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.
Marketed: Chevron Interests, Permian Basin, Marcellus Shale Chevron Corp. (NYSE: CVX) is offering for sale interests in its Marcellus Shale and Permian Basin assets, according to EnergyNet, which has been retained to handle the transactions.In the Permian, the San Ramon, Calif.-based company is selling roughly 6,800 net acres, including producing assets, operated and nonoperated interests, in Ector and Andrews counties, Texas.Chevron is also selling interest in nearly 29,000 net acres in the Marcellus in Pennsylvania, as well as operations, in separate packages.
Despite JV, Whiting’s First Quarter Drains Bakken Behemoth The day WTI rises again to $50 per barrel, James Volker, chairman, president and CEO of Whiting Petroleum Corp. (NYSE: WLL), said his plan is a mixture of caution and temperance.While $50 would encourage Whiting to increase volumes, ramping up rigs and crews won’t be immediate.“We’d just like to watch that for at least a 90-day period if and when $50 is hit,” Volker said during an April 28 earnings call. “Most folks I’m aware of, we’d like to see that $50 number stay there for a quarter or so before moving ahead.”Volker made the comments following Whiting’s April 27 announcement that it had entered into a joint venture (JV) with an undisclosed party to continue drilling and completing wells in the Bakken.