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.
EQT Amasses More Marcellus Acreage For $680 Million With $2.2 billion of cash to spend, EQT Corp. (NYSE: EQT) said Oct. 25 it picked up a few things in the Marcellus Shale in deals that add 59,600 net acres and hundreds of locations to its portfolio.The bulk of the acreage, located in West Virginia and Pennsylvania, comes from Trans Energy (OTC: TENG) and affiliates of private E&P Republic Energy and other parties.The deals may be in response to Rice Energy Inc.’s (NYSE: RICE) $2.7 billion purchase of Greene County, Pa., acreage from Vantage Energy LLC.“EQT is answering investors' concerns on inventory after Rice's acquisition of Vantage Energy,” said Charles Robertson II, an analyst at Cowen and Co.
Clayton Williams Divests Eagle Ford For Permian Purity Another pure play Permian Basin company is born.Clayton Williams Energy Inc. (NYSE: CWEI) said Oct. 24 that it will sell its oily East Central Texas Giddings asset to an undisclosed party for $400 million.The transaction will free up capital for the company’s Delaware Basin holdings in Reeves and Ward counties in Texas. Some of the proceeds will also be used to pay debt.The Giddings Field produces about 3,900 barrels of oil equivalent per day (boe/d), 80% of which is oil. The deal will lop off about one-third of the company’s second-quarter 2016 production; Giddings’ proved reserves were 9.7 MMboe as of Sept. 30. The company has about 160,000 net acres in the field.