Acquisitions and Divestitures (A&D)

Source: Reuters

Lundin Energy sale would be better than a merger

Reuters


LONDON, Nov 30 (Reuters Breakingviews) – Sweden’s Lundin family may be getting itchy feet again. Oil and gas company Lundin Energy (LUNE.ST), in which the family holds a 33% stake, is considering a sale or merger, Bloomberg said

Source: Reuters

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

Reuters


HOUSTON – A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of …

Paloma Partners to acquire Goodrich Petroleum Corporation for $23.00 per fully diluted share for a total of approximately $480 million, including assumption of the company’s first lien debt

Paloma Partners to acquire Goodrich Petroleum Corporation for $23.00 per fully diluted share for a total of approximately $480 million, including assumption of the company’s first lien debt

Goodrich Petroleum Company


HOUSTONNov. 22, 2021 /PRNewswire/ — Goodrich Petroleum Corporation (NYSE American: GDP) (“Goodrich” or the “Company”) today announced that it has entered into a definitive merger agreement pursuant to which a subsidiary

Source: Reuters

Southwestern Energy to acquire GEP Haynesville for $1.8 billion

World Oil


SPRING, TX – Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion.

 

The …

Source: Reuters

Chesapeake Energy Corporation completes acquisition of Vine Energy Inc.

PR Newswire


KLAHOMA CITYNov. 1, 2021 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today announced it has completed its previously announced acquisition of Vine Energy Inc. (NYSE: VEI). The transaction was approved by Vine stockholders at a …

Source: Reuters

Phillips 66 to buy remaining stake in partnership for $3.4 billion

Reuters


Phillips 66 said on Wednesday it will buy the remaining units of Phillips 66 Partners it does not already own for $3.4 billion, as the refiner aims to simplify its governance and corporate structure.

Phillips 66 Partners was formed …

Source: Reuters

Crestwood Equity to boost U.S. shale footprint with $1.8 bln deal

Reuters


Oil and gas pipeline operator Crestwood Equity (NYSE:) Partners LP will buy Oasis Petroleum (NASDAQ:) Inc’s midstream unit in a $1.8 billion deal to expand its footprint in U.S. shale basins.

 

The cash-and-stock deal comes as oil and …

Source: Reuters

EXCLUSIVE U.S. slows down oil and gas mergers-sources

Nasdaq


NEW YORK/WASHINGTON – U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle soaring …

Northern Oil and Gas, Inc. announces Williston Basin Bolt-on acquisition

Northern Oil and Gas, Inc. announces Williston Basin Bolt-on acquisition

Oil & Gas 360


  • $154 million bolt-on acquisition of proved producing properties in the Williston Basin
  • >4,500 Boe per day of production (2-stream, ~65%
Fundare Resources closes the acquisition of the Redtail Assets from Whiting Petroleum Company

Fundare Resources closes the acquisition of the Redtail Assets from Whiting Petroleum Company

PR Newswire


Publisher’s Note: EnerCom worked with Fundare on logo development, branding and website design ahead of the closing the acquisition.

DENVERSept. 28, 2021 /PRNewswire/ — Fundare Resources Company, LLC (“Fundare”), a Denver based, independent exploration and production …

Source: Reuters

ConocoPhillips says Shell deal lowers emissions intensity

World Oil


HOUSTON (Bloomberg) –ConocoPhillips’s $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost the amount of carbon the company pumps into the atmosphere. Yet the company says the pact will actually allow it to …

Source: Fox Business

Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips

Fox Business


Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy …

Proxy advisor ISS recommends Cimarex shareholders vote for Cabot merger

Proxy advisor ISS recommends Cimarex shareholders vote for Cabot merger

Nasdaq


NEW YORK – Influential proxy advisory firm Institutional Shareholder Services (ISS) has cautiously recommended that shareholders of Cimarex Energy Co XEC.N vote for its proposed merger with Cabot Oil & Gas Corp COG.N, according to a statement seen …

Source: Reuters

Chesapeake doubles down on Haynesville shale gas with Vine Energy buy

Reuters


Chesapeake Energy Corp said on Wednesday it would buy Haynesville basin-focused rival Vine Energy Inc for $615 million, betting on the shale field’s proximity to the U.S. Gulf Coast export hub.

Dealmaking in the oil and gas sector has …

Source: Reuters

Petrobras says hires JPMorgan as adviser to sell Braskem stake

Nasdaq


SAO PAULO – Brazilian state-run oil firm Petroleo Brasileiro SA PETR4.SA has hired JPMorgan Chase & Co JPM.N as adviser to sell its stake in petrochemical company Braskem SA BRKM5.SA, three sources familiar with the matter said.

