Finance - Exclusives
Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.
At KPMG’s annual Global Energy Conference, confidence in the global economy abound, but political uncertainty and Asia’s growing energy demand shapes the role of the U.S. energy on the world stage.
Liberty Resources President and CEO Mark Pearson talks advanced completions, long laterals and the importance of private equity in the Bakken.
The Maya oil discount has been broadening because of the continued sharp widening of the West Texas Sour differential due to bottlenecks in the Midland Basin.
Enduro lined up four stalking-horse bidders—the most recent being Comstock—after a prior reorganization failed to remedy its financial woes.
Tony Weber, NGP’s managing partner, also spoke about a growing youth movement at the Irving, Texas-based private equity firm.
While salaries have been slowly recovering, a poll shows that many displaced and laid off workers are coming back to work in the oil and gas industry.
Midstates Petroleum announced the sale earlier this year with proceeds of $58 million earmarked to pay down debt.
Even as much of Wall Street slumbers, there are niches in private and public financial sectors that are awake and eager to seize opportunities in energy.
After being crushed by the oil and gas price downturns, some Asian investors are gradually returning to the U.S., but only after locking down control in the assets.
Those who read this column last month may recall a hope that recent bottom-of-the-barrel sentiment for the energy sector reflected conditions that were “darkest before the dawn.”
As West Texas Intermediate prices creep toward $70 per barrel, some companies may be tempted to abandon capital discipline for crude plunder. But E&Ps are already showing restraint, while Permian players face a midstream bottleneck.