Finance - Buybacks
Earl Reynolds, Chaparral Energy CEO, recently discussed with Hart Energy what allowed recent success in the company's positions in Garfield and Canadian counties, plus an interesting employee compensation plan tied to productivity.
Antero Midstream is set to combine with its general partner and emerge as a C-corp entity under a new moniker.
Devon Energy Corp. (NYSE: DVN) has completed its initial accelerated share repurchase program that commenced in early August, the company said on Sept. 14.
The company expects to fully fund this year’s $3 billion program, as well as its dividend and capex, with cash from operations.
Peter Coleman, who was speaking at the World Gas Conference in Washington, said the project’s ability to provide Woodside with an adequate return is “very challenged.”
Hess said the new buyback program was in addition to the $500 million plan the company had announced in late 2017.
Chevron also revised its three-year annual capital spending plan to $18 billion to $20 billion and said it was looking to resume share buybacks.
QEP Resources Inc. (NYSE: QEP) said on Nov. 6 it has priced an offering of $500 million aggregate principal amount of senior notes due 2026.
BP Plc (NYSE: BP) will become the first major European oil and gas company to resume share buybacks since the 2014 price slump, a sign years of austerity have paid off.
The bonds, which include notes maturing in Jan. 2019, March 2019, April 2019, Jan. 2020 and March 2020, have almost $10 billion outstanding worth of securities, Reuters reported.