September 2017

Cover Story

Oily deals were less interesting at sub-$50 WTI in July than they were at $53 in January. Gassy deals weren’t particularly attractive at $3 Henry Hub. Yet, deals were getting done.

On the Money

Of all the Petro States potentially sliding into the abyss, Venezuela looks like it’s holding the lead

Bright Spots

John Sabia was working at Goldman Sachs & Co. in Philadelphia right at the time the Marcellus-Utica Shale boom was taking off.


At some point, the industry expects to reach an inflection point that leads E&Ps back to portfolio diversification, true exploration and expanded sourcing of capital.

A wave of young talent is reshaping the oil and gas sector, but attracting and retaining them requires a new way of thinking.

More than 60 projects with total newbuild capacity of 6.3 million barrels of oil equivalent per day are expected to reach their first production this year.

Jay Graham, WildHorse Resource Development Corp. CEO, talks about leading his second IPO and his contrarian strategy for delivering high returns in forgotten plays.

At Closing

Since uncertainty breeds caution, throughout earnings season several E&P companies announced new capital spending restraints.

A&D Trends

Here’s an open secret: Carrizo Oil & Gas’s acquisition efforts are stridently stingy and soaked in skepticism. They’re easy to root for on that account, alone.

E&P Momentum

A kerfuffle between Wall Street and Permian Basin E&Ps shed insight into the conundrum of how the industry grows production and reserves even if it spends less and reduces rig count.

From the Editor-in-Chief

RBC Capital Markets commodity strategist Michael Tran says in spite of slowly improving oil market fundamentals, headline noise shapes sentiment more than raw data.

Capital Markets

Even with capital markets slumping, avenues remain open for E&Ps to access financing. Here are a few routes.