Jefferies LLC

Analysts: Will Occidental Sell in GoM, Rockies After $12B Permian Deal?

As Occidental spends $12 billion to add scale in the Midland Basin, analysts wonder if the E&P will divest assets in the Gulf of Mexico, the Rockies or other parts of its portfolio.

SilverBow May Hunt for More Eagle Ford Scale After $700MM Deal

SilverBow Resources could look for additional scale in the Eagle Ford through M&A after buying Chesapeake Energy’s South Texas assets—its eighth deal in the play, analysts say.

Private Equity Returns to Oil and Gas Industry

As private equity firms return to upstream oil and gas, firms might raise up to $15 billion for oil and gas upstream, but the industry could use up to $25 billion, experts said.

Experts: Midstream M&A Primed to Take Off

DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.

For Energy Transition, Midstream’s Got Pipe, Needs Capital

The sector’s extensive natural gas pipeline network can be a tool to transporting cleaner fuels like hydrogen, CERAWeek panelists say, and maybe prompt investors to give oil and gas another look.

From Oil and Gas Investor Editor-in-Chief: Promises and Pivots

Has the E&P sector learned its lessons from the most difficult quarter on record? Some signs show a shift occurring, and there's little question that a drastic industry transformation is required for investors to return.

PATH FORWARD: Jefferies’ Bill Marko Talks A&D’s ‘Slow Awakening,’ Big Changes for US Shale

Bill Marko, managing director at Jefferies, says he sees permanent changes to the U.S. shale business resulting from the destruction to oil demand over the past several months.

US Oil Price Reverses Losses, Posts Largest One-day Gain On Record

Analysts saw the rebound as a brief reprieve, anticipating additional weakness as the coronavirus outbreak takes its toll on global oil demand.

Editor's Note: Look Twice

Times have been hard for the midstream, but exports promise a brighter future.

Midstream M&A Gets Private

A majority of midstream deals are now orchestrated by private-equity buyers, and some public companies are getting big money offers to abandon their ticker symbols and go private.

Investors And Bankers Want Returns, Not Growth

Out-of-favor independents may look good again as a contrarian mood emerges—but many considerations weigh on the sector.

A&D Strategies & Opportunities: “How the M&A Market Has Been Reset”

Watch the full A&D Strategies & Opportunities presentation from Bill Marko, Managing Director, Jefferies LLC here.

UBS, Simmons Energy Pare Bankers As Shale M&A Slows: Sources

UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Oct. 21, as U.S. dealmaking continues to dry up.

Capital Market News

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The Ins And Outs Of Gas

Problem: the need for sufficient gas pipeline capacity.

Opportunity: new customers beyond power generation and petrochemicals.