Specialization works—until it doesn’t. Oil and gas specialists would be wise to consider these hidden risks in pursuing the pure-play strategy.
PetroShare’s sale of nonop interest in Colorado’s Wattenberg Field marks only the third upstream A&D deal in the U.S. publically announced so far this year.
Big ticket, stock-heavy M&A overshadowed low-volume asset deals late in the year—and investors shunned both.
Plus, QEP Resources recently engaged Evercore to explore a sales process following a surprise takeover bid by activist investor Elliott Management in early January.
A&D - E&P
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BP has agreed to disclose how its spending plans, emissions policies and broader business strategy align with the Paris climate agreement.
U.S. crude oil production rose to a new high of 11.9 million barrels per day (MMbbl/d) in November, up 345,000 bbl/d from the previous month, the U.S. Energy Information Administration said in a monthly report on Jan. 31.
Chesapeake Energy completed its acquisition of WildHorse Resource Development Corp. on Feb. 1, creating an Eagle Ford oil producing powerhouse.
As the NBA season winds its way to the finals in April, sports commentators have noted how much Houston Rockets star James Harden (aka The Beard) has wowed fans with his incredible performance.
Sea rise, earthquakes and coastal erosion are among court claims against hydrocarbon producers. These have failed, but the fossil-fuel industry should prepare for ensuing try-try-again attempts.
The Internet of Things has far surpassed just simmering in the industry and is overflowing with cash for oil and gas giants, analytics show.
The time is now for public E&Ps to meet investors’ new expectations, says Oil and Gas Investor Editor-in-Chief Steve Toon.
Anadarko Petroleum Corp said on Feb. 1 a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply LNG from Mozambique.
A joint venture between Exxon Mobil, Plains All American and Lotus Midstream has agreed to build a new crude pipeline to connect the Permian Basin in West Texas to the Texas Gulf Coast.
Drillinginfo formed a new strategic collaboration with Hart Energy’s Rextag unit to create a combined midstream business product dubbed Drillinginfo Midstream Infrastructure.
‘One-of-a-kind’ deal diversifies partners’ interests.
Mergers & Acquisitions
Ophir Energy agreed to be bought out by Indonesian oil and gas group Medco Energi for a sweetened bid of 390.6 million pounds (US$511.02 million) in cash.
King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.
As XTO Energy, Exxon Mobil’s subsidiary, grows production in the Permian Basin, it is also working to address water, emissions and quality of life concerns in the region.
Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.
Volume of 1,953 contracts breaks previous mark set earlier in January.
FERC says environmental impact would be at ‘less-than-significant’ levels.
The Tulsa-based company plans to pursue a lower-cost project to meet shipper needs in an effort to be more capital efficient, its CEO told investors on a conference call.
How producers may be organizing around some common themes in 2019, plus a look ahead to Hart Energy’s new video program launch.
Service & Supply
Oilfield services provider Weatherford, which has not reported a quarterly profit in four years, has struggled under the weight of a massive debt load since oil prices crashed in 2014.
Weir Group is close to selling a unit, which supplies pumps and valves to power and oil and gas industries, a source with knowledge of the matter told Reuters.
Last year ended with the worst quarter for upstream equity issuances since 2010 as only two equity deals raised $67.5 million.
Baker Hughes, a GE company (NYSE: BHGE), has committed to reducing its CO2 equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050, the company said Jan. 28 in a news release.