Exclusives

Free

Idled Rigs Tell No Tales: W&T Offshore Deals Permian For Offshore

W&T's interest in the Permian’s Yellow Rose Field produces about 3,000 boe/d, but the company has stopped drilling until commodity prices improve.

Darren Barbee
Wed, 09/02/2015 - 09:00
Free

WPX Jumpstarts Deleveraging Plan With $185 Million Midstream Sale

The Tulsa, Okla.-based company is working to quickly reduce debt just two weeks after closing its $2.75 billion acquisition of privately held RKI Exploration & Production LLC.

Emily Moser
Mon, 08/31/2015 - 10:01
Non-free

EnCap Avoids Acquisitions In Soft A&D Market, Captures Talent Instead

The private equity firm says the industry may experience a shift amid the downturn, with acquisition and exploitation models getting dollars while the supply of natural gas divestitures increases as operators hold on to oil assets in hopes of a recovery.

Emily Moser
Fri, 08/28/2015 - 11:04
Free

Schlumberger, Cameron Look To Meld Science, Tech In $15 Billion Merger

The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years.

Emily Moser
Wed, 08/26/2015 - 15:58
Free

Cobalt Leaves Angola Coast For Gulf Of Mexico In $2 Billion Deal

Cobalt International made huge discoveries in a seven-year period offshore Angola but cedes interest after a federal investigation, low oil prices and uncertainty for all oil producers.

Emily Moser
Wed, 08/26/2015 - 08:33
Free

Deal Gives Encana Exit From Louisiana Haynesville

After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.

Emily Moser
Tue, 08/25/2015 - 12:30
Free

Southern’s Deal For AGL Resources Spotlights Shale-Gas Use

AGL is planning to spend $670 million on interstate pipeline construction projects, including infrastructure from the Marcellus and Utica and that could grow volumes moving to the Southeast, Midcontinent and Eastern Canada.

Darren Barbee
Mon, 08/24/2015 - 13:07
Non-free

A&D Has A Pulse, But Some Fret Over Overspending And Doomsday Drilling

E&Ps remain in character, with many saying they will continue to outspend cash flows and pump up production. Some are planning to put assets on the market, but potential buyers aren’t sure that prices are low enough.

Darren Barbee
Fri, 08/21/2015 - 15:56
Free

McClendon’s American Energy Partners Eying Australian Shale

The farm-in deal comes in the wake of reports that McClendon was eyeing Australia’s McArthur Basin as a shale hotspot for his first venture out of the U.S.

Emily Moser
Thu, 08/20/2015 - 15:02
Free

Miller Energy Will Pay SEC To Resolve ‘Grossly Overvalued’ Assets

Miller Energy is accused of inflating the value of oil and gas assets in Alaska by more than 200 times their asking price.

Darren Barbee
Thu, 08/20/2015 - 14:46
Free

Stability, However Brief, Stirs Deal Makers

In the second quarter of 2015 deal activity and values climbed as oil hung around the $60 level, then transactions pulled back as oil prices fell below $42.

Darren Barbee
Wed, 08/19/2015 - 14:42
Non-free

Over A Barrel? Oil Prices Reach Lows As E&P Resilience Tested

The window for equity capital is narrowing, companies are declaring bankruptcy and yet overwhelming numbers of U.S. E&Ps beat production estimates the second quarter of 2015.

Darren Barbee
Tue, 08/18/2015 - 15:42

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