The Patient Money: Billions of private-equity dollars have been committed to E&P start-ups and restarts to deploy in basins across the U.S. These E&P companies—one operator and one nonoperator—have zeroed in on the Anadarko Basin.
- Hal Chappelle, president and CEO of Alta Mesa Holdings LP; and
- Marc Rowland, founder and senior managing director of IOG Capital LP.
Daniel Rice, former CEO of Rice Energy who now sits on the EQT board, addressed the elephant in the room earlier this month at Hart Energy’s Energy Capital Conference.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Schlumberger has spent billions of dollars to take over managing customers' oil fields, in some cases becoming an investor in the fields, while seeking to profit from increased oil production.