2015 Who's Who in E&P A&D Directory
The Who’s Who Networking Directory
puts nearly 600 key A&D contacts’ email address, asset focus and deal interests right in front of you. Those listed are among the most respected deal makers as compiled by editors at A&D Watch and Oil and Gas Investor.
The 2015 directory serves as a useful tool to quickly find A&D professionals. It contains the most up-to-date information available. Companies are listed alphabetically, and an index provides A-Z listings by name.
Without doubt, 2015 has been tough on A&D so far
Anyone who doubted that shale oil and gas assets are the real deal is slinking away by now. Even with 1,000 rigs mothballed in the U.S. since 2014, the U.S. is estimated to produce 800,000 more oil barrels per day in 2015.
The validation is rewarding. It’s also hurting transactions. U.S. crude supply is up by nearly 80 million barrels since January. With so much supply, oil demand and price have plummeted.
Deals have flailed and many haven’t passed the talking stage as buyers and sellers have been unable to agree on what assets are worth.
In the best of times, knowing the right person to reach out to for a deal is vital. In times like these, it can mean the difference between making a transaction or watching it fall apart.
This issue of the annual Who’s Who in E&P A&D is a guidebook for you and your colleagues. It contains nearly 600 acquisition and divestiture professionals representing hundreds of companies. Inside are the people to talk to at companies such as BreitBurn Energy Partners, Hilcorp and Chevron.
Even in a down market, some major deals have changed the E&P landscape. Rosetta Resources was acquired by Noble Energy in a $3.9 billion deal that moves Rosetta’s Permian and Eagle Ford acreage to Noble’s side of the board. WPX Energy made a move in the Permian, buying RKI Exploration’s assets there for $2.8 billion. And private company FourPoint Energy bought Chesapeake Energy’s Anadarko Basin subsidiaries for $840 million.
But, overall, the first six months of 2015 saw U.S. E&Ps close $8.5 billion in deals, including leftovers from 2014. That’s nearly $15 billion less than first-half 2014 transactions, according to A-DCenter.com.
Nevertheless, the start of the second half of the year showed promise, as July alone accounted for $5.4 billion in announced deals.