It’s All Relative: Family Oil Companies Attract Huge M&A Attention
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
Pembina Pipeline to Offer $690MM in Public Debt
Pembina Pipeline Corp. is offering senior unsecured debt to extend maturity dates for near-term debt that matures between 2026 and 2029.
Asset-backed Securitization Emerges as Growing Finance Opportunity
A relatively new type of financing has emerged for E&Ps—PDP asset-based securitization.
What's Affecting Oil Prices This Week? (June 24, 2024)
Stratas Advisors expect that oil prices will be under pressure during the upcoming week, in part because of economic and political uncertainty.
Hirs: How the Cost of Carbon Avoidance Bolsters Nuclear Power
States and the EU have introduced nascent carbon pricing schemes with taxes, tax benefits and offsets. It isn’t unreasonable to assume that carbon pricing will become increasingly tangible.
PE Firm Pearl to Monetize $355MM in Permian Resources Shares
Since forming through a merger in 2022, Permian Resources has reduced its stock ownership by a group of private equity backers from over 50% of the company’s outstanding shares to 16% today.
Crestwood’s Wannarka Joins EnergyNet as CFO, COO
Wannarka brings public-equity finance, investment banking and investor relations experience to the upstream A&D brokerage.
China Not Continuing Mega Oil-backed Loans to Latin America
China, which lent around US$120 billion to Latin America and the Caribbean between 2005-2023, isn’t expected to resume the mega oil-backing loans of yesteryear as the focus turns to debt negotiations.
Permian Surface-owner LandBridge to Raise up to $367MM in IPO
Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin.
Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A
Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.