Post Tagged with: "SPAC"

Investors Handed an Oilman a ‘Blank Check’ Company. Here’s How It Turned Out.

Investors Handed an Oilman a ‘Blank Check’ Company. Here’s How It Turned Out.

From The Wall Street Journal

Two years ago, investors handed veteran oilman Jim Hackett a $1 billion check and sent him to seek riches in shale drilling.

Today, the company he founded with their money, Alta Mesa Resources Inc., has …

Mark Papa, CEO of EOG Resources photographed in the lobby of Heritage Plaza in Houston, Texas on Thursday, January  21, 2011. © 2011 Robert Seale 

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Go Public On a Blank Check? It Can Work If You’re an Energy Star

From Bloomberg

For the past two years, the hottest way to start a new oil company in the U.S. has been asking investors to write a blank check. Just launch a publicly traded corporation called a special purpose acquisition company—or …

January 8, 2019 - 3:02 pm Closing Bell Story‎, Energy News
Former OXY Heavyweights Steve Chazen and Chris Stavros Join Forces in $2.7-Billion SPAC Deal

Former OXY Heavyweights Steve Chazen and Chris Stavros Join Forces in $2.7-Billion SPAC Deal

TPG Pace Energy acquires EnerVest’s South Texas Division in $2.66 billion handshake; forms new public company – Eagle Ford, Austin Chalk pure-play – Magnolia Oil & Gas Corp.

TPG Pace Energy Holdings Corp. (ticker: TPGE), an energy-focused special purpose acquisition …