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.
If Magnum Hunter can successfully sell its Eagle Ford assets, it could set up a simpler portfolio with assets in the Appalachian and Bakken and with a lighter debt load.
Potential changes in the capital gains tax rate and the controversial "Medicare tax" should drive additional interest in asset sales before the end of the year.
The purchase is in fact two separate deals, both sizable, which puts Plains in a whole new class of operators, with a sizable focus on the Gulf of Mexico.
A small component of oil price is due to uncertainty from the Middle East, as Iran makes threats to disrupt Middle East flows. But most of the oil price is driven by fundamental supply and demand.
The iconic Wilson, chairman and chief executive of the upstart Halcon, took the liberty in his keynote presentation at Hart Energy’s DUG conference to roll out the absorption of GeoResources.
Quantum Energy's Bill Montgomery: “By our count, 12 to 15 of the larger energy-focused funds are out there raising what could add up to $15 to $20 billion."
With the beleaguered commodity bouncing around between $3 and $5 for the past couple of years, many pundits believed it had found its floor in this cycle, with no where to go but up.
In his first public appearance since forming Halcon Resources, the former Petrohawk Energy CEO Floyd Wilson talks about the impending reverse merger that will put the build-to-sell maverick back into the driver’s seat of a public E&P.