Oil and Gas Investor Blog

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Firesale! Redeterminations Spark Asset Divestitures

Monday, March 16th, 2009 Posted in Uncategorized | Comments Off

Upstream producers have been waiting with held breath in dreadful anticipation of the feared borrowing-base redetermination season. This is when lenders will evaluate credit limits based on year-end price decks---price ... Read more..

Coming Soon: The A&D Watch Sports Page

Wednesday, March 11th, 2009 Posted in Uncategorized | 1 Comment »

Have you seen The Wall Street Journal recently? It's now sporting a sports page. Go figure. A financial newspaper lowering itself to covering sports, and in the traditional---not business---sense. Have advertising ... Read more..

Would Plains Bust Half Of Its Haynesville JV?

Friday, February 27th, 2009 Posted in Uncategorized | Comments Off

Plains E&P has revealed that earlier this month they amended their Haynesville JV deal with Chesapeake Energy to allow them to opt out of half of the deal. By the ... Read more..

Bilger: Tight Capital Markets, Lower Prices Keep A&D Activity Slow

Monday, February 23rd, 2009 Posted in Uncategorized | Comments Off

The present marketplace for upstream oil and gas assets is "very slow" as the only sellers are companies that must sell because of liquidity needs or to clean up their ... Read more..

The End Is Near! Of Energy Market Pain, That Is, According To Kaiser

Wednesday, January 7th, 2009 Posted in Uncategorized | Comments Off

When energy investor and Tulsa billionaire George Kaiser stepped up to the plate and slammed nearly $500 million into cash-strapped producers Chesapeake Energy Corp. and SandRidge Energy Inc. this past ... Read more..

What’s Your Corporate Credit-Crunched Stress Level?

Wednesday, December 10th, 2008 Posted in Uncategorized | Comments Off

According to Ernst & Young, if you're an E&P company duking it out in today's turbulent economic environment, you fall into one of three categories: • Good shape: tons of cash, ... Read more..

Chesapeake Is Not Going Bankrupt, And Other Exciting News

Tuesday, December 9th, 2008 Posted in Uncategorized | Comments Off

Chesapeake Energy Corp.'s mea culpa by cancelling its announced distribution agency agreements and cutting the planned shelf registration by half in a week's time is a fast act of strategic ... Read more..

The Next Big Hurdle: Redeterminations

Monday, December 8th, 2008 Posted in Uncategorized | Comments Off

As if it isn't bad enough out there already, cash-strapped E&Ps have a new boogey monster to fear: borrowing base rederminations. While companies are pulling in the reigns to match capex ... Read more..

GeoResources Deals In—Acquisitions Forthcoming

Wednesday, November 12th, 2008 Posted in Uncategorized | Comments Off

While company after company cuts capex in the midst of the present financial storm and are thinking more about selling assets than buying them, GeoResources took a look at its ... Read more..

Dan Pickering Says: The Music Has Stopped

Thursday, November 6th, 2008 Posted in Uncategorized | Comments Off

If you need money to do a deal in today's economic environment, it's quite expensive or just darn impossible, says Dan Pickering, co-president of Tudor Pickering Holt & Co. Securities ... Read more..