April 2017

Feature

To speed up production in the high-margin Delaware and D-J, Anadarko Petroleum Corp. reels in big cash flow from the Gulf of Mexico.

This year’s winners for the 14th annual Oil and Gas Investor Excellence Awards are being honored for their achievements in 2016. They represent an unlikely and bold financing, a company-transforming M&A deal, and a portfolio and culture retooling by a determined and decisive leader.

Transforming a company from 66% natural gas to 60% oil and liquids, and doing it during one of the worst industry downturns ever, is harder than it looks. Take it from WPX Energy’s Rick Muncrief.

As base production continues to decline, new-source projects start to lose steam.

Amid a swirl of Delaware Basin deals and rumors, RSP Permian Inc. pulled out the stops for a $2.4 billion acquisition of Silver Hill Energy Partners.

Will OPEC’s production cuts prevent a U.S. gas shortage or affect gas prices?

Transactions swept through the Permian rapids with billions of dollars pooling in the Delaware and Midland basins, where deals fetched high prices. Elsewhere, A&D was at times ingenious, stupefying or an irritant to investors that clearly wanted companies to stay in one spot.

Dallas wildcatter Jim Musselman has struck it big again, this time in Alaska, after bringing to first oil two world-class hits offshore Africa. He can’t stop exploring.

A&D Trends

The markets are frowning at non-Permian deals.

At Closing

Companies are selling long-cycle assets in favor of buying short-cycle ones that deliver a return in three years or less.

Bright Spots

For Thomas McConnell, a career in the oil and gas industry runs in the blood.
 

Cover Story

Operators are overcoming low gas prices in this northwestern Louisiana formation with enhanced completions, bigger IPs and EURs, and lower oilfield-service costs.

E&P Momentum

News of widespread frack sand capacity additions have some wondering if the recovery is getting ahead of itself.

From the Editor-in-Chief

Saudi Aramco’s chairman expressed optimism for oil prices moving forward, but cautions against irrational exuberance.

On the Money

The potential ramp up in production could be good for companies, but not so great for the macro environment.