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.
NGL Energy Partners Closes $240 Million Preferred Unit Private Placement NGL Energy Partners LP completed its private placement of 10.75% Class A convertible preferred units with funds managed by Oaktree Capital Management LP, including a vehicle funded by Partners Group private markets investment manager, NGL said June 27.
On April 21, 2016, NGL entered into an agreement to issue $200 million of 10.75% Class A units to Oaktree. On June 23, 2016, NGL and Oaktree incrased the private placement’s aggregate amount to $240 million.
The net proceeds will repay outstanding revolving credit facility borrowings, which could be reborrowed to fund capex.
Byerley, Davis Join Matador Resources' Board Of Directors Matador Resources Co. (NYSE: MTDR) increased the size of its board of directors and appointed William M. Byerley and Joe A. Davis to the board, the company said June 27.
Byerley and Davis will both serve on the audit and corporate governance committees on Matador’s board.
Byerley retired in June 2014 as a partner with PricewaterhouseCoopers, which he joined in 1976 and where he became a partner in 1988. As an assurance partner for PwC, Byerley served energy and energy-related clients across the industry.