How EnergyNet, The Ebay Of Oilfields, Is Gearing Up For A Wave Of Bankruptcies [Forbes]
BOK Financial Corporation (BOKF)
Last bok financial corporation earnings: 4/22 07:55 am
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Source: Forbes
From 2016, Chris Atherton, right, with Net cofounder Bill Britain, in a Texas oilfield.Justin Clemons, for Forbes. 2016.When deals dry up, there’s bad times ahead.Even if he hadn’t been paying attention to Covid-19 news or watching the price of oil ($13.24/bbl today), Chris Atherton, president of Net, would still be able to foretell the doom ahead for the oil sector just from the phone calls he fields from people looking to sell oilfields on his online platform. Dealing in oil and gas operations, royalty interests, undeveloped acreage, and more —it’s like Ebay, for oilfields.A year ago — with many oil companies flailing even with oil prices at $60 a barrel — Atherton, 43, was getting a lot of calls from companies eager to divest non-core assets and clean up their balance sheets. Back then, the interests they sold went for an average price of $42,000 per net flowing barrel per day (thus a 100 bbl per day field costs about $4.2 million). As 2019 went on, buyers got more picky, and selle
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BOKF
Earnings
- 10/21/24 - Beat
BOKF
Sec Filings
- 11/7/24 - Form 4
- 11/4/24 - Form 8-K
- 10/30/24 - Form 10-Q
- BOKF's page on the SEC website