The opportunity to acquire oil and gas assets out of bankruptcy has grown in the current downturn, however, a panel of experts say buyers should be prepared to act early and quickly.
Here’s a snapshot of recent energy deals including Southwestern Energy’s acquisition of Montage Resources in an all-stock deal, boosting its position in Appalachia’s Marcellus and Utica shale plays.
Oil and gas companies should carefully review their contingent consideration and earnout provisions in purchase and sale agreements and be prepared for the reporting and valuation challenges that come with them.
Here’s a snapshot of recent energy deals including the purchase of bankrupt Templar Energy by Presidio Petroleum, expanding Presidio’s Midcontinent position into Oklahoma’s STACK Play.
Here’s a snapshot of recent energy deals including the sale of Range Resources’ Northern Louisiana asset to Castleton Resources for up to $335 million.
Although Pickering Energy Partners’ Dan Pickering believes the industry is in for a couple of tough years ahead, he also believes the survivors are due for a bounty: Assets will be available for prices not seen in 30 years.
Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.
Here’s a snapshot of recent energy deals including a multimillion-dollar acquisition by ConocoPhillips in Canada’s Montney Shale plus CNX Resources’ buyout of its midstream affiliate.