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 unconventional 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 the 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 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 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.
Comstock Unloads Eagle Ford Shale Properties Comstock Resources Inc. (CRK) said July 1 it entered into an agreement with a private company to sell oil and gas properties in the Eagle Ford Shale in and around Burleson County, Texas, for about $115 million.
The properties being sold are producing about 1,900 barrels per day (bbl/d) of oil and 5.5 million cubic feet per day (MMcf/d) of natural gas. Proved reserves included about 3.7 MMbbl of oil and 3.9 Bcf of natural gas at year-end 2014.
Comstock, based in Frisco, Texas, intends to use proceeds to fund its 2015 drilling program and to enhance the company's liquidity as well as for other corporate purposes.
E&P Buyers, Sellers Seek Pint-Sized Shale Deals In Second Half 2015 Pragmatists may consider 2015 a bust for A&D, barring a few scattered transactions, but this could well be the year of the little deal.
Apart from the $3.9 billion Noble Energy Corp. (NBL) purchase of Rosetta Resources Inc. (ROSE), disclosed transactions have been on the mild side. Factoring out Noble’s purchase, 2015 E&P deal values have averaged about $67 million through June 30.
Nonetheless, companies at Global Hunter Securities’ GHS 100 Energy Conference in Chicago said they are continuing to plan for deals that will add core resources, double their company’s stake or just give them slightly better rock. E&Ps’ strategy hasn’t really changed: ambition, opportunity and simply rolling the dice on acreage remain strong motivators.