Oil and Gas Investor magazine

Oil and Gas Investor Magazine - March 2021

Headwinds push smaller operators toward consolidation. 

In this issue:

COVER STORY:

Animal Spirits

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.

EXECUTIVE Q&A:

Twice the Liberty

ENERGY CAPITAL:

Greenlighted

NIOBRARA:

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

CROSS-BORDER PARTNERSHIPS:

International JVs

Cover Story

Oil and Gas Investor Cover Story: Animal Spirits

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.

Feature

Oil and Gas Investor A&D Market Update: A New Breed of Buyer

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.

Oil and Gas Investor Cross-border Partnerships: International JVs

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.

Oil and Gas Investor Energy Capital: Greenlighted

Private equity dollars are chasing the next growth opportunity, and it’s green. But how will that coexist with oil and gas?

Oil and Gas Investor Executive Q&A: Twice the Liberty

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.

Oil and Gas Investor Niobrara Spotlight: Colorado’s D-J Basin Settles In

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.

Oil and Gas Investor Rig Market Trends: A Cautious Rigging Up

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?

Oil and Gas Investor US E&P A&D Deal List: Second-half 2020

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.

Oil and Gas Investor: The Great SPAC Comeback

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?

A&D Trends

Oil and Gas Investor A&D Trends: Apocalypse Pricing Ends Soon

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.

At Closing

Oil and Gas Investor At Closing: All SPAC-ed Out

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

From Oil and Gas Investor Editor-in-Chief: The Denial of the Euro Majors

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?

International Highlights

Oil and Gas Investor: March 2021 International Highlights

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.