Here’s a snapshot of recent energy deals including Permian Basin acquisitions by U.S. Energy Development comprising interests in oil development projects in the Delaware Basin.
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.
After the traumas of 2020, we see some positive signs in traditional oil and gas, although we are not naïve enough to think the industry will have smooth sailing from here on.
As more debt is restructured or discharged, the drag on M&A should lessen, which could lead to the return of dealmaking in the oil and gas sector to pre-pandemic levels, Deloitte says.
Private equity’s interest in oilfield services is expanding the definition of what is investable in the OFS space.
Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.
Behold! Like the ancients scanning the sky for portents, large bodies are colliding in the observable M&A-verse of upstream oil and gas.
A model of disciplined tenacity, Midland Basin-focused Earthstone Energy patiently and diligently builds scale through good times and bad. And new CEO Robert J. Anderson makes no apologies for being a small-cap, growth-oriented oil and gas producer.
Here’s a snapshot of recent energy deals including the $2.2 billion all-stock combination of Canadian oil producers ARC Resources and Seven Generation plus Energy Transfer’s multibillion-dollar acquisition of Enable Midstream.