Tailwater: Midstream Whittles Down Debt, but M&A Likely Brewing
So far this year, Midstream companies have eschewed spending cash flow on capex or M&A, but that’s likely to change as Permian players expanded out of core areas, a Tailwater Capital partner Stephen Lipscomb said.
Looking to Right the Ship, Tellurian Plans to Raise $125MM in Financing
Tellurian Inc., which recently issued a “going concern” warning in its third-quarter SEC filing, wants to raise about $125 million in 2024 for drilling, according to Executive Chairman Charif Souki.
Capstone Green Energy’s Prepackaged Bankruptcy Gets Court Approval
A federal bankruptcy court has approved a restructuring plan for Capstone Green Energy that could potentially allow it to exit Chapter 11 proceedings with about $7 million in new financing.
Searching for Scale, Berry Corp. ‘Aggressively’ Hunting More M&A
Berry Corp. recently closed a multimillion-dollar acquisition to grow its footprint in California. But Berry wants to add even more scale through M&A, especially outside of the Golden State.
Analysis: Endeavor Energy’s Value Could Hit $30 Billion
Exxon Mobil’s valuation of Pioneer Natural Resources plus new Endeavor data suggests buying Endeavor Energy Resources could come with a high price tag, according to Hart Energy analysis.
Petrobras Debt Continues to Snowball
Brazil’s Petrobras said its gross long-term debt reached $61 billion in the third quarter, which marks the first time the state-owned company’s debt has passed the $60 billion threshold since second-quarter 2021.
Romito: Energy Companies Must Improve Quantitative Narrative
The U.S. and Europe have successfully figured out how to significantly lower their emissions profiles without sacrificing economic output.
Exxon Mobil Completes $1.26B Purchase of FPSO Liza Unity
The purchase allows Exxon Mobil Guyana Ltd. to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO until 2033.
Haynes Boone: RBLs Continue to Cool as Source of Oil, Gas Capital
A survey by law firm Haynes Boone found equity and free cash flow are expected to meet nearly half of oil and gas companies’ capital needs in the next 12 months.
Comstock, Quantum Capital Solutions Partner for Haynesville Midstream Buildout
Quantum Capital Solutions is committing $300 million for Comstock Resources' Pinnacle gathering and treatment system, among other Haynesville midstream operations.