Haynes Boone: RBLs Continue to Cool as Source of Oil, Gas Capital
A survey by law firm Haynes Boone found equity and free cash flow are expected to meet nearly half of oil and gas companies’ capital needs in the next 12 months.
November 8, 2023
ConocoPhillips Sticking to 10-Year Plan as Peers Consolidate
As supermajors make headlines with large-scale M&A, ConocoPhillips leadership reiterated its intention to stick with its 10-year plan and increased its quarterly dividend, driving the company’s share price up more than 4.5%.
November 6, 2023
No Money Down: Analysts See Logic in Chevron, Exxon M&A Strategy
Analysts are supportive of Exxon Mobil and Chevron’s all-stock deals in response to some grumbling among stockholders, saying the supermajors are saving cash for optionality and avoiding debt.
November 1, 2023
Analysts: EQT Integrates $5.2B Tug Hill Deal Faster Than Expected
EQT’s 1,000-item checklist for Tug Hill integration is nearly three quarters complete, and an analyst said the company is integrating its new assets faster than previous acquisitions.
October 29, 2023
MLP Mach Resources’ IPO Gets Off to Solid Start
Led by Chesapeake Energy co-Founder Tom Ward, Anadarko Basin E&P Mach Resources is the second public offering by an MLP this year.
October 25, 2023
Analysts Mildly Skeptical of Exxon’s Expected Free Cash Flow Boost from Pioneer Deal
During and after a conference call about the Pioneer acquisition, Exxon Mobil’s claim of a $6 billion free cash flow increase received light pushback as analysts expressed some skepticism.
October 12, 2023
Civitas Resources $1B Senior Notes Offering to Fund Vencer Acquisition
The unsecured notes offering will finance Civitas Resources’ Vencer Energy acquisition, another funding step in the company’s multibillion dollar expansion into the Permian Basin.
October 11, 2023
Vitesse Announces $50MM in Non-op Williston Acquisitions
Vitesse Energy's $50 million worth of acquisitions in oil and gas interests in the Williston Basin are “a good move" and come at a time when the price of oil is higher due to attacks in Israel, says Donovan Shafer, Northland Capital Markets senior research analyst.
October 9, 2023
The Robots Are Coming: Company Gets $5MM to Build More Robots
Square Robot’s $5 million in new funding will boost the small, growing robot fleet from seven to 11 to inspect inspect tanks used in oil and gas.
October 9, 2023
Cautious Lenders Square Off with Cash-rich E&Ps
Bankers said there is caution among lenders and borrowers, but the energy sector has some advantages over other industries.
October 6, 2023