A&D - People & Companies - July 18, 2019Antero Resources Corp. appointed
Benjamin A. Hardesty lead director after
Warburg Pincus partners Peter R. Kagan
and James R. Levy resigned from the
board following the investment bank’s
divestment of the company’s equity.
Antero’s board has been reduced to
seven directors as a result, including five
independent directors. Chevron Corp. named David
Inchausti corporate VP and comptroller
to replace Jeanette Ourada, effective
June 16. Inchausti will report to VP
and CFO Pierre Breber....
Jul 18, 2019
PS - People & Companies - May 02, 2019Big Star Energy, oil and gas
exploration and production company with
operations in Dawson County, Texas,
appointed Trent Spry as an executive
director. He has previously worked with
BHP Petroleum, Woodside Energy, RPS
Energy and Entek Energy. Chaparral Energy Inc. appointed
Marcus “Marc” Rowland to serve as an
independent director of the board, effective
April 10 to succeed David
Geenberg who resigned as a
member of the board on March
11. Rowland is the founder and senior
managing...
May 02, 2019
What the Analysts are saying about E&P – February 21, 2017Comstock Resources (CRK; $12.71-Jan. 26; Outperform) Long-term growth visibility expanding; upgrading to outperform. CRK’s nearly 50% increase in proved reserves adds to the growing body of constructive reports from the firm. The company's growing operational momentum, balance sheet restructuring, and expanding strategic opportunity have created a compelling investment case. Despite the outsized move trading yesterday, we see the upcoming debt/equity swap, as a key catalyst to propel...
Feb 21, 2017
Who's Hot, Who's Not - August 26, 2014Upgrades:• Athlon Energy (ATHL/$42.69/$26.50/$51.63/$4.38B) from Accumulate to Buy by Tudor Pickering Holt.• Bill Barrett Corp (BBG/$22.21/$20.59/$30.69/$1.12B) from Neutral to Buy by Global Hunter Securities.• Carrizo Oil & Gas (CRZO/$58.32/$32.34/$70.49/$2.71B) from Hold to Accumulate by Tudor Pickering Holt.• Chesapeake Energy Corporation (CHK/$26.02/$23.92/$31.49/$17.32B) from Hold to Buy by Stifel.• Clayton Williams Energy Inc....
Aug 26, 2014
Financial Takes - June 13, 2014Parsley Energy (PE; $22.20--May 23; Not Rated; PT: N/A)PE IPO shines in debut session. In its first trading session, Permian producer Parsley Energy (PE) rose 20% or $3.70 to close at $22.20 per share Friday. The corporation previously priced an upsized 50MM share offering Thursday night at $18.50 per share, above the targeted $15-18/share range. These trading developments bode well for the wide swath of Permian players seeking additional investor funding to enact their development...
Jun 13, 2014
Oak Valley takes assets public in reverse mergerPrivate Eagle Ford-focused upstreamer Oak Valley Resources is venturing into the public equity market through a reverse merger with fellow upstreamer Earthstone Energy. Under the deal, Earthstone will pay 9.1 million shares of common for Oak Valley's assets, which include $138 million in cash counting $107 million in capital commitments. Post-deal, Oak Valley will hold 84% of Earthstone's 10.9 million shares outstanding.Oak Valley is an Eagle Ford pure-player with 2,150 boepd in...
May 15, 2014
Who's Hot, Who's Not - March 13, 2014Upgrades:• Access Midstream Partners LP (ACMP/$55.67/$38/$59.19/$10.53B) from Hold to Buy by Wunderlich.• Anadarko Petroleum (APC/$82.84/$73.60/$98.47/$41.73B) from Hold to Buy by Argus.• Bristow Group Inc. (BRS/$76.23/$57.70/$85.70/$2.76B) from Equal Weight to Overweight by Barclays.• Cabot Oil & Gas (COG/$35.26/$31.63/$41.78/$14.68B) from Neutral to Buy by UBS.• Cimarex Energy Co. (XEC/$109.69/$62.98/$117.99/$9.54B) from Sector Perform to Sector...
Mar 13, 2014
Who's Hot, Who's Not - June 7, 2013Upgrades:• Apache (APA/$84.75/$67.91/$94.87/$33.21B) from Hold to Buy by Deutsche Bank.• Atwood Oceanics Inc (ATW/$54.52/$34.93/$56.40/$3.59B) from Neutral to Buy by Goldman Sachs.• Baker Hughes (BHI/$45.38/$37.08/$50.97/$20.05B) from Hold to Buy by Jefferies.• Bill Barrett Corp. (BBG/$21.99/$15.42/$27.01/$1.04B) from Neutral to Accumulate by Global Hunter Securities• Cheniere Energy Partners LP (CQP/$29/$17.59/$31.25/$9.45B) from Equal Weight to...
Jun 07, 2013
Who's Hot, Who's Not - Jun. 25, 2012Upgrades:Chesapeake Energy (CHK/$18.33/$13.32/$35.75/$11.8B) from Sell to Hold by Argus.Comstock Resources Inc. (CRK/$14.10/$11.05/$33.63/$679.85M) from Hold to Buy by Stifel Nicolaus.Continental Resources (CLR/$64.71/$42.43/$97.19/$11.62B) from Buy to Hold by Jeffries.EOG Resources, Inc. (EOG/$87.08/$66.81/$119.97/$23.44B) from Neutral to Buy by UBS.Forest Oil (FST/$6.54/$6.60/$28.22/$748.23M) from Hold to Buy by Canaccord Genuity.Foster...
Jun 25, 2012
Floyd Wilson's Halcon Resources acquires RAM EnergyRAM Energy Resources kicked off the new year with a transformational capital investment and a new leader. Halcon Resources, a newly formed company led by former Petrohawk chairman and CEO Floyd C. Wilson, acquired 74% of RAM by agreeing to invest $550 million in the Tulsa-based company. The investment is comprised of $275 million, a $275 million five-year convertible note, and warrants for the purchase of 110 million additional shares of common stock. Wilson will become chairman and CEO of RAM...
Dec 22, 2011
Bakken Quick News Briefs - May 29, 2014• In the past six months, the number of directional rigs decreased from 15 to 14, horizontal rigs increased from 157 to 167 and vertical rigs decreased from 9 to 2.• The Roosevelt Co., MT rig count decreased from 10 to 2 over the past two years.• The McKenzie Co., ND rig countincreased from 60 to 69 over the past six months.• The Dunn Co., ND rig count decreased from 25 to 21 over the past quarter.• The Mountrail Co., ND rig count decreased from 38 to 31 over the...
May 29, 2014
A&D News Briefs - December 5, 2012• Alberta Bakken explorer Big Sky Petroleum entered the Permian with the acquisition of an operated 90% WI (75% NRI) in a ~2,300-acre initial lease block targeting the Wolfberry play in the southern Midland Basin. The seller and purchase price were not disclosed. Big Sky estimates the acreage in Schleicher Co., Texas to hold 57 drilling locations at 40-acre spacing with D&C costs of $2.0-2.2 million and well EURs of 120,000 boe. An initial vertical test well is planned for 1Q13.•...
Dec 05, 2012