Report: Supermajors Unlikely Acquirers of Distressed E&Ps
Years of M&A since the last downturn have produced suboptimal returns, which may lead oil and gas majors to focus on asset-level deals.
June 22, 2020
E&P Restructurings: On the Brink
As oil and gas companies face a hard-scrabble commodity price environment, E&Ps and participants in other industry sectors are already rushing to restructuring advisers in hopes of staving off cash flow calamities, unpaid debts and bankruptcies.
June 17, 2020
A&D Trends: Climate for Oil Deals at Historic Low
Negative oil futures aren’t the only drag on deals. History, replete with examples of how to deal with bad times, is being made right now.
June 1, 2020
E&P Company Turnaround: Rough Riders
Locked up in an MLP bankruptcy for nearly two years, Maverick Natural Resources has new management and a business model aimed at the relentless pursuit of free cash flow.
May 20, 2020
Diversified Gas & Oil Discloses Second Bolt-on Deal with EQT
Diversified Gas & Oil’s EQT bolt-on, and an earlier deal with Carbon Energy, add upstream and midstream Appalachia assets primarily in West Virginia and Pennsylvania.
May 13, 2020
A&D Trends: Oil Soaked
First-quarter M&A grinded out a mere $770 million in deals—about one-tenth of typical values—as oil and gas companies drowned in oversupply, according to an April report.
May 11, 2020
Lufkin Resurrected through Baker Hughes Sale
Baker Hughes agreed to sell the 118-year-old Lufin rod lift business it acquired through its merger with GE Oil & Gas.
May 7, 2020
The E&P Survival Guide
Amid a pandemic and a disastrously timed OPEC+ supply war, executives, analysts and consultants advise hedging strategies, keeping a close watch on markets and, potentially, rebuilding business plans from the ground up.
May 1, 2020
Diversified Gas & Oil Finally Wins Over Carbon with $110 Million Deal
Diversified Gas & Oil initially offered $165 million for Carbon Energy’s Appalachia conventional assets in February 2018.
April 28, 2020
Harold Hamm Asks Feds to Investigate WTI Price Meltdown
Harold Hamm, chairman and founder of Continental Resources, points to announcements made by the Chicago Mercantile Exchange preceding the 306% plunge in WTI on April 20.
April 22, 2020