Riviera will continue to focus on monetizing assets from the multibasin portfolio it inherited from its spinoff from Linn Energy last year, CEO David Rottino says.
Tough times ahead for oil and gas investors as a shale glut, growth fears and tougher ESG standards weigh on producers.
Panhandle Oil and Gas has “significant potential” to participate in the active consolidation of minerals, says Chad Stephens, the company’s interim CEO.
TechnipFMC determined the spinoff was in the best interest of the company and all of its stakeholders after a comprehensive review, says CEO Doug Pferdehirt.
PDC is set to become the second-largest producer in the D-J Basin through its acquisition of SRC Energy and will also remain committed to its Permian position.
Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”
Houston-based Kinder Morgan is cashing in its Canadian affiliate plus ownership in the Cochin pipeline through asset sales to Pembina Pipeline worth roughly $2.5 billion.
Earthstone Energy CEO Frank Lodzinski urged attendees of a recent industry luncheon in downtown Houston to “bring us deals” as the company looks to continue its growth story.