Friday, September 19, 2025

Banks Becoming Increasingly Wary of Energy Defaults

Median Debt to EBITDA is 3.6 Times across 77 U.S. E&P Companies: EnerCom Analytics It happened when ‘lower for longer’ went from being a popular catch phrase to bitter reality. Today, bankruptcy has become an increasingly common word across the energy sector. Increasing federal oversight of oil and gas lending, decreasing cash flows and higher leverage ratios for oil and

Synergy and Noble Announce a $500 Million Wattenberg Deal this Week

The Colorado Supreme Court ruling against cities issuing frac bans must have caused sweet dreams for E&P operators all over the Wattenberg field in northern Colorado, where two municipalities had attempted to stop hydraulic fracturing. Before the ink could dry at the courthouse, new deals were announced. Synergy Resources (ticker: SYRG) announced a deal with Noble Energy (ticker: NBL) this week in which Synergy will acquire

A Story Made for Hollywood: How HAL and BHI Banged Heads to Accomplish a $35 Billion Merger that Went Up in Smoke

Halliburton + Baker Hughes Deal Dies, but their Intriguing Backstory Lives On Now that the Halliburton+Baker Hughes (tickers: HAL, BHI) merger deal is going into the history books as an official bust (as of yesterday’s announcement), it’s entertaining to read the backstory behind the making of the deal that would have created the world’s second largest oilfield services company. The chain of