Exclusives

Non-free

Acquisition, ‘Wishful Thinking’ Cost Houston E&P Millions, CEO His Job

An investigation revealed a Houston company profited through exaggeration of a South American prospect’s oil reserves while secretly paying a firm to promote it.

Darren Barbee
Fri, 04/24/2015 - 14:37
Non-free

Goodrich Alive In TMS But Tempted By Eagle Ford Divestment

Goodrich’s Eagle Ford Shale position is located in Frio and LaSalle counties, Texas, near producers Chesapeake Energy, Cabot, Carrizo and EOG Resources.

Darren Barbee
Thu, 04/23/2015 - 12:53
Free

Valve Maker Circor Buys German Firm Amid Gloomy Outlook

Setbacks in oil and gas capital spending have hurt Circor but purchase of private firm Schroedahl should be accretive, analyst says.

Darren Barbee
Wed, 04/22/2015 - 16:52
Non-free

Halliburton Selling $3.5 Billion In Revenue Makers As Peers Lay Off More

Baker Hughes and Schlumberger also made announcements that they will cut nearly 15,000 jobs on top of already announced layoffs.

Darren Barbee
Wed, 04/22/2015 - 13:16
Non-free

Vanguard Rolls Up Fellow Upstream MLP, Gains Permian Assets

Vanguard buys LRR Energy’s Permian and Arkoma assets, including 1,290 gross producing wells and about 158,000 net acres. LRR’s proved reserves were about 203 Bcfe in December 2014.

Darren Barbee
Tue, 04/21/2015 - 12:12
Non-free

Rex Looks To Regain Footing With Partner, Buyer In Illinois Basin

With a JV in the Marcellus under wraps, Rex is also pursuing the sale of its 60% ownership interest in its water service subsidiary with estimated proceeds of $60 million to $80 million.

Darren Barbee
Mon, 04/20/2015 - 12:47
Non-free

Surge Of E&P Capital Raises May Be Holding Back Deals

Cheap money is chasing deals, with $8 billion in equity raises keeping companies alive while Shell’s purchase of BG Group has ‘rekindled M&A animal spirits.’

Darren Barbee
Fri, 04/17/2015 - 11:32
Free

Gulfport Buys EnCap's Paloma, Bolstering Utica Position

The purchased acreage, which is entirely undeveloped, represents a natural bolt-on to Gulfport's existing position in the shale play and translates to $12,700 per acre.

Emily Moser
Thu, 04/16/2015 - 11:44
Non-free

Canada’s Viking Play Attracts More Attention In Royalty Deal

The Viking play continues to attract attention as one of the most economic patches in Canada. In March, Canada’s Whitecap Resources said it would buy Beaumont Energy for US$476 million.

Darren Barbee
Wed, 04/15/2015 - 15:54
Non-free

Chesapeake Settlement Catches McClendon Off Guard

Chesapeake settles with affiliate, but will pursue case that accuses its former CEO of misappropriating “highly sensitive trade secrets from the company” about the Utica Shale and other areas.

Darren Barbee
Wed, 04/15/2015 - 15:21
Non-free

Deal-Making Sparks Fly But Fail To Rekindle Acquisition Fires

McClendon returns to raise money and Synergy Resources is looking for deals in the Wattenberg. But the bottom line is that shale transactions suffered their weakest quarter since 2009. 

Darren Barbee
Tue, 04/14/2015 - 15:06
Non-free

Meet The Companies That Have Dealt Themselves In On 2015 A&D

After Shell’s $70 billion deal, ExxonMobil and Chevron are in the hunt with several large U.S. E&Ps. But in the Permian Basin, the bid-ask spread remains too wide for deals.

Darren Barbee
Mon, 04/13/2015 - 15:38

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