Acquisitions and Divestitures (A&D)

Source: World Oil

Permian Resources adds 17,000 acres to portfolio following Earthstone Energy acquisition

World Oil


(WO) – Permian Resources Corporation announced a series of recent portfolio optimization transactions consisting of two bolt-on acquisitions, a sizeable acreage swap, a divestiture of non-core assets and additional grassroots acquisitions.

Recent acquisitions. Permian Resources recently executed …

Source: World Oil

Silver Hill Energy Partners enters Bakken with Liberty Resources