Oil and Gas Investor Magazine - March 2019
As Leslie Haines, executive editor-at-large, shares back in the day the industry was all about spending more capital but now that has all changed. Now, the next wave seems to be about determining how much maintenance capex is needed to keep the decline rate flat and therefore, extend the timeline to drill out the inventory. This issue of Oil and Gas Investor focuses on these practices by private buyers particularly in the Marcellus and Utica basins.
Also in this issue:
- Acquisitive E&Ps backed by powerful private equity seek more production, and more profits.
- Today’s non-ops go the extra mile to ensure the latest data for investing in wells and
- Forces within the energy sector compete for dominance.
Acquisitive E&Ps backed by powerful private equity seek more production, and more profits.
Splashy mergers worth billions dominated the talk, but many companies spent 2018 playing it safe as E&P executives fretted over trade, interest rates, demand for oil, how to please investors and how long better times would last.
The middle class of E&P companies is shrinking as consolidators target companies valued between $3- and $10 billion, leaving dozens of lesser-valued companies to sweat as access to public equity markets remains blocked and oil prices recede.
The chairman and CEO of Anadarko Petroleum Corp. weighs in on the Permian, LNG, investor sentiment, politically motivated barrels and why he is not worried.
Stacked-pay basins present both opportunity and challenge when evaluating the most economic variations of development. Three companies active in the Scoop play in the southern Anadarko Basin reveal their current full-field development strategies.
Two leading data providers tell a tale of woe for energy capital availability, but one credit analyst sees rays of hope ahead.
A D-J Basin veteran’s start-up will apply horizontal drilling to the Mancos Shale on assets acquired from Encana Corp. in the San Juan Basin.
Today’s nonop E&P teams go the extra mile to ensure the latest data for investing in oil and gas wells and future inventory.
In 2018, oil production in Argentina reached nearly 500,000 barrels per day (bbl/d), up 2% from 2017 and halting a multiyear decline.
The beginning of February brought a sense of just how off-kilter 2019 is setting out to be.
The tight formation revolution rewarded technically skilled managerial teams. Now Wall Street’s demand for shareholder-friendly free cash flow presages a different business philosophy.
From the Editor-in-Chief
Mike Grimm, president of Rising Star Petroleum, reflects on one of the biggest upstream oil and gas deals in 2018.