Chris Atherton, president of EnergyNet.com, outlines how low commodity prices are impacting the oil and gas transactions market, including regional shifts in the deal volume, sobriety in the bid-ask spread and greater concentration on PDP for valuation. Atherton outlines potential opportunities as operators unload noncore assets and nonoperated interests to concentrate on core holdings.
Negotiations with three companies includes joint operation of a crude pipeline from Houston to Corpus Christi.
Fluor Corp.’s board of directors has confirmed the appointment of Carlos M. Hernandez as CEO and named him a member of the board of the company on May 16.
Shareholder advisory group ISS was, however, concerned about the potential impact on PDC if CEO Bart Brookman were to be removed from the board, said activist investor Kimmeridge.