Often seen as a contrarian, Steve Farris molded Apache Corp. through a disciplined acquire-and-exploit strategy, then drilled up the treasures to drive growth. The time may be ripe again for more acquisitions.
Oil and gas producing companies worldwide whittled 2009 exploration and production budgets as they watched oil price and gas prices tumble by more than 50%.
Good times have arrived for private-equity firms that have remaining capital to deploy, and for their existing portfolio companies, according to sources in today's special report, "Energy Capital and Start-Up E&Ps."
In this audio interview, NGP Capital Resources Co. senior vice president and managing director Kelly Plato discusses how his company is dealing with current capital concerns.
John Olson, co-managing partner for Houston Energy Partners, shared market outlooks for E&P and service companies at the Houston Producers Forum on Nov. 18.
Steve Farris, President, Chief Executive Officer and Chief Operating Officer of Apache Corp., speaks on Apache's acquisition growth strategy at the Apache offices in Houston.