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.
Vanishing Point? Vanguard Closes Stack Sale; Braces For Hit From Lenders Vanguard Natural Resources LLC (NASDAQ: VNR) closed its selloff of its Scoop and Stack acreage for less money than hoped and still expects to see itself overdrawn on its borrowing base.The net result will be a “small deficiency,” Vanguard Natural Resources CFO Richard A. Robert said in a May investor call. In such an event, the company has six months to pay off the overhang balance.While its peers—including Ultra Petroleum and Linn Energy—have fallen into bankruptcy, Vanguard has been on an offensive: selling assets in the Permian and Oklahoma, cutting expenses and knocking down its debt. The end result should be net cash flow and EBITDA going up despite lower production.
Keppel Will Enter JV For Offshore Russia Oil, Gas Operations Conglomerate Keppel Corp's offshore and marine unit signed a shareholders' agreement with Russian oil firm Rosneft and Norwegian drilling equipment firm, MHWirth, to set up a Singapore-incorporated joint venture (JV) company.The company will establish a design and engineering center in the Russian Federation, with initial projects from Rosneft for work related to shallow-water platforms, Singapore's Keppel Offshore and Marine said in a statement late on May 19.It will also seek work from other Russian and international customers.