Oil and Gas Investor Magazine - March 2021
Headwinds push smaller operators toward consolidation.
In this issue:
E&P executives are restless, and they’re going mano a mano for market share. Will it manifest in consolidation? Where to next for the sellers? For some, it’s a new land rush: energy transition.
Twice the Liberty
Colorado's D-J Basin Settles In
SPECIAL PURPOSE ACQUISITION COMPANIES:
The Great SPAC Comeback
RIG MARKET TRENDS:
A Cautious Rigging Up
A&D MARKET UPDATE:
A New Breed of Buyer
It’s not the Keynes kind; it’s the Jack London kind. E&P executives are restless, according to a Dallas Fed survey, and they’re going mano a mano for market share. Will it manifest in consolidation? Where to next for the sellers? For some, it’s a new land rush: energy transition.
A stabilizing and upward trending oil price should support A&D transactions in 2021, fueled by M&A pushing assets into play. And a surprising amount of capital is hunting in the middle market arena.
Conducting business internationally offers many opportunities to U.S. oil and gas companies, but a proper understanding of the partnerships often involved is key. Here are some of the practical considerations of pursuing a successful joint venture abroad.
Private equity dollars are chasing the next growth opportunity, and it’s green. But how will that coexist with oil and gas?
Liberty Oilfield Services doubled in size entering the new year with the addition of Schlumberger’s OneStim hydraulic fracturing division. Now CEO Chris Wright is eager to see where the supercharged combo can take the U.S.’ No. 2 pumper.
Following a flurry of big-name consolidation and a prolonged period of regulatory revision, operators are adapting to the new norm. But while production is expected to remain steady, rigs are rare.
After a year of historic lows for drilling activity, rig count is slowly climbing up, indicating an improved activity outlook for 2021. But will it be enough for overstacked drillers?
Chevron’s Noble Energy megadeal and the closing of Hilcorp’s $5.6 billion acquisition of BP Alaska top our list of upstream deal-making from the second half of 2020.
SPACs have taken Wall Street by storm, raising billions for as-yet unidentified acquisition targets—but will they return to save the oil and gas space?
Soak up the A&D love, Bakken Shale. The reports are true. As of early February, two sellers and two buyers did what comes naturally: transact.
Investors are not recognizing how much value is still in oil and gas right now—the most in years. Many of these newly disciplined large-cap E&P companies are in good shape and getting better.
From the Editor-in-Chief
Shell joins fellow Euro majors in messaging—and capitalizing—huge green energy business redirections. By their urgent actions, you would think these majors wholeheartedly believe oil and gas demand is fading to zero fast. But is it?
This month’s snapshot of the latest oil and gas drilling activity highlights from around the world includes another look at French oil major Total’s recent announcement regarding its API membership.