Oil and Gas Investor | November 2015 | Volume 35 | Issue 11
TABLE OF CONTENTS
007 | FROM THE EDITOR-IN-CHIEF
No pain, no gain: Not the way we want to recover, but it will work.
011 | COMPLETIONS
Conventional assets offer their own attractions.
013 | ON THE MONEY
Middle East strife is wearing down global capacity.
015 | A&D TRENDS
Private equity reverts to an acquire-and-exploit strategy.
016 | EVENTS CALENDAR
019 | INSIGHTS FROM STRATAS ADVISORS
Russia has made a strategic mistake in Syria.
021 | NEWSWELL
Barclays revises its capex outlook for the industry.
087 | E&P MOMENTUM
The Lower Cotton Valley is turning in high-rate wells.
088 | U.S. EXPLORATION HIGHLIGHTS
096 | INTERNATIONAL HIGHLIGHTS
Iraq’s production is increasingly under pressure.
101 | NEW FINANCINGS
103 | COMPANY BRIEFS
106 | BRIGHT SPOT
Emily Newport is deep into deals at Jefferies.
108 | LEGENDS
King Kirchner invests with an eye on the “dirty glove angle.”
110 | COMPANIES IN THIS ISSUE
112 | AT CLOSING
Carl Icahn takes a stake in Freeport-McMoRan Inc.
TOPICS OF HIGHLIGHT
044 | UNLEASHING APPALACHIA’S GAS
Though constrained by takeaway capacity, the Marcellus and Utica gas plays are poised to disrupt the U.S. marketplace.
059 | MOVE OVER, OPEC?
After Citi said recently that oil might go as low as $20, Investor checked in with the bank’s award-winning energy economist.
063 | MONETIZING MIDSTREAM
E&Ps are moving to capture step-ups in valuation by spinning off or selling midstream assets.
069 | PRIVATE PLAYERS ON THE HUNT
Some private operators remain optimistic despite the downturn and are playing to their strengths.
075 | DUCs IN A ROW
More E&Ps are delaying completions as the downturn lengthens.
079 | U.S. FORTUNES IN CHINA
Service companies have built businesses in China more successfully to this point than have their upstream brethren.
083 | COMMODITY PRICE WHIPLASH
These warning signs can help prevent E&Ps from reacting irrationally to extreme oil price fluctuations.