Thank you for attending the 2014 A&D Strategies and Opportunities Conference and Workshop
This year 550+ attendees and 29 speakers packed The Ritz-Carlton Hotel in Dallas, TX for a sold-out event. Attendees experienced two solid days of networking, deal-making, industry coverage and interactive learning opportunities.
The 2014 A&D Workshop also gave attendees a unique opportunity to test their negotiation skills through the ever-popular "Let's Make a Deal" Lab and the A&D Shark Tank. Both hands-on sessions allowed participants to practice today's most-successful A&D tactics in a fun competitive environment.
The conference may be over, but the conversation isn't. Find out what other attendees are saying about the 2014 A&D Strategies and Opportunities conference and workshop. We would love to hear about your experience too!
And be sure to save the date for next year’s event, scheduled September 9-10, 2015 at The Ritz-Carlton Hotel in Dallas, TX.
Guiding ArcLight: Rex Energy Gets Needed Joint Venture Rex Energy Corp. (NASDAQ: REXX) bought itself some time March 31, entering a joint venture (JV) with an affiliate of private equity firm ArcLight Capital Partners LLC in the Butler Operated Area of the Marcellus Shale.
Raising cash through asset sales and a much needed JV to address liquidity concerns has been a priority for the company. While REXX has liquidity to keep it afloat in 2015, beyond that its outspend was problematic, analysts said, adding the company will still need to sell assets to get on firmer ground.
The $67 million JV gives REXX, based in State College, Pa., the ability to weather 2015 and most of 2016 after its debt redetermination and relaxed debt covenants, said Gordon Douthat, senior analyst, Wells Fargo Securities.
“In the face of Wall Street doubts and commodity headwinds, execution on a JV is a positive first step in addressing leverage,” he said.
Citadel Exploration, Cibolo Creek Partners Sign LOI Citadel Exploration signed an agreement with private-equity investor Cibolo Creek for future acquisitions and development of California oil and gas assets. CEO Phil McPherson has worked with Cibolo’s principals.