Public Capital

Public Capital , Trends

OGI At Closing: Needed—Lazy Capex, Some M&A

Will consolidation, scale and slower growth be truly what it takes to attain profitability and free cash flow and grab investor attention?

August 30, 2019

Public Capital , Exploration & Production , Acquisitions & Divestitures

Riviera Resources To Exit Hugoton Basin In $295 Million Sale

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.

August 28, 2019

Public Capital , Exploration & Production , Shale Plays

Why US Energy Investors Are Experiencing A Crisis Of Faith

Tough times ahead for oil and gas investors as a shale glut, growth fears and tougher ESG standards weigh on producers.

August 28, 2019

Public Capital , People , Exploration & Production , Acquisitions & Divestitures

Panhandle Oil And Gas CEO Steps Down Amid Minerals Push

Panhandle Oil and Gas has “significant potential” to participate in the active consolidation of minerals, says Chad Stephens, the company’s interim CEO.

August 27, 2019

Public Capital , Technology , Acquisitions & Divestitures

TechnipFMC To Form Two Independent Companies Through Spinoff

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.

August 26, 2019

Public Capital , Crude Oil

On The Money: E&P Sector Risk-On, Or Risk-Off?

With an ongoing emphasis on capital discipline—and a drive to generate FCF—will the U.S. E&P sector moderate its production growth?

August 26, 2019

Public Capital , Exploration & Production , Shale Plays , Mergers

PDC, SRC Energy To Combine In $1.7 Billion All-Stock Merger

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.

August 26, 2019

Public Capital , Pressure Pumping , Acquisitions & Divestitures

Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside

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.”

August 23, 2019

Public Capital , Acquisitions & Divestitures , Pipelines

Kinder Morgan Scores Roughly $2.5 Billion Asset Sale

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.

August 21, 2019

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

Earthstone Energy CEO Actively Looking To Be Permian Consolidator

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.

August 20, 2019