McKinsey Partner Kassia Yanosek details private equity’s unique role in the climate transition, despite corporate uneasiness at partnering with firms, and the need to quadruple funding while government ramps up support.
Besides consolidation, high yield bond debt refinancing and fossil fuel divestment legislation in California should be on your radar.
Industry experts expect E&Ps to stick with tried and true capital discipline with lighter hedging and more credit financing.
The $10 billion in debt Occidental Petroleum will take on for its CrownRock acquisition raises eyebrows, but experts say Occidental paid off similar debts in recent years and in the late 1990s.
By value, Occidental Petroleum’s Dec. 11 deal for CrownRock, combined with other private-equity exits, totaled about $30 billion in 2023.
Financing the energy industry continues to evolve with market growth and transformation, resource development and innovation.
Small and mid-caps’ strong balance sheets look attractive to credit investors and can provide equity that sweetens M&A.
In the “Wild West” of the carbon credit market, third-party validation and a minting process will help the nascent market, Houston-based Capturiant says.
Beyond large public companies, returns to investors are becoming a pillar of the E&P business model—from small-caps to private companies—while consolidation increasingly becomes a focus for shale players.
As Civitas Resources concentrates on integrating three acquisitions from this year, an analyst said the Colorado E&P’s assimilations are going “swimmingly.”
