January 4, 2008:
MLP Down (But Not Out) The upstream MLPs continue to close purchases, albeit smaller than the headier, 10-figure deals of early 2007, despite tougher access to capital and a softening of their equity currency.Between early ...more
December 6, 2007:
$108/PROVED BOE At $18 per proved Mcfe, the EnCana Corp./Leor Energy deal is huge—quite possibly one of the most aggressive prices paid in recent industry history. Just two years ago, eyebrows were ...more
November 1, 2007:
WHAT’S IN PLAY? Hedge-fund meddling in New York-based diversified energy company National Fuel Gas has put assets of northwestern Pennsylvania’s most active driller, Seneca Resources Corp., in play. In Appalachia alone, the E&P ...more
October 3, 2007:
TARGET 4.75 Capital markets don’t lie. Oh, the stories they will tell in the coming months. At press time, the Federal Open Market Committee announced a new federal-funds target rate of 4.75%, ...more
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
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