Porter said he expects to see more consolidation in the oil sector. "You will see increased energy M&A and I think you're going to see increased issuance throughout the sector," he said.
Dallas billionaire and Energy Transfer Chief Executive Kelcy Warren's ambitions to buy rival Williams has been beset with problems, and the shares of both companies have been battered by the sharp drop in energy prices.
Oil and gas companies will spend about $450 billion buying each other this year.
Commodity price uncertainty will continue to influence transaction decisions in 2015 as companies seek financial resilience.
A major focus of cuts has been U.S. shale properties, given the typically high degree of flexibility in shale budgets, Fitch Ratings says.
Calgary's Encana has about $6.6 billion stockpiled from recent divestures, according to analysts.
In the U.S., all roads lead to gas, says Munich-based Siemen chief executive.
Exxon Mobil, Shell and Chevron have the capacity to acquire BG, says analyst.
Retaining the Montney acreage removes the biggest asset on the block to supply proposed liquefied natural gas plants on the Pacific Coast.
In the upcoming year, industry executives are optimistic about the prospects for additional production from unconventional resources, but are concerned that increased regulations could slow growth.
Apache (with 40% share) leads this $15 billion venture in partnership with Encana Corp. and EOG Resources Inc. (with 30% stake each).
Two $7 billion leveraged buyouts in 90 days signal private equity’s hunt for domestic oil and gas assets is heating up.
|E&P||USD 200||Members only||Alpha Natural Resources Inc.|
|Mid||USD 0||Members only||I Squared Capital|
|E&P||CAD 148||Members only||Penn West Petroleum Ltd.|
|S&S||USD 0||Members only||Trican Well Service LLC|