Patterson said it would temporarily stop deploying new pressure pumping fleets to hydraulically fracture oil and gas wells due to oversupply of such gear.
With less receptive capital markets, traditional exits for private-equity-backed portfolio companies have narrowed. Sponsors are finding new ways to make returns to investors.
A roundtable on raising capital for little deals indicated that there are opportunities in the lower middle market space.
E&P executives flaunt free cash flow promises and make their case for why coy big capital should once again favor their beleaguered stocks.
A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said on April 19, thanks in part to an OPEC-led supply cut deal in place since January 2017.
Greece’s Energean Oil & Gas listed on the London Stock Exchange on March 16, raising $460 million to develop two Israeli offshore gas fields.
Blu Hulsey, senior vice president of government and regulatory affairs at Continental Resources, discussed the unique deregulation opportunity in Washington these days as well as the permitting process.
After overbuilding during the last boom, debt and uncertainty weigh heavily on the sector.
U.S. E&Ps plan substantial increases to their drilling and completion budgets for 2018 and beyond.
Financial oil trading is booming, hitting records in 2017, with volumes in U.S. contracts outpacing growth elsewhere on the back of the U.S. shale oil boom.