X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 9 hours America Makes Plans to Produce Needed Rare Earth Minerals Domestically
  • 2 hours IS SAUDI ARABIA SENDING A MESSAGE TO BIDEN
  • 9 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Texas forced to have rolling black outs, primarily because of large declines in output from fossil fuel power plants
  • 2 days Former BP Exec "Biden not in war against oil" . . Really ?
  • 2 days Texas Supply Chain Massacre
  • 2 days Here we go - again: plug-in hybrids cost motorists more than what they were told
  • 5 hours Top Conservative Lawyer Says Trump Can Stand Trial
  • 5 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days An exciting development in EV Aviation: Volocopter
Clean Energy Investing Is Becoming A Bubble

Clean Energy Investing Is Becoming A Bubble

Investment in clean energy has…

EV Startup Launches Battery-Replacement Charging Network

EV Startup Launches Battery-Replacement Charging Network

A California-based startup has revealed…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

It’s Time For A Fire Sale In U.S. Shale

An all-stock acquisition in the Permian basin this week has made headlines for the two companies involved—Callon Petroleum and Carrizo Oil & Gas—but the implied value of the deal is multiple times lower than it would have been five years ago during the first wave of the U.S. shale boom.  

Pressured by meager returns, if at all, and lower—if any—returns to shareholders, smaller U.S. shale players are looking for economies of scale and acreage positions close to their current ‘sweet-spot’ operations.

Yet, the mergers and acquisitions (M&A) scene across the U.S. shale patch hasn’t been thriving this year, except for a one-time huge deal between large-cap companies, the Occidental/Anadarko tie-up, the likes of which occur once in half a decade.

Even with the current low deal multiples and low valuations, smaller companies aren’t rushing to close deals.

Those on the hunt for deals are carefully looking for quality over quantity and are not buying acreage that doesn’t materially improve the quality of their shale assets portfolio, Ryan Luther, a senior analyst with RS Energy, told Forbes contributor Christopher Helman. The analyst was commenting on the M&As in the U.S. shale patch and on this week’s announcement that Callon Petroleum and Carrizo Oil & Gas approved a definitive agreement under which Callon would buy Carrizo in an all-stock transaction valued at US$3.2…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News