Earlier …

Source: Reuters

Pioneer CEO stays on the sidelines of latest shale M&A round

World Oil


HOUSTON –With more consolidation brewing in the largest U.S. oil patch, the boss of one of the largest independent shale producers says he’s not interested, and warned that investors are still skittish about deals.

“There’s no more reason …

Source: callon.com

Callon Petroleum’s Primexx acquisition sends its shares lower

World Oil


HOUSTON (Bloomberg) –Callon Petroleum Co. failed to win over investors Wednesday after announcing its biggest-ever acquisition to bulk up in America’s most prolific shale patch.

The Houston-based oil explorer agreed to buy closely held Primexx Energy Partners Ltd.

Razor Energy Corp. announces strategic light oil consolidation acquisition in Swan Hills, Alberta enhancing oil & gas, geothermal power, carbon capture, and hydrogen production opportunities

Razor Energy Corp. announces strategic light oil consolidation acquisition in Swan Hills, Alberta enhancing oil & gas, geothermal power, carbon capture, and hydrogen production opportunities

BOE Report


Publisher’s Note: FutEra Power will be presenting at EnerCom’s The Oil & Gas Conference on Tuesday, August 17, 2021 at 10:30am MST. 

CALGARY, Alberta – Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased …

Source: Reuters

Analysis: Riding the oil price rebound: Gulf states to accelerate asset sales

Reuters


DUBAI – Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalising on a rebound in crude …

Source: World Oil

Shell courts multiple suitors for its $10B Permian shale portfolio

World Oil


(Bloomberg) –Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter …

Source: Reuters

Kinder Morgan to purchase renewable natural gas developer Kinetrex Energy

$310 million acquisition includes two small-scale, domestic LNG production and fuel…

Source: Reuters

Brookfield sweetens offer for Canada’s Inter Pipeline to $6.85 billion

Reuters


Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.

Pembina has made an all-stock bid of about …

Source: Fox Business

Dominion Energy, Warren Buffett’s Berkshire Hathway Energy terminate Questar Pipeline sale

Fox Business

Dominion Energy and Warren Buffett’s Berkshire Hathaway Energy have agreed to terminate a planned sale of Questar Pipelines.

Dominion cited “ongoing uncertainty associated with achieving clearance from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of …

Source: Reuters

Japanese oil producer eyes Canada divestment as M&A picks up

Investing.com


Japanese state-backed oil producer Japan Petroleum Exploration Co (Japex) is seeking a buyer for its 75% stake in the Hangingstone oil sands facility in Canada, two sources with direct knowledge of the matter told Reuters.

Several global oil majors …

Source: Reuters

Eni to buy Italian wind portfolio from Glennmont in green drive

Reuters


MILAN – Eni ENI.MI has agreed to buy one of the largest onshore wind portfolios in Italy from fund manager Glennmont Partners as part of plans to expand its green energy business.

The Italian energy group will buy a …

Source: Reuters

EXCLUSIVE Shell plans to exit California joint venture with Exxon Mobil -sources

Reuters


Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N), four people familiar with the talks told Reuters.

Shell has divested numerous carbon intensive assets this year, …

Enverus acquires marginal unit to address power congestion, predictability and price impact

Enverus acquires marginal unit to address power congestion, predictability and price impact

Oil and Gas 360


Austin, Texas (June 29, 2021) — Enverus, a leading global energy data and SaaS technology company, announced today that it has acquired Marginal Unit Inc., a power market analytics firm that helps users understand the …

Source: Reuters

Shell buys BP’s stake in North Sea field, scrapping previous deal

Nasdaq


LONDON – Royal Dutch Shell RDSa.L said on Friday it had agreed to acquire BP’s BP.L 27.5% stake in the Shearwater North Sea gas field, raising its stake in the field to 55.5%.

 

Shell, which operates the Shearwater …

Source: Reuters

BHP divests oilfield stake in Gulf of Mexico for undisclosed sum

Reuters


Miner BHP Group BHP.AX sold its 35% stake in Neptune field in Gulf of Mexico to EnVen Energy Corp ENVN.N for an undisclosed sum, making the independent oil and gas company one of the largest operators of a major …

Private equity firm Hellman & Friedman acquires majority stake in Enverus

Private equity firm Hellman & Friedman acquires majority stake in Enverus

Nasdaq


April 13 – U.S. private equity firm Hellman & Friedman agreed to buy a majority stake in energy data and analytics provider Enverus from Genstar Capital, the companies said.

The deal values Enverus at $4.25 billion including debt, according …