Finding the A&D Sweet Spot Building a sustainable advantage
While the world waits for oil prices to stabilize, the A&D community is lining up billions of dollars to invest when the time is right. Whether or not recent multi-billion dollar deals with Noble Energy and Shell will signal the next wave of mergers and acquisitions remains to be seen. But one thing is for sure – BD executives are on the search for deals that give their companies a strategic advantage in North America's prolific plays. And larger, well-capitalized companies are poised to leverage their equity position to acquire smaller, financially distressed companies. Where will you be when the next wave of deals takes place?
This September, the 14th annual A&D Strategies and Opportunities conference and workshop will unite 500+ BD executives, A&D professionals and industry analysts in Dallas for two days of networking, deal making and interactive conference sessions. Widely regarded as a catalyst for initiating some of the industry's biggest deals, this is the ONE event you can't afford to miss! Click here to view photos from the 2014 event.
A&D–The Workshop and Shark Tank – Back by popular demand! Wednesday, September 9
The day before the conference, roll up your sleeves and get into the action at the 2015 A&D–The Workshop! This uniquely-interactive pre-conference workshop gives upstream business development newcomers, veterans and financial partners alike hands-on experience applying todays successful A&D tactics. Get a first-hand look at the nuances of deal making (including types of transactions, seller expectations and negotiating tactics). Plus, hear directly from top industry professionals throughout the workshop. Click here to view the 2015 Workshop agenda.
Israel's Delek Buys Stake In North Sea Oil Producer Ithaca The investment arm of Israeli gas firm Delek Group Ltd. has acquired a near 20% stake in North Sea-focused oil producer Ithaca Energy Inc. for $66 million, the companies said on Oct. 9.
The deal underlines investors still see value in North Sea related businesses, despite a slump in oil prices and high operating costs in one of the world's most mature oil and gas basins.
Ithaca, whose London-listed shares have sunk more 60% since the oil price started to decline in June 2014, said it would use Delek's investment to strengthen its balance sheet and reduce debt.