As shell-shocked capital markets return to life following a year-end meltdown, capable E&Ps are rushing to bolster balance sheets pinched by 50% revenue declines.
The industry has moved past the Macondo tragedy equipped with better technologies to bring ever-deeper discoveries onstream amid much M&A activity.
Cuadrilla Resources has been granted shale gas exploration permits, while Ineos plans a $1 billion project for its own feedstocks.
Analysts say the lifting of sanctions won’t spell an immediate ramp-up in Iranian production during the next six months but Iran’s Oil Minister said it could produce 3.8 MMbbl/d.
In the face of economic headwinds, Southwestern Energy Co. is forging ahead with a multibillion-dollar acquisition in the expanding southwest Marcellus Shale that could redefine the company’s future.
As private equity bides its time, waiting for costs to come down, it is also poised to strike—for the right deal.
The MLP maneuvers itself into $500 million liquidity by revising its borrowing base and cutting unit distributions by $0.50 to save $50 million annually.
Oil and Gas Investor’s editors recognize outstanding individuals and companies who impact shareholders, communities where they drill, or the entire industry. BDO is this year’s awards sponsor. Readers submitted nominations.