Midstream Sector’s Möbius Strip
For years, the midstream sector has managed to stay strong in weak oil and gas markets, but the unforeseen impacts of COVID-19 and the OPEC+ oil price shock have had a deep impact.
September 18, 2020
Permian Basin Operator Approach Resources Hitches Saddle to New Buyer
Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.
September 17, 2020
US Shale: Meditations on the Revolution
Shale operators have plans to restart production. But with OPEC seemingly satisfied with $40 oil prices, U.S. producers are facing the prospect of becoming ‘zombie companies’—all dressed up but with nowhere to drill.
September 2, 2020
SandRidge Energy Sells Brick and Mortar Assets for $35 Million
The Oklahoma City-based oil and gas company, which suffered a brutal bankruptcy in 2016, said the deal will keep the specter of Chapter 11 at bay.
September 1, 2020
Oil Industry Workforce Challenges: Strategic Withdrawal
With historic drops in oil price, mass layoffs and the likelihood of prolonged recovery, some wonder how the industry will regroup as demand recovers.
August 27, 2020
Oil and Gas Financing: Back to the Bootstraps
Investors can be lured back to oil and gas, but free cash flow has to be returned to shareholders and not sunk back into the ground, say panelists during Summer NAPE.
August 25, 2020
A&D Trends: Oil and Gas Dealdrums
The remainder of the year’s deals will likely involve gas assets (while prices are good) and could come to include the low cost supply areas in the Texas and Louisiana Haynesville. Barring a miraculous rally, oil looks likely to remain the New Coke of commodities.
August 12, 2020
Buffalo Bills Owners’ Blank-check Company Raises $300 Million
Terrence M. Pegula joins other NFL owners, most notably Dallas Cowboys owner Jerry Jones, in making large new investments during a stagnant time for the oil and gas industry.
August 7, 2020
Devon Energy Aims to Clinch Early Barnett Exit
Devon Energy’s Barnett Shale exit, a deal potentially worth up to $830 million, will now close at the beginning of October rather than the end of the year.
August 4, 2020
Tokyo Gas Takes First Majority Stake in US Shale Producer
Tokyo Gas will pay about $620 million as it increases its ownership in Castleton Resources, a U.S. shale gas operator focused on being a consolidator of E&P assets in the Ark-La-Tex region.
July 30, 2020