Despite relatively low rig activity, the Utica shows the strongest gains in production efficiency since January 2014 Baker Hughes Industries (ticker: BHI) released its weekly update on the number of rigs operating in the United States Friday, showing ten more rigs active in the country from last week. The Permian remains the most active basin in the country, but despite
Strong EnerCom Dallas conference registrations point to 2017 energy sector uptick EnerCom Dallas, EnerCom’s Texas-based oil and gas investment conference, will bring together a slate of upstream producers and oilfield technology innovators working in key global oil and gas jurisdictions. If registrations from the institutional investment community are any indication, the energy sector should be looking for a banner year in 2017.
PLS Capitalize™ Report: Oil & gas industry raised $186 Billion through U.S. public offerings in 2016; PLS predicts surge in M&A activity in 2017 Houston’s oil and gas research firm PLS Inc. provided the following statistical review of capital markets activity today, with the help of its capital markets tracking platform Capitalize™. Highlights of the PLS Capitalize™ report include: Aggregate
Investors valued debt-adjusted growth even more in 2016 The crash in oil prices which started at the end of 2014 exposed a number of oil and gas companies that had sacrificed their balance sheet in the name of growth. Many were left over-levered and forced to sell assets or file for bankruptcy in order to make it through the ensuing
Financial professionals are encouraged to register now for Netherland Sewell 2017 Oil & Gas Property Evaluation Seminars while seats are available Each year since 1994, Netherland Sewell & Associates, Inc. (NSAI), one of the industry’s most highly regarded petroleum consulting firms, has conducted its popular Oil & Gas Property Evaluation Seminars for non-technical financial professionals whose work relates to the
U.S. Product Demand Will Remain Below 200 Levels But Crude Production Will Rebound In its recently released Annual Energy Outlook 2017, the EIA outlines U.S. petroleum demand and production prospects through 2040. To deal with the always tricky business of oil and gas forecasting, EIA takes a scenario analysis approach, examining outcomes under six potential scenarios. These include a Reference
2017 M&A Market “Primed for Growth” 2016 merger and acquisition activity for the upstream energy sector in the United States more than doubled to $69 billion in 385 deals, according to market research firm PLS. Deal value increased 117% over 2015, which saw $32 billion transacted in 285 deals. $85 billion was transacted in 437 deals during the much higher-priced
With Physical Hedging on Rise, Production Response May Weaken With OPEC and non-OPEC production cuts on the horizon (although not guaranteed), institutions exposed to oil have shifted their outlooks for price risk, as reflected in their current positions in NYMEX WTI futures and options. As the WTI forward curve has shifted into backwardation, analysts are calling for swollen inventories to
ExxonMobil sees a rosy energy future underpinned by global oil and gas demand “Over the next several decades, we see seven key themes that will shape our energy landscape,” William Colton, ExxonMobil’s (ticker: XOM) VP of corporate strategic planning, said about the company’s newest energy outlook. “The future we expect to see in 2040 will be one of greater prosperity
E&Ps Locking in Cash Flows and Sales Prices OPEC’s agreement to cut production levels has kicked off a rush among shale oil companies to hedge their oil price risk above $50 for 2017 and 2018. The number of E&Ps selling oil for delivery next year has pushed the WTI forward curve into slight backwardation after two years of contango. Compare
Plains All American Pipeline, L.P. (ticker: PAA) today announced that it has completed an underwritten public offering of $750 million aggregate principal amount of 4.500% senior unsecured notes due December 15, 2026, at a public offering price of 99.716% with a yield to maturity of 4.535%. Total net proceeds of the offering were approximately $741.3 million. The Partnership intends to use
Proceeds to help TransCanada fund acquisition of Columbia Pipeline Group TransCanada Corporation (ticker: TRP) completed its public offering of Common Shares. The Offering was announced on November 1, 2016 when TransCanada entered into an agreement with a syndicate of underwriters led by TD Securities, BMO Capital Markets and RBC Capital Markets under which they agreed to purchase from TransCanada and sell
