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.
Weld Played: Noble Energy, Synergy Resources Agree To D-J Basin Deal Fanfare may be hard to come by in the Denver-Julesburg (D-J) Basin these days, but Noble Energy Inc. (NYSE: NBL) and Synergy Resources Corp. (NYSE: SYRG) at least deserve a round of applause.Denver’s Synergy said they have a definitive agreement to buy Noble’s oil and natural gas properties in the Greeley Crescent area of Weld County, Colo. Synergy will buy 33,100 net acres, mostly undeveloped, for $505 million—a price that is roughly half of the company’s market capitalization.Synergy, headed by former Kodiak Oil & Gas co-founder Lynn Peterson, said that at closing, the company will have interests in about 47,200 net largely contiguous acres in its defined Wattenberg fairway area and additional 22,000 net acres of other Wattenberg acreage.
Marketed: Wyoming Leasehold, Yates Petroleum Yates Petroleum Corp. is offering more than 27,000 net leasehold acres in Wyoming through a sealed-bid offering.The acreage is located in Fremont and Natrona counties. EnergyNet has been retained by the Artesia, N.M-based company to handle the sale.