Public Capital

Business , Public Capital , Private Equity , Markets , Technology , Trends

PATH FORWARD: Opportune’s David Baggett on Survival Tactics for Oil Downturn

David Baggett, founder and managing partner of Opportune, says oil and gas companies are focused on short-term survival and lowering costs, which can already be seen by massive capex cuts among producers and the historic plunge in rig counts.

May 26, 2020

Public Capital , Investment , Energy Capital Conference , Shale Plays , Mergers

Sustained Outperformance Needed from Public E&Ps

Before the coronavirus pandemic and the oil price war, public investors had already thrown down the gauntlet to E&Ps. Companies, arguably, were learning to adapt, and they must keep doing so to access public capital in the new environment.

May 22, 2020

Public Capital , People

ConocoPhillips CFO to Retire in August after Nearly 40-year Career

In conjunction with the retirement of CFO Don E. Wallette Jr., ConocoPhillips also said William (Bill) L. Bullock Jr. had been named as Wallette’s replacement.

May 21, 2020

Public Capital , Technology

Halliburton Slashes Dividend by 75% in Latest Move to Save Cash

Halliburton and larger rivals Schlumberger Ltd. and Baker Hughes Co. posted losses for the first quarter, owing to heavy writedowns on assets on the back of low oil prices.

May 21, 2020

Public Capital , Shale Plays

Diamondback Energy Prices $500 Million Debt Offering

Proceeds will be used to fund a cash tender offer that commenced May 18 for the purchase of notes Diamondback Energy acquired through its merger with Energen in 2018.

May 19, 2020

Public Capital , Subsea

DOF and DOF Subsea Reach Debt Standstill Deals

DOF ASA and DOF Subsea AS have entered into suspension agreements with, or received similar concessions from, secured lenders representing 93% of the secured debt of companies within the DOF Group comprised by the suspension agreements, the company said on May 15. 

May 19, 2020

Public Capital , Exploration & Production , Acquisitions & Divestitures

Total Calls Off Acquisition of Occidental Petroleum’s Ghana Asset

The deal was part of an $8.8 billion agreement reached between Total and Occidental to over Anadarko Petroleum's assets in Mozambique, Ghana, Algeria, and South Africa.

May 18, 2020

Public Capital , People , Shale Plays

Laredo Petroleum Names Bill Albrecht as Independent Chairman

William (Bill) Albrecht succeeds Laredo Petroleum’s founder, Randy Foutch, who decided to not stand for re-election to the board.

May 18, 2020

Restructurings , Public Capital , Private Equity , Investment , Shale Plays

Capital Alternatives: Upstream Financing Reconsidered

Even to just survive, E&Ps increasingly must look beyond traditional sources of capital to fund their operations. Here are some other financial structures on the rise.

May 18, 2020

Public Capital , Shale Plays

Laredo Petroleum Board Approves Reverse Stock Split

Other U.S. shale producers have taken similar measures this year in hopes of boosting its share price to avoid delisting, including Callon Petroleum and Chesapeake Energy.

May 15, 2020