Finance - Debt & Equity

Cavalcade Midstream Makes $150 Million Partnership With Pearl, Old Ironsides, NGP

San Antonio-based newcomer is focusing on projects in the Permian Basin.

OPEC Needs To Cut Output By 700,000 bbl/d More For Brent To Hit $70

Oil producer cartel OPEC and its partners will need to keep production lower than their agreed target through 2019 for benchmark Brent crude to come back to $70 a barrel (bbl), oil and gas consultancy Rystad Energy said.

Reuters

Forty Under 40: Jacob Nagy, Petrie Partners

Petrie Partners’ Jacob Nagy, an energy investment banker who has packed a lifetime’s worth of accomplishments into his 11-year career, is today’s Forty Under 40 honoree.

Equitrans Midstream Plans To Simplify Structure, Eliminate IDRs

The Equitrans Midstream simplification transactions, which follow a recent wave of MLP consolidation, are expected to address the company’s IDR overhang, says CEO.

Emily Patsy

Forty Under 40: Zach Kayem, EnCap Flatrock Midstream

Today’s Forty Under 40 honoree is Zach Kayem, vice president at EnCap Flatrock Midstream who supports the sourcing and management of the venture capital firm’s portfolio.

Forty Under 40: Jimmy Crain, EnCap

Jimmy Crain, partner of EnCap Investments and a member of the leadership team at the private-equity firm’s Dallas office, is today’s Forty Under 40 honoree.

Forty Under 40: Jason Craig, Denham Capital

Today’s Forty Under 40 honoree is Jason Craig, managing director at Denham Capital who said his goal is to help bring the private-equity provider into what he calls the “post- resource-grab era.”

Cibolo Energy Partners Closes Inaugural Fund Raising $245 Million

Cibolo said its inaugural fund will target upstream and midstream companies seeking credit alternatives to finance growth via acquisition or accelerated development capital.

Energy IPOs Continue Backlog

The number of energy IPOs will likely not increase in the near-term as oil and gas companies wait for investor appetite to return, analysts say.

Ellen Chang

Riyadh Insists Saudi Aramco IPO Remains On Course

Khalid Al Falih, the Saudi energy minister, dismisses reports that Aramco’s IPO listing has been axed but says timing is flexible.

Ed Crooks and Anjli Raval, Financial Times

Diamondback Energy’s Rattler Midstream Files IPO

Diamondback’s decision to take its Rattler midstream subsidiary public is the latest move by an E&P to address takeaway capacity concerns in the Permian Basin.

Darren Barbee

Energy Buyout Firm Tailwater Raises $1 Billion For Latest Fund

The fundraising by Tailwater Capital underscores how private equity firms are looking to invest in pipeline assets amid undercapacity that has stranded crude oil in areas like the Permian Basin.

Reuters

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