Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.
Post Oak Capital Backs Permian Team, Invests in Haynesville
Frost Cochran, managing partner at Post Oak Energy Capital, said the private equity firm will continue to focus on the Permian Basin while making opportunistic deals as it recently did in the Haynesville Shale.
ONEOK’s EnLink/Medallion Deal is Market-wise, Financially Astute
In addition to bolstering its multi-basin network, ONEOK pulled off a $5.9 billion transaction while leaving its credit rating intact.
‘Worried’ E&Ps Keep Merging as Shale Ages, Costs Rise—Kimmeridge
With just half as many public E&Ps around today as there were in 2017, Kimmeridge and Managing Partner Ben Dell think the E&P space still has—and needs—plenty more M&A.
Atlas Commissions 42-mile Dune Express Conveyor, Lowers 3Q Guidance
Atlas Energy Solutions said its Dune Express proppant conveyor remains on time and on budget, but the company expects lower revenue and EBITDA for the third quarter.
APA Curtails Natgas, NGL Output Amid Low Waha Prices
Apache parent APA Corp. curtailed more natural gas and NGL output than previously anticipated as it realized just $0.15/Mcf in the U.S.
After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory
After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.
Election-proof? Shale Likely Unaffected by Presidential Outcome
Under a Trump or Harris administration, shale producer’s focus on shareholder returns and market forces will likely influence E&Ps more than politics, Rystad Energy analysts say.
Bankers' Outlook for A&D: A Slow Unwinding of Asset Sales
Bankers from CrossFirst, Texas Capital, BOK Financial and Comerica say that after a sluggish season of asset level deals, divestitures will come from larger-scale M&A, but it will take time.
Lower Prices Spell Lower Oil Growth from Permian, US Shale: EIA
The U.S. Energy Information Administration reduced its forecasts for WTI oil prices and Lower 48 oil production growth in its latest Short-Term Energy Outlook report.