We continue our interview series with Justin T. Stolte, partner at Gibson, Dunn & Crutcher LLP. Part two picks up by looking at what deals are getting done.
We have established the M&A transactions market is challenged but there are still deals happening. Stolte looks at what deals are proving to be beneficial for companies at this time.
"Water historically has been viewed as a nuisance for E&P companies and now, because there is so much produced water that E&Ps are having to deal with, it's really created a stand-alone business," said Stolte.
Related video: VIDEO SERIES: Challenges Ahead For M&A Transactions Market
2023-09-11 - Ovintiv said that NMB Stock Trust, which was issued the stock as part of a transaction, will receive all proceeds from the secondary offering.
2023-07-26 - Elephant Oil Corp.’s IPO follows the public offering of Trio Petroleum Corp., which is led by CEO Frank C. Ingriselli — who also serves as a director for Elephant Oil.
2023-07-11 - International Petroleum Corp. may repurchase more shares before the year ends.
2023-07-25 - Even with Kinder Morgan’s second quarter earnings falling short of forecasts due to lower commodity prices, the pipeline giant expects attractive returns on its backlog of $3.75 billion in future projects.
2023-07-21 - Valero Energy's $1.02 per share cash dividend will be payable on Sept. 5 to all shareholders of record as of Aug. 3.