Mobil Reportedly Targeting Multibillion-dollar Malaysia Asset Sale

The Exxon Mobil Malaysian assets, which include stakes in two large fields, are expected to fetch up to $3 billion, Reuters reported citing unnamed sources.

October 9, 2019