Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Letter from Stockholm: Lundin trial could set corporate precedent
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan
US shale response to oil price boost may be muted
Behind the rig count data lie differences between public and private operators, acreage questions, the lure of returns and unwavering capital discipline
Brent without Brent: The role of North Sea oil in global prices
The inclusion of WTI Midland in the Brent benchmark has boosted volumes, but with Brent blend taking a backseat, why not just use WTI as the global benchmark?
The oil market’s new polymorphism
From crude flows to oil prices, S&P Global Commodity Insights highlights the market’s ability to overcome adversity, albeit with costs involved
Markets facing distillate squeeze
Crude production cuts and refinery outages mean high prices are looming for heating oil and diesel this winter, and greater shale output will do little to help
Lack of oil and gas investment could be serious issue, warns IEF’s McMonigle
Secretary General believes linear and ideal forms of energy transition will be difficult to achieve especially with false narratives around peak oil demand
US Gulf continues to refine hurricane response
Another Atlantic hurricane season is well underway and expected to peak in September, while the oil and gas industry on the US Gulf Coast continues to watch the weather with caution
US SPR squeezes Saudi economy
Action by consuming governments has shown they can significantly affect oil prices and put a spoke in OPEC’s wheels
Kosmos unfazed by Greater Tortue Ahmeyim delay
Postponement of large LNG project does not seem to have derailed Kosmos’ expansion or capex plans
Consensus forms behind rising crude prices
Saudi cuts and slowing US output add to improved demand outlook
Drilling in the Eagle Ford
US Corporate Markets
Anna Kachkova
29 March 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Baytex deal could signal incoming US M&A wave

Bumper cash flows along with diversification and consolidation strategies set stage for dealmaking

Oil and gas producers are primed to take advantage of huge profits and global economic uncertainty by ploughing their cash into the US M&A space. The firms’ newfound ‘war chests’ allow them to hunt for deals even with competing priorities of capex reinvestment, debt reduction, energy transition considerations and immediate shareholder returns. One of the major recently announced transactions—Calgary-based Baytex Energy’s move to acquire US independent Ranger Oil—illustrates some of the dynamics: diversification from single shale plays and building out a pipeline of new revenue streams, with the longer-term aim of more reliable payouts to investors. Not everyone agrees that Baytex’s

Also in this section
Asian gas industry group counts on rising demand
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
How the Yom Kippur war changed OPEC
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains
Appalachia’s gas faces infrastructure challenge
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
Letter from Stockholm: Lundin trial could set corporate precedent
Opinion
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search