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.
2017-04-25 Deepa Venkateswaran, Bernstien: UK government energy price cap 'sheer politics'
2017-04-23 Gary Cohn, National Economic Council Director, Institute of International Finance: Cheap Energy is a competitive advantage
2017-04-23 David Seaburg, Cowen & Co. and Larry McDonald, ACG Analytics: Five-month low for energy
2017-04-15 Jeroen van der Veer, former CEO, Royal Dutch Shell: Underinvestment Keeps Oil Prices High
2017-04-15 Charif Souki, CEO, Tellurian :Oil, Gas Make 'Two-Commodity World'
2017-04-14 Stephen Davies, CEO, Javelin Wealth Management: Oil Price recovery to be capped