After months of posturing and wrestling for shareholder approval, the boards of Suncor (ticker: SU) and Canadian Oil Sands (ticker: COS) have reached a merger agreement.
The joint announcement, released on January …
Canadian Oil Sands (ticker: COS) gets its wish to remain an independent company – at least for the time being.
The hostile takeover attempt by Suncor (ticker: SU) failed to achieve the …
Ernst & Young is one of many analyst firms expecting energy-related divestitures and stock-for-stock deals to rise in 2016, and one of the year’s first deals could involve Canadian Oil Sands …
(Editor’s note: all figures in Canadian dollars)
On December 1, 2015, Canadian Oil Sands (ticker: COS) issued a press release with an accompanying conference call detailing its 2016 budget and …
Western Refining (ticker: WNR) is attempting to enhance its Midwest footprint, proposing a $2.56 billion buyout deal of Northern Tier Energy LP (ticker: NTI). WNR already owns 100% of the partnership and 38% of …
The board of Canadian Oil Sands (ticker: COS) turned down a $5 billion offer from Suncor (ticker: SU) two days after its initial proposal, offering a shareholder rights program and providing …
Energy Transfer Equity’s (ticker: ETE) long pursuit of Williams Companies (ticker: WMB) has come to an end.
On September 28, 2015, ETE announced the …
Sanchez Production Partners (ticker: SPP), a midstream-focused Master Limited Partnership, increased its footprint in the Eagle Ford with a $345 million cash acquisition announced on September 28, 2015. The assets, purchased from Sanchez Energy Corporation (ticker: SN) consist of 150 …
A single-day stock price drop of more than 17% was apparently enough for Weatherford International (ticker: WFT) to cancel its plans for a capital raise. WFT shares have recovered to an extent, but are still trading roughly 10% …
Analysts have pegged scores of oil and gas companies as potential takeover targets in the new commodity environment, but Williams Companies (ticker: WMB) is one of the few who has remained in the acquisition spotlight ever since a failed takeover …
While Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) labor over the fine print of their proposed merger, their top oil service rival is making moves of …
Calgary-based Encana Corporation (ticker: ECA) made a big jump in reducing its debt on August 25, 2015, selling the entirety of its assets in the Haynesville for total cash consideration of $850 million. The buyer, GEP Haynesville (a joint venture …
MPLX LP (ticker: MPLX), the master limited partnership (MLP) vehicle of Marathon Petroleum (ticker: MPC), has announced the oil and gas industry’s third-largest acquisition to date in 2015.
According to news releases from …
Crescent Point Energy (ticker: CPG) is expanding its presence in Alberta as the result of a stock for stock merger.
On July 2, 2015, the Calgary-based exploration and production company announced the purchase of Coral Hill Energy Ltd. for C$258 …
In an effort to strengthen its balance sheet, Cenovus (ticker: CVE) has sold its royalty unit to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. The unit, named Heritage Royalty Limited Partnership (HRP), is a …
Core Laboratories (ticker: CLB), a global leader in reservoir description, production enhancement and reservoir management services, announced the purchase of Sanchez Technologies …
Emirates National Oil Company (ENOC), a wholly owned entity of the Dubai government, will buy out Dragon Oil for $3.7 billion. Neither company has confirmed the announcement but several news outlets are reporting an agreement has been reached.
ENOC …
Ring Energy (ticker: REI) followed through on its acquisition comments in its Q1’15 conference call, announcing purchase of 14,000 net acres in the Delaware Basin in a news release on May 26, 2015. The $75 million transaction …
In a move designed to simplify the corporate structure, streamline governance and position itself for investment-grade ratings, Williams (ticker: WMB) is merging with its limited partnership subsidiary in an all stock-for-unit transaction. The merger is valued at $13.8 billion and …
Noble Energy (ticker: NBL) is a large-cap exploration and production company with oil and gas operations worldwide, but the Houston-based company previously held no assets in Texas. Until now.
On May 11, 2015, Noble Energy announced …
Gulfport Energy (ticker: GPOR) has increased its Utica Shale footprint to approximately 212,000 gross leased acres (208,000 net) with the purchase of 24,000 net nonproducing acres in Belmont and Jefferson …
Royal Dutch Shell (ticker: RDS.B) announced the recommended takeover of BG Group (ticker: BG) in a 75-page release issued on April 7, 2015. The cash-and-share purchase valued at roughly $70 …
Targa Resources (ticker: TRGP) and Targa Resources Partners (ticker: NGLS) has officially acquired the midstream assets of both Atlas Energy (ticker: ATLS) and Atlas Pipeline Partners (ticker: APL). The non-midstream assets of ATLS will be spun off to Atlas Energy …
Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP) announced plans for a definitive merger in a joint press release issued on January 26, 2015. The proposal consists of a unit-for-unit transaction with an implied value of approximately …
Kinder Morgan (ticker: KMI) may have the longest gas pipeline network in North America, but the continent’s third largest energy company (based on enterprise value), surprisingly, did not have a stake in …
The oil and gas industry may be bracing for a downturn in drilling operations, but Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) are entering 2015 on the heels of one …
Looming mergers and acquisitions is a popular debate in the sub-$60 oil market, and Spain’s Repsol (ticker: REPYY) made the first splash with the US$13.0 billion acquisition of Talisman Energy (ticker: TLM) on December 16, 2014. The deal includes $8.3 …
Whiting Petroleum (ticker: WLL) is officially the largest producer of the Bakken/Three Forks shale play, following its $6.0 billion purchase of Kodiak Oil & Gas on December 8, 2014. The transaction was first announced on July 13, 2014, and involves …
Includes $3.5 Billion Payout to Baker Hughes if Merger Fails to Gain Antitrust Approval
The rumblings of a landmark oilservices deal that began on Thursday evening came to fruition over the weekend. By Monday, November 17, 2014, Halliburton (ticker: HAL), …
Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) have begun preliminary talks of a merger, Dow Jones reported on November 13, 2014. BHI confirmed the report later in the evening but did not make any guarantees as to the completion …
