Acquisitions & Divestitures

A&D - E&P

Free

Old Ironsides Closes Energy Fund II

Fund II will acquire and develop upstream and midstream assets in the U.S. and Canada. The fund closed oversubscribed. To date, it has made three commitments.

Mon, 04/20/2015 - 15:37
Free

Legacy Oil + Gas Shareholder Calls For New CEO, Possible Sale

Legacy Oil + Gas Inc. operates in Canadian portion of Williston Basin, and conventionally elsewhere in Canada. FrontFour Capital wants new CEO and company’s breakup or sale, Bloomberg said.

Mon, 04/20/2015 - 14:51
Non-free

Refracking Presents Opportunity For Shale Plays

Oil and gas companies are increasingly turning to technology and improved techniques to become more efficient and grow output as low oil prices slowly rebound.

Velda Addison
Mon, 04/20/2015 - 14:38
Non-free

E&Ps Balance Innovation, Costs But Liquidity, Leverage Matter Most

Analyst downgrades EOG, Pioneer Natural Resources and Cimarex despite strong management, liquidity and resources because they appear near the high end of their trading ranges.

Darren Barbee
Fri, 04/17/2015 - 16:16

Insight

Non-free

Contango, The Dance Of Commodity Futures Prices, Slows Production

Waiting for better prices, Cabot Oil & Gas, Chesapeake, EOG Resources, SM Energy and other E&Ps are deferring 845 well completions in the Eagle Ford, Bakken, Permian and other plays.

Darren Barbee
Tue, 04/14/2015 - 12:38
Non-free

Workers Still Needed To Fill ‘Great Crew Change’ Despite Downturn

Some companies have cut positions to save money, dampening enthusiasm for staff and turning off potential workers the industry needs for the future.

Emily Moser
Fri, 04/10/2015 - 15:09
Non-free

US Gears Up For Greater Role In Global Oil Trade

Geopolitics and shifting views on costs could cause transform the worldwide oil and gas trade, says Tom Petrie.

Mary Hogan
Fri, 04/10/2015 - 11:28
Non-free

ConocoPhillips Says Eagle Ford Condensate Export Ready

The company says it is confident its processed Eagle Ford condensate can be exported but could not speculate on when it might begin shipments.

Darren Barbee
Fri, 04/10/2015 - 06:19

Joint Ventures

Free

Anadarko Mozambique LNG Deals On Horizon

Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.

Wed, 04/15/2015 - 08:09
Free

First Reserve, Pemex Form Infrastructure Investment JV

The Los Ramones pipelines project, and other large-scale energy infrastructure projects, will receive investments through the US$1 billion joint venture. Los Ramones, now under construction, will run 744 kilometers.  

Tue, 04/07/2015 - 15:28
Non-free

EXCO Resources’ Debt Prompts Exchange Of Money, Power

Bluescape will purchase $10 million worth of EXCO common stock and an additional $40 million in shares, as well as some chairs in the company’s board room.

Darren Barbee
Thu, 04/02/2015 - 13:18
Free

Harvest Considers Restructuring After Venezuela Sale Fails

Houston-based Harvest has tried twice to sell its Venezuelan assets. The company holds a 20% stake in Petrodelta, a joint venture with state-owned Petroleos de Venezuela SA, Reuters said.

Mon, 03/30/2015 - 14:50

Mergers & Acquistions

Free

Halliburton Beats Estimates As Oil Crash Slows Drilling

Halliburton Co. beat analyst estimates and reported a first-quarter loss after the crude market crash forced customers to slow drilling.

Mon, 04/20/2015 - 09:04
Free

Statoil CEO: More Deals Likely To Follow Shell-BG

Eldar Saetre didn’t comment on Statoil’s deals strategy, but speculated more deals will follow Shell’s purchase of BG, Bloomberg said. Sellers’ high valuation expectations are problematic, he said.

Fri, 04/17/2015 - 13:43
Non-free

Surge Of E&P Capital Raises May Be Holding Back Deals

Cheap money is chasing deals, with $8 billion in equity raises keeping companies alive while Shell’s purchase of BG Group has ‘rekindled M&A animal spirits.’

Darren Barbee
Fri, 04/17/2015 - 11:40
Free

Shell Hires Barclays For Loan In BG Purchase

Royal Dutch Shell Plc hired Barclays Plc to arrange a 10 billion pound (US$15 billion) short-term bridge loan for the purchase of BG Group Plc, people told Bloomberg. 

Fri, 04/17/2015 - 11:38

Midstream

Non-free

Capital Surge Helps E&Ps Hang On To Midstream Assets

A wave of cheap money chasing deals is taking the pressure to divest midstream assets off of upstream operators, while making deals more challenging.

Darren Barbee
Mon, 04/20/2015 - 17:51
Free

Old Ironsides Closes Energy Fund II

Fund II will acquire and develop upstream and midstream assets in the U.S. and Canada. The fund closed oversubscribed. To date, it has made three commitments.

Mon, 04/20/2015 - 15:37
Non-free

Surge Of E&P Capital Raises May Be Holding Back Deals

Cheap money is chasing deals, with $8 billion in equity raises keeping companies alive while Shell’s purchase of BG Group has ‘rekindled M&A animal spirits.’

Darren Barbee
Fri, 04/17/2015 - 11:40
Non-free

No Time Change For Gas Trading Day

In line with requests from industry trade organizations, FERC opted to maintain the current U.S. gas trading day start time of 9 a.m. Central time.

Paul Hart
Thu, 04/16/2015 - 16:25

Service & Supply

Non-free

Refracking Presents Opportunity For Shale Plays

Oil and gas companies are increasingly turning to technology and improved techniques to become more efficient and grow output as low oil prices slowly rebound.

Velda Addison
Mon, 04/20/2015 - 14:38
Free

Schlumberger Cuts More Jobs As Oil Industry Braces For Next Wave

The latest announced reductions bring the company’s total to 20,000, making its workforce about 15% smaller than it was during third-quarter 2014. 

Fri, 04/17/2015 - 10:12
Free

Seismos Inc. Receives $4 Million In Equity

Seismos provides the CO2 EOR market with field-installed, low-impact emitters and seismic sensors connected to a cloud-based data processing. First-year returns on investment are upwards of 100%, the company said.

Thu, 04/09/2015 - 07:52
Free

Halliburton Will Separately Market Drilling Businesses

Halliburton Co. will separately sell its fixed cutter and roller cone drillbits, directional drilling and LWD/measurement while drilling businesses. It is currently working to acquire Baker Hughes Inc.

Wed, 04/08/2015 - 14:59