Capitalize, PLS Inc.’s proprietary comprehensive capital markets tracking platform, released a statistical review of the oil and gas industry’s capital markets activity for calendar year 2017. Key findings: $34 billion in equity raised through offerings in 2017, down 36% from 2016’s $53 billion Of 2017’s eight upstream equity offerings, six were SPACs Big names such as Hess, Antero and BP spun off midstream MLPs $95 billion total debt issued in 2017, down 24% from 2016’s $124.8 billion Midstream sector led debt issues with $38 billion of $95 billion total Upstream equity deals down by two-thirds Though upstream equity deals in 2017 decreased by 67% year-over-year to $10.6 billion, the year ended with an upstream upswing with fourth quarter equity offerings totaling $1.9 billion or 139% higher than the previous quarter. The industry’s total equity raised in 2017, according to PLS’ Capitalize, amounted to $34 billion, a 36% drop from 2016’s[Read More…]