The company purchased mineral rights under its existing acreage to increase its working interest and net revenue interest.
Even companies with large inventories continue to seek out value in buying companies. Goldman Sachs rated companies in a point system that determines the likelihood of M&A activity. Top picks include RSP Permian.
FMC Technologies will contribute 39% of the company’s enterprise value and own 49% of a stake in the merger with Technip. But is it worth it?
Despite Vanguard’s loss of the Scoop/Stack acreage and a pared-back borrowing base, the company forecasts it will generate a substantial amount of excess cash flow in 2016.
While Aubrey McClendon’s legacy won’t be tarnished by the closing of his final venture, the company will lose 100 employees who had worked under his guidance.
Oil supplies are stable, low prices are expected to continue in 2016 and ‘there are no plans to purchase E&P assets,’ a Korean oil executive says.