Our Blog
BP Now a Target?
“World Oil” reports that with BP’s settlement of government claims related to the Macondo blow-out the company has now become a potential takeover target. The company has agreed to pay federal and state governmental entities $18.7 billion in return for dropping all further claims related to the disaster. BP still faces litigation from businesses and… Read More
Lessons from the ATP Bankruptcy
“Rigzone” reports that by 2013 the Deepwater Horizon disaster, the subsequent drilling moratorium, and expensive long lead time projects, had forced ATP Oil & Gas into bankruptcy. Charles Kelley and Sean Scott, the attorneys with Mayer Brown LLP who guided ATP through Chapter 11, relate valuable lessons for other oil and gas companies. Leverage has… Read More
New Big Oil Model
“World Oil” reports that in a recent study by investment bank Morgan Stanley and the Boston Consulting Group, the authors state that the major international oil companies need a new business model to increase shareholder returns in today’s price environment. The study maintains that share prices could be increased 50% if their recommendations are implemented.… Read More
FourPoint Acquires Assets
In 2012 Apache Corporation purchased Cordillera Energy Partners III, LLC. The Cordillera leadership team then formed FourPoint Energy, LLC. Now, “Rigzone” reports that FourPoint is purchasing 250,000 net acres, primarily in Roger Mills and Ellis Counties in Western Oklahoma from Chesapeake Energy. Included are 1,500 wells producing 21,500 barrels of oil equivalent per day from… Read More
Promise of the Wolfcamp Delaware
A recent article in “World Oil” cites a study by consulting group IHS projecting significant upside in the Permian Basin’s Wolfcamp Delaware play. In fact, the report states that the structure has the potential to sustain operators through the current period of depressed prices. However, in order to maintain profitability operators are currently “retreating to… Read More
