The recently announced mergers and acquisitions of smaller, growth-oriented independents by large exploration and production (E&P) companies bodes “very well” for U.S. drilling activity over the intermediate term, especially in the Rocky Mountains and the Permian Basin, according to the latest Raymond James’ Stat of the Week.
Mergers
Articles from Mergers
Analysts: Few E&P Mergers Expected
The announced merger of Kerr-McGee Corp. and Westport Resources Inc. is not likely to spur a lot of merger and acquisition (M&A) activity among producers, RBC Capital Markets said in new Oil & Gas Exploration and Production report.
Global Gas Merger and Acquisition Activity Sinks in ’03
The number of gas and power mergers and acquisitions across the globe fell sharply in 2003 to a historical low, but gas deals fared the worst, plummeting 91% in terms of total value, according to an annual report released Monday in London by PricewaterhouseCoopers.
Global Gas Merger and Acquisition Activity Plummets in ’03
The number of gas and power mergers and acquisitions across the globe fell sharply in 2003 to a historical low, but gas deals fared the worst, plummeting 91% in terms of total value, according to an annual report released Monday in London by PricewaterhouseCoopers.
Study Finds Producers with Strong Gas Assets Hold Competitive Advantage
Through mergers and acquisitions, most of the top 10 oil and gas companies have made concerted efforts to achieve higher returns and greater cost efficiency, and they now hold the financial ability to strengthen their portfolios even more, according to a study by PIRA Energy Group, a New York-based energy consulting firm.
Study Finds Producers with Strong Gas Assets Hold Competitive Advantage
Through mergers and acquisitions, most of the top 10 oil and gas companies have made concerted efforts to achieve higher returns and greater cost efficiency, and they now hold the financial ability to strengthen their portfolios even more, according to a study by PIRA Energy Group, a New York-based energy consulting firm.
S&P: M&A Opportunities Exist for E&Ps, But Watch the Balance Sheet
Mergers and acquisitions (M&A) between U.S. exploration and production companies continued on a slow pace in the second quarter, and unless oil and gas prices sustain a rise in the final half of the year, the lull could continue, as sellers hold their ground and refuse to drop their prices, said Standard & Poor’s in a new ratings round-up of domestic energy companies.
S&P: M&A Opportunities Exist for E&Ps, but Watch the Balance Sheet
Mergers and acquisitions (M&A) between U.S. exploration and production companies continued on a slow pace in the second quarter, and unless oil and gas prices sustain a rise in the final half of the year, the lull could continue, as sellers hold their ground and refuse to drop their prices, said Standard & Poor’s in a new ratings round-up of domestic energy companies.
Raymond James Sees Need to Focus on Hard Assets, Not Trading
Raymond James & Associates expects another wave of mergers and acquisitions in the wake of the Enron catastrophe, as marketing and trading companies come to the realization that hard physical assets are much more desirable than heavily leveraging a balance sheet to a trading desk.
Lehman: Production Inches Up in First Half of 2001
Lehman Brothers Analyst Thomas Driscoll said an “exhaustive analysis” of mergers and acquisitions among 47 large producers, who account for about 70% of domestic production, led him to conclude that production rose 1.5-1.6% over the past six months. A continuation of the first-half trends will lead to 3-3.5% year-to-year production growth by the end of the fourth quarter, Driscoll said. However, the significant decline in prices probably will have an impact on drilling in the second half of the year.