Darren
Barbee
Oil and Gas Investor
Why Savvy Capital Providers Have Oil and Gas on Their Minds
Industry executives gathered at the IPAA’s annual meeting to tell why fossil fuels are still important, and why investors are taking notice once again.
Devon Closes $865 Million Cash Acquisition of RimRock Oil and Gas
Devon Energy expects the RimRock transaction to position the company’s Williston Basin assets to maintain high-margin production and strong cash flow for several years.
Women in Energy: Hillary Holmes, Gibson Dunn
Today’s featured 25 Influential Women in Energy honoree is Hillary H. Holmes, partner in the global law firm Gibson, Dunn & Crutcher LLP and co-chair of the firm’s capital markets practice group based in Houston.
Despite Recession Fears, Key E&P Needs Will Feed M&A
Upstream oil and gas companies continue to suffer from a double standard in the markets, with low equity valuations causing headaches for equity-based deals.
Halliburton Profit Jumps, Sees Strong Oil Drilling Demand
Halliburton CEO Jeff Miller said spending by international customers was on track to hit mid-teens percentage growth, predicting “multiple years” of increased drilling activity.
Buffett’s Berkshire Buys More Oxy Shares, Edges Closer to 20% Stake
Berkshire’s latest purchases from July 14 to July 16 cost $112 million, and gave Warren Buffett’s conglomerate a 19.4% Occidental Petroleum stake worth about $10.9 billion, regulatory filings show.
APA Corp. Warns Q2 Oil Volumes to Miss Forecast
Around 4,000 boe/d of the shortfall is associated with the performance of nonoperated wells, while the rest is due to mixed results from wells that came online during the quarter in the Austin Chalk region in southeast Texas.
Suncor Considers Sale of Gas Stations after Deal with Activist Investor
Suncor Energy’s retail business could be worth CA$5 billion (US$3.86 billion) to CA$8 billion (US$6.18 billion), National Bank analyst Travis Wood said.
Is Warren Buffett’s Interest in Occidental Petroleum a Bet Against Recession?
Taking Occidental Petroleum private does not fit the practice of Warren Buffett’s Berkshire’ of avoiding boom-bust industries, and would face resistance from Occidental, one analyst says.
VAALCO Energy to Acquire TransGlobe in $307 million Stock-for-stock Deal
Houston VAALCO Energy and Canada’s TransGlobe Energy agreed to a stock-for-stock business combination the companies expect will create a diversified African-focused E&P business supporting sustainable growth and stockholder returns.