Tall City Exploration intends to apply the same proven geologic and petrophysics-driven thesis consistent with its prior success in the Permian, which resulted in profits of more than $1 billion.
Cibolo said its inaugural fund will target upstream and midstream companies seeking credit alternatives to finance growth via acquisition or accelerated development capital.
The number of energy IPOs will likely not increase in the near-term as oil and gas companies wait for investor appetite to return, analysts say.
A Carlyle fund and Diamondback will jointly invest $620 million to develop the assets in the San Pedro area of Pecos County, Texas, within the Southern Delaware Basin.
Chevron (NYSE: CVX), Valero (NYSE: VLO) and Delta Air Lines urged U.S. regulators to expedite a hearing on the fee structure of the largest fuel pipeline in the U.S. that they allege is costing them millions of dollars.
U.K.-focused oil company EnQuest is offering new discounted shares to buy out the Magnus oil field and has borrowed money against 15% of its Kraken field as it seeks to reduce its debt pile of almost $2 billion.
Day’s insights covered the burgeoning LNG business, the growing eastern Eagle Ford, and opportunities in the Gulf of Mexico and Bakken Shale, and how insurance can reduce business risk.
Oil and gas giant Saudi Aramco is having preliminary talks with banks about a potential debt financing of up to $70 billion to back its acquisition of a majority stake in Saudi petrochemical firm Sabic, banking sources said on Sept. 5.
McCollum also said the company’s EBITDA, a measure of operating profitability excluding most expenses, will grow around the mid-teens percent in the third quarter compared with the prior quarter.
In August, Conoco suspended legal attachments efforts that had cut Venezuela’s oil exports from several Caribbean facilities following a deal that allowed the country 90 days to make an initial $500 million payment.