Alta Mesa Resources, a Houston-based independent which bet big on Oklahoma’s Stack, joins a growing number of U.S. shale producers that have filed for bankruptcy so far this year.
The multibillion-dollar sale of BP’s Alaska business to Hilcorp illustrates the divergent strategies of the majors from private oil and gas players, analysts say.
The largest U.S. supplier of fracking services to oil and gas producers expects its third-quarter results will be at the low end of its earlier forecasts as activity slows.
Public E&P investors are insisting that operators produce returns, so private-equity-backed E&Ps wanting to sell to a public E&P are working to do the same. One said, “It all rolls downhill.”
The M&A market is challenged but there are still deals getting done. In this video, we look at what deals are proving to be beneficial for companies at this time.