September 6, 2007:
MLP UPDATE News of new MLPs came to an abrupt halt in early August as capital markets, particularly debt markets, assessed a new investment-yield regime, as interest rates rose despite Fed efforts ...more
August 3, 2007:
THERE GOES POGO Well, it’s done. Pogo Producing Co.—what’s left of it, and it’s a lot—will go to Plains Exploration & Production Co.Pogo is among E&P companies that have been pressured by hedge-fund ...more
July 11, 2007:
GOT MLP? Some producers are concerned that the new U.S. upstream master limited partnerships (MLPs) will ruin the domestic business, that more and more assets will go into harvest mode and not ...more
June 8, 2007:
Future Value There are oil and gas assets for sale—and some of their greatest value may be free! One would have to sit on them for 15 or so years, and the ...more
May 1, 2007:
HOLA, G’DAY, KONNICHIWA! Heads up, upstream players! Non-North American oil and gas companies are increasingly competing with U.S. independents for domestic oil and gas reserves—and winning. And more deals for U.S. assets by ...more
April 10, 2007:
ASSET PRICES Oil and gas prices have softened in the past 12 months, but asset prices have had no fear. In most U.S. regions, the metrics asset buyers will write checks upon ...more
March 20, 2007:
CREDIT QUALITY oftening commodity prices expose oil and gas producers to new enterprise values—and debt profiles. An onshore gas producer 60% weighted to debt at $9 gas could easily become 80% debt-heavy ...more
February 14, 2007:
THE PLAYER ConocoPhillips’ 2007 has begun with unwanted attention—to its 2006 organic reserves-replacement rate and earnings, and its exposure to Venezuela. John Herrlin, an E&P analyst with Merrill Lynch, calculates that the ...more
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