World News: 14:45 GMT Tuesday 3rd December 2019. [KBRA via Businesswire via SPi World News]
KBRA believes that differentiation in the energy industry in terms of operational and financial risk management has increased. Some companies are becoming more disciplined in response to the industry’s challenging headwinds, while other energy companies have remained static. Mergers and acquisitions (M&A) activity in the sector is providing a useful litmus test into this dynamic. In this report, KBRA covers recent notable corporate M&A including Exploration & Production (E&P) transactions across the Permian, Denver-Julesburg (DJ), and Haynesville basins, as well as midstream and oil service mergers. KBRA will also discuss how acquirer and target company debt performed following the transactions and highlight some recent private acquisitions of public operators.
To read the report, click here.
Related Publications: (available at www.kbra.com)
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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
Business Wire: 14:45 GMT Tuesday 3rd December 2019
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