The Latest

Public Capital

Pioneer Natural Resources Reportedly in Talks to Buy Parsley Energy

Pioneer and Parsley, both Permian pure-plays, are discussing an all-stock deal and could be completed by the end of the month if talks don’t fall apart, a report by the Wall Street Journal said citing people familiar with the matter.

October 20, 2020

Earnings

Halliburton Posts Fourth Straight Quarterly Loss as Oil Rout Drags Demand

Halliburton still beat analyst estimates earning 11 cents a share versus expectations of 8 cents per share.

October 19, 2020

Public Capital

ConocoPhillips to Buy Permian Shale Producer Concho Resources in All-stock Deal

Concho Resources’ chairman and CEO, Tim Leach, is set to join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president of Lower 48. 

October 19, 2020

Business

Opinion: How US Fracking Could Be an Unlikely Beneficiary of a ‘Blue Wave’

Optimism for the dry gas sector is bubbling up like methane in a Pennsylvania spring.

October 19, 2020

Restructurings

Calfrac Shareholders Approve Recapitalization Plan, Reject Wilks Brothers Bid

The debt-ridden oilfield services company, which rejected a hostile bid from Wilks Brothers last month, said most holders of its senior unsecured notes voted in favor of Calfrac's new plan.

October 19, 2020

People

Tachyus Names Fernando Gutierrez as New CEO

Tachyus, a provider of data-driven production optimization software to the oil and gas industry, has appointed former vice president of customer success Fernando Gutierrez to CEO on Oct. 15.

October 16, 2020

People

Borr Drilling Appoints Ex-Weatherford Exec Christoph Bausch as CFO

Borr Drilling Ltd. has appointed Christoph Bausch as its new CFO, replacing Francis Millet, effective from November 1, 2020. 

October 16, 2020

Earnings

Schlumberger Posts Third Straight Quarterly Loss as Oil Rout Hits Services Demand

Total revenue plunged 38% to $5.26 billion.

October 16, 2020

Business

How to Raise Energy Capital in Tough Times

Energy companies will continue to use preferred stock as an alternative financing source to fund their existing operations and future capex.

October 16, 2020

Business

US Oil Majors Pitch More Campaign Cash to Democrats as Frack Battle Looms

Chevron contributed roughly 28% of its political funds to Democratic candidates this cycle, from 26% in 2016, while Exxon Mobil sent 41% of its contributions to Democratic candidates and parties, up from 32.6%.

October 16, 2020