Acquisitions & Divestitures - Exclusives
The A&D market got whammied in December. Year-end is usually a tough stretch for deal-making, but even industry veterans were lamenting the state of the business.
For the most part, 2018 was a good year for producers. Here, Oil and Gas Investor chronicles the highlights of the year in energy.
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.
The Brazilian major’s business and management plan focuses on financial planning and the pursuit of profitability as the company continues working to reduce its debt.
Rystad Energy values QEP Resources’ Midland assets in the Permian Basin at $4 billion, about twice the value of a takeover offer made by activist investor Elliott Management.
A start-up in early 2016, Percussion Petroleum has found success with horizontal pay from New Mexico’s Yeso in the Permian Basin.
The intermediate financing tool is getting oil and gas investors’ attention in “log-jammed” A&D and equity markets.
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
Targa had initially planned to offer a $750 million bond but later doubled its debt offering due to strong investor demand, according to a Financial Times report.