Capital, Credit & Cash Flow: The initial shock of the oil price drop is well past, and lower for longer is our current reality. Banks have tightened their covenants and RBL has shrunk; credit is hard to come by. Operators are focused on keeping production flat with the smallest amount of investment possible as they strive to stay cash-flow neutral. What is the new economics of the Eagle Ford? How are companies financing their activities? What is happening in the A&D space?
- Mark Sooby, managing director of Bank of America Merrill Lynch; and
- Mark Meyer, managing director and head of research at Tudor, Pickering, Holt & Co. Inc.
Recommended Reading
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
2024-04-23 - Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.