From CNBC CrowdStrike opened its first day of trading on the Nasdaq with a share price of $63.50, surging from its IPO price of $34. The company provides cloud-based security software to companies like Amazon Web Services and Credit Suisse. CrowdStrike recorded a net loss of $140 million for the year ended Jan. 31, while revenue more than doubled to
From Bloomberg Supply and demand both falling quickly, says BofA’s Blanch, Energy investors beat sector ‘to death’: RBC Capital Markets Oil flirted with bear-market territory as Saudi Arabia insisted OPEC will avert a global supply glut after international trade brinkmanship triggered the steepest monthly slump this year. Futures gained as much as 2.1% in New York on Monday before surrendering
By Tyler Losier, Energy Reporter, Oil & Gas 360 Increased Gas Processing Capabilities in Weld County Cureton Midstream, LLC, a Denver-based company founded in 2016, signed a commercial agreement this Tuesday with six unnamed E&P’s in the DJ Basin. Over the past year and a half, Cureton has been installing approximately 115 miles of high- and low-pressure gas gathering
By Tyler Losier Partnership seeks to acquire assets Investment firm KKR (stock ticker: KKR) is partnering with Western Natural Resources, with the intention of acquiring and producing undeveloped assets in the Williston Basin. This move is closely aligned with KKR’s Energy Real Assets strategy, which has grown to make up around $4 billion of its investment portfolio since the program’s
Law firm Baker Botts’ energy litigation team sent out an update on trends the lawyers are seeing relating to litigation and oil and gas development. Meghan Dawson McElvy is the firm’s point person in this practice area. The firm said that the traditional E&P buy-and-flip model for private equity energy firms consisted of putting acreage together with a management team
Another private equity – E&P exploration program Private non-op Houston Energy, L.P. announced that it has entered into a strategic agreement with a private equity firm for deepwater Gulf of Mexico non-operated exploration projects. [contextly_sidebar id=”PuCxewNxItAG5PhNsSOyacpIkm0tnWRm”] Houston Energy Co-Founder and Co-O Ron Neal said: “We are very pleased to enter into this venture and exploration program with our new private
Bonanza Creek Energy Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conference…
Spur, KKR start with Permian Northwest Shelf acquisition Looks like a new muscle car is pulling into the Permian Basin. And it’s powered by a full tank of high octane gas. Spur Energy Partners LLC, led by co-founder and former CEO of WildHorse Resource Development Jay Graham, and KKR (NYSE: KKR) have formed a partnership to acquire large, high-margin oil
ERC up 29 as strong productivity outweighs declining activity By Richard Rostad, analyst, Oil & Gas 360 Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count rise in April, breaking a four-month slide, with an effective 29 rigs coming online in
Goodrich Petroleum Announces Recent Developments and First Quarter 2019 Financial Results
EERC down for fourth straight month By Richard Rostad, analyst, Oil & Gas 360 Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count fell once again in March, with an effective 51 rigs coming offline in the month. The major shale
For now, Wall Street has turned off the shale funding spigot By Bevo Beaven, Editor, Oil & Gas 360, with Richard Rostad, Analyst Oil and gas funding is evolving. Initial public offerings, secondaries and follow-on equity raises are no longer an easy-to-turn-on cash spigot that sits ready to fill the bank accounts of public exploration and production (E&P) companies with
