Few transactions have emerged in the Eagle Ford in 2016 but a new company is using the 'acquire and exploit' model to cut deals with large leaseholders for noncore assets.
Two companies said they obtained equity commitments on May 24 while another equity fund raised $600 million.
The U.S. might not need shale oil growth now, but from 2017-2020 demand will require an additional 0.7-0.9 MMbbl/d annually, an analyst said.
As E&Ps become more efficient at finding ways to grow production, the midstream sector is getting ready to handle what comes its way when commodity prices rise by improving infrastructure.
The company purchased mineral rights under its existing acreage to increase its working interest and net revenue interest.
Even companies with large inventories continue to seek out value in buying companies. Goldman Sachs rated companies in a point system that determines the likelihood of M&A activity. Top picks include RSP Permian.
FMC Technologies will contribute 39% of the company’s enterprise value and own 49% of a stake in the merger with Technip. But is it worth it?
For the upcoming week Stratas Advisors expects that the price of Brent crude oil will trade between $47 and $49 during the first part of the week, and then will move toward $50 later in the week. Additionally, the firm is forecasting that the Brent-WTI differential will trade between 5 cents and 45 cents with respect to the July contract.