The acquisition of privately held oil and gas companies by mature operators, like Pioneer Natural Resources’ recent multibillion-dollar agreement to acquire DoublePoint Energy, should help alleviate concerns that U.S. shale could again oversupply the market and crash prices, says analyst.
The social and regulatory environment to demonize fossil fuels could have unexpected near-term consequences for those that wish for green-only subsistences.
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.
Here’s a snapshot of recent energy deals including Ovintiv’s Eagle Ford Shale exit through the $880 million sale of its South Texas assets to Validus Energy plus the all-stock merger of Noble Corp. with Houston-based Pacific Drilling.
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.
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.
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.
Here’s a snapshot of recent energy deals including Oasis Petroleum’s $510 million midstream deal plus the acquisition of a Pioneer Natural Resources oilfield service subsidiary by oil mogul George Kaiser.
The flurry of M&A deals underscores the Canadian energy sector’s desire to grow to benefit from the rebound in oil prices as global fuel demand picks up. It also reflects smaller companies betting on economies of scale.