There are two sides to every deal – and Oil and Gas Investor's 15th annual A&D Strategies and Opportunities Conference and Workshop explores how to successfully navigate both. As oil prices stabilize, buyers actively search for deals to strengthen their portfolios. And following the spring bank redeterminations, many companies need to sell assets to stay in the game. Experts predict the next big wave of A&D and M&A deals is on the horizon. But the all-important question remains, "What’s the right price?"
Join 500+ BD executives, A&D professionals and industry analysts in Dallas this September for two days of networking, deal making and targeted conference sessions. Secure your seat now before the most anticipated oil and gas business development event of the year sells out!
A&D–The Workshop and Shark Tank Wednesday, September 7
The day before the conference, roll up your sleeves and get into the action at A&D–The Workshop and the Shark Tank! This uniquely interactive pre-conference workshop gives upstream business development newcomers, veterans and financial partners hands-on experience applying 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.
Managing Director and Head of US Business Scotiabank
CEO Titanium Exploration Partners
President Halcon Resources Corp.
Rimrock Resource Partners Buys 24,500 Net Acres In The Scoop Rimrock Resource Partners LLC closed a $150 million acquisition of Scoop assets in the Midcontinent—a region bubbling with A&D activity despite the downturn, the company said July 28.The acquisition covers about 24,500 net leasehold acres, 100% HBP, in Oklahoma’s Scoop Play. The acreage is located mainly in the Golden Trend, which is primarily in Garvin, McClain and Grady counties, Okla., in the Anadarko Basin. The seller was not disclosed.The acquired assets also include production of about 2,100 barrels of oil equivalent per day and 3,100 net mineral acres. The Midcontinent saw six deals of at least $100 million in second-quarter 2016.
Shell, Phillips Boost Shares In Explorer Pipeline Two midstream majors said on July 25 that they would increase their equity interests in Tulsa, Okla.-based Explorer Pipeline Co.Shell Midstream Partners LP (NYSE: SHLX) will purchase a 2.62% share of Explorer in a transaction that expands its refined products line. The interest will be divested by Shell Pipeline Co. LP, which retains a 35.97% interest in Explorer.Phillips 66 Partners LP (NYSE: PSXP) also agreed to acquire an additional 2.5% equity interest in Explorer, increasing its total to about 22%. Phillips said in a statement that the acquisition is expected to be immediately accretive to unitholders and funded with cash and borrowings under its revolving credit facility.