Acquisitions & Divestitures

A&D - E&P

Free

Basic Energy Services Signs LOI For Acquisitions Funding

Depending on the size and nature of the transaction, the amount provided will vary. Roe Patterson, Basic’s president and CEO, said some smaller acquisitions have already been made. 

Tue, 08/04/2015 - 16:51
Non-free

RSP Permian Acquisition Pieces Together 5,700 Midland Basin Acres

RSP posts strong financial and operating results but risks potential short-term investor consternation after paying $274 million for 162 additional horizontal locations.

Darren Barbee
Tue, 08/04/2015 - 12:22
Free

Halliburton Certifies DOJ’s Second Information Request

Halliburton Co. and Baker Hughes received Department of Justice second requests in February under Hart-Scott-Rodino Antitrust Improvements Act of 1976’s notification requirements. Baker Hughes certified the second request July 14.

Tue, 08/04/2015 - 11:15
Free

Powers Becomes CFO Of Enhanced Oil Resources

Rick D. Powers was appointed vice president, CFO and treasurer of Enhanced Oil Resources Inc. replacing W. Kyle Willis. Powers has handled financial management, auditing, accounting and M&A. 

Mon, 08/03/2015 - 14:33

Insight

Free

Study: Crude Prices On Track To Fall Further

Prices have not yet fallen far enough for an appreciable supply adjustment to occur, researchers say.

Fri, 07/31/2015 - 13:45
Non-free

Marcellus, Utica Catapult US Gas Production Upward

The Marcellus and Utica is driving 85% of the growth in U.S. gas production due to the precision and efficiency of fracking in the region, the EIA says.

Wed, 07/29/2015 - 09:39
Non-free

E&P Equities Logjam Is About To Break, Analysts Say

‘Companies access the capital markets when they are open. But if and once it opens, it should be a floodgate of issuance,’ analysts say.

Wed, 07/29/2015 - 09:19
Free

Of Oil And Entropy: Midland Basin Powerhouses Hunt Deals, Stability

 
E&Ps such as Diamondback continue to outperform their peers as larger, capitalized companies look to buy smaller companies and private equity is on the move, including a new Chinese-backed entrant.
Darren Barbee
Tue, 07/28/2015 - 16:13

Joint Ventures

Free

Basic Energy Services Signs LOI For Acquisitions Funding

Depending on the size and nature of the transaction, the amount provided will vary. Roe Patterson, Basic’s president and CEO, said some smaller acquisitions have already been made. 

Tue, 08/04/2015 - 16:51
Free

Emerald Oil Enters Agreement With Koch

Emerald said Aug. 3 it has an agreement worth about $24.4 million with a subsidiary of Koch Industries and is also working on a midstream JV in the Williston Basin. 

Darren Barbee
Mon, 08/03/2015 - 10:34
Non-free

New Twists On An Old Structure

Drill-to-earn JVs have benefits, but investors should keep in mind these caveats.

Sat, 08/01/2015 - 15:31
Free

Lonestar Resources Nets $100 Million Eagle Ford JV

The Fort Worth, Texas, company will be able to drill while hunting down more acquisitions—and without taking a major hit to its balance sheet.

Thu, 07/30/2015 - 09:05

Mergers & Acquistions

Free

Halliburton Certifies DOJ’s Second Information Request

Halliburton Co. and Baker Hughes received Department of Justice second requests in February under Hart-Scott-Rodino Antitrust Improvements Act of 1976’s notification requirements. Baker Hughes certified the second request July 14.

Tue, 08/04/2015 - 11:15
Free

Exxon Mobil Talks M&A

The company reported that cash flow from operations and asset sales was $9.4 billion for second-quarter 2015. Of that amount, $629 million were proceeds associated with assets sales.

Mon, 08/03/2015 - 08:45
Free

Proppant Market On The Way Toward Consolidation

The top 10 frack sand suppliers claim 55% of total business, while more than 40 companies make up the remaining percentage.

Fri, 07/24/2015 - 10:08
Free

Ares, Kayne Anderson Undertaking $2.55 Billion Merger

Ares Kayne Management LP, an alternative investment group, will have $113 billion in assets, Bloomberg said. It will be formed through a $2.55 billion merger.

Fri, 07/24/2015 - 09:14

Midstream

Free

Rangeland Energy III Receives $300 Million In Equity

This is the third commitment EnCap has made to a Rangeland company, bringing the total to more than $600 million since Rangeland’s formation in late 2009. Rangeland II focuses on the Delaware Basin.

Tue, 08/04/2015 - 08:49
Free

Emerald Oil Enters Agreement With Koch

Emerald said Aug. 3 it has an agreement worth about $24.4 million with a subsidiary of Koch Industries and is also working on a midstream JV in the Williston Basin. 

Darren Barbee
Mon, 08/03/2015 - 10:34
Free

TransCanada: Heartland Line's Construction Delayed

Construction on the Heartland Line from Edmonton, Alberta, to Hardisty is indefinitely delayed because the Keystone XL and Energy East systems it would supply are delayed, executives said, Bloomberg reported. 

Fri, 07/31/2015 - 14:09
Free

Follow-on Investment Will Help First River Acquire Texas Gathering

Texas Gathering gathers, markets and blends about 23,000 barrels per day of crude oil, primarily in the West Texas Permian Basin and Eagle Ford Shale.

Thu, 07/30/2015 - 15:27

Service & Supply

Free

Basic Energy Services Signs LOI For Acquisitions Funding

Depending on the size and nature of the transaction, the amount provided will vary. Roe Patterson, Basic’s president and CEO, said some smaller acquisitions have already been made. 

Tue, 08/04/2015 - 16:51
Free

Halliburton Certifies DOJ’s Second Information Request

Halliburton Co. and Baker Hughes received Department of Justice second requests in February under Hart-Scott-Rodino Antitrust Improvements Act of 1976’s notification requirements. Baker Hughes certified the second request July 14.

Tue, 08/04/2015 - 11:15
Free

Halliburton Unveils Refracturing Service

Where ACTIVATE has been used, operators see about an 80% increase in EUR per well and a 66% reduction in cost per barrel of oil equivalent from refracked wells verus new wells, Halliburton said in a news release.

Thu, 07/30/2015 - 11:01
Free

Frack Sand Supplier Shale Support Closes $85 Million Debt Financing

Proceeds from an $85 million senior debt facility will refinance existing debt and complete capex projects in mining and processing facilities in the Eagle Ford and Permian Basin. 

Thu, 07/30/2015 - 10:36