Stephen Lacey is US Editor for International Financing Review, helping to oversee editorial content across the region. He has particular expertise in coverage of the equity capital markets – IPOs, follow-on stock sales, and equity-linked securities – spanning the entire corporate life cycle, from venture and private equity to entry and maturation in the public markets.
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Hopes for more Indian listings in the US suffered a setback last week after Azure Power Global made a disastrous trading debut on the New York Stock Exchange.
RSP Permian agreed to pay US$2.4bn last week for privately held Silver Hill Energy Partners amid intensifying competition for drilling rights in the Permian Basin. The price paid is a near-record for acreage in the most productive US oilfield, depending on the valuation method.
As Opec contemplates capping oil production, US producers are rushing to accelerate the development of high-growth producing regions. The Denver-Julesburg Basin of northern Colorado is less prolific than the Permian Basin to the south, but is nonetheless an area of focus.