Hints and tips:
...The combined company, which will also have operations in Latin America, will be led by Patterson-UTI chief executive Andy Hendricks....
...On Thursday, Patterson-UTI Energy and NexTier Oilfield Solutions agreed to merge in an all-stock deal that would create a bigger provider with an enterprise value of $5.4bn....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...“The dynamic of private equity putting more capital into some of these capital structures, this is not the last of that,” said Michael Patterson, a governing partner of HPS Investment Partners....
...Analysts will be watching shale companies’ drilling plans this earnings season for signs of a renewed focus on growth....
...Bridgewater’s top strategist Rebecca Patterson, by contrast, warned of the threat of stagflation as global trade comes under fire....
...They are also clearly more comfortable with drilling than renewables: Shell’s 2021 capital expenditure strategy called for putting $2bn-$3bn into renewables and $12bn in oil and gas....
...Simon Patterson, Silver Lake managing director, said RAC had adopted “an ambitious plan to invest in digital technologies to further improve the offering and relationships with customers, and we look forward...
..., a Denver-based drilling company....
...“It’s one more arrow in the quiver of opponents,” said Paul Patterson, an analyst at Glenrock Associates. “Environmentalists seem to be going after the economics more.”...
...The oil company has tapped debt markets, launched an initial public offering for its retail arm and brought international investors into its drilling, refining and trading businesses....
...Ian McIntosh, the chief executive of Louis Dreyfus Company, is retiring from the agricultural trading company less than two years after taking the position....
...EP Energy, whose drilling activities are focused on Texas and Utah, had been acquired by an investor group led by Apollo in 2012 for $7.2bn....
...“As [drilling] activity [from other oil companies] increases, this can probably happen again. It sets a precedent,” he said....
...Now shares in the real estate company are trading higher than the level of the Fortress bid, and with good reason....
...It flourished in the early days of the US shale drilling surge as domestic crude supplies rose and a ban on exports “kept shale oil production trapped in the US and enabled refineries to get their hands...
...Patterson-UTI Energy shares rallied after JPMorgan upgraded the company, which said it had agreed to acquire privately owned Multi-Shot, a directional drilling services company....
...Simon Patterson, managing director at Silver Lake, described ZPG as a “great growth technology company”, adding that it was “delighted to partner” with Mr Chesterman....
...Energy companies are increasingly looking to use the type of analytics often employed by companies such as Google and Amazon for consumer data across their operations, from boosting the performance of drilling...
...Many observers in the industry believe Saudi Arabia is pumping close to the maximum level it can without spending hundreds of millions of dollars on further drilling of its fields....
...The metals complex was trading lower on Friday, partly as a result of Standard and Poor’s cut to China’s sovereign credit rating on Wednesday, ING commodities strategist Warren Patterson said....
...Mr Patterson delivers exhaustive outlines and notes to co-authors. He told the Washington Post in 2011: “The success rate when I write the outline is almost 100 per cent....
...capital rather than pursuing a “one-sided strategy” of “merely drilling for growth’s sake”, particularly if commodity prices fall....
...However, Rice was still outspending its operating cash flows on drilling and completing new wells. It does not expect to be able to cover those costs from its own cash flows until 2019....
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