Shares for SM Energy were trading down after announcing a multibillion-dollar entry into Utah’s Uinta Basin, an unusual move that nonetheless adds scale to the company’s Eagle Ford Shale and Permian Basin operations.
Among those buying the Australian shale-gas developer’s pre-trade shares were U.S. wildcatter Bryan Sheffield and completions pressure-pumper Liberty Energy.
Midstream company USD Partners is selling a Canadian train terminal asset as part of a forbearance agreement to avoid foreclosure or default with its lenders.
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
A relatively new type of financing has emerged for E&Ps—PDP asset-based securitization.
Separately, Kimmeridge has purchased more than 90% control of Gulf Coast LNG developer Commonwealth LNG.
Producers contend with roiled capital markets as consolidation alters the strategic landscape.
Equitrans Series A preferred stockholders have until July 9 to vote on the consideration they prefer to receive once the merger with EQT takes place.
Ring Energy is updating its management team following the departure of two senior executives.
Energy professionals depend upon interconnected markets and often profit from arbitrage opportunities long before market participants and regulators can effectively address them.