Caught in a cutthroat competition, oilfield service companies are pitted against one another for business, E&Ps are taking advantage of an oversupplied market and a recognized-need for consolidation is crawling along.
A majority of midstream deals are now orchestrated by private-equity buyers, and some public companies are getting big money offers to abandon their ticker symbols and go private.
Is oil and gas investing the new yachting for the super-wealthy?
Spur Energy Partners struggled to close deals even in a dead A&D market but still plans to spend hundreds of millions more to consolidate in the Permian’s Northwest Shelf.
Recent deals with Exxon Mobil and BP suggest that major oil companies trust Talos’ judgment and skill as an operator in the Gulf of Mexico, an analyst says.
The White Star Petroleum acquisition is the second focused on Oklahoma this year by Contango Oil & Gas, which currently operates in the Permian, Wyoming and U.S. Gulf.
The merger of Roan Resources with Citizen Energy may portend future take-private offers for public companies that have largely been scorned by the public market.
President Donald Trump’s proposal to buy Greenland has been a great distraction for the current dissatisfying upstream M&A market.
Harold Hamm has taken on many challenges, including lifting the oil export ban and proving the viability of the Bakken, but his latest may be his most daunting: explaining Trump.
The A&D market still has a large toolbox from which to crank deals, but more often it seems to be pulling out standard wrenches when a metric socket would be better suited.
