As oil prices stabilize and confidence returns to the patch, there’s been an uptick in oil and gas companies filing to go public. With prized assets in the industry’s promised lands, not all of them make it that far.
In the past month alone, two explorers that were headed for an initial public offering have instead become prey for acquirers: Brigham Resources Midstream LLC agreed to be acquired by Diamondback Energy Inc. for a total deal value of $2.43 billion, while Gulfport Energy Corp. agreed to buy acreage from Vitruvian II Woodford LLC.
2017-07-18 Segolene Royal, President, COP21: Hope Trump's Paris climate withdrawal is not irreversible
2017-07-12 Joe Zock, Tocqueville Asset Management, and Michael Block, Rhino Trading Partners: Oil inventories at surplus levels
2017-07-09 Dan Yergin, IHS Markit: Hard to re-balance supply oil markets
2017-07-09 Neil Beveridge, Senior Oil and Gas Analyst, Bernstein: OPEC Needs to cut production even more
2017-07-05 Richard Gorry, JBC Energy Asia: Oil market acting 'very rational' amid Gulf states fallout
2017-07-03 Paul Simons, Deputy Executive Director, IEA: Oil will reach greater market equilibrium in second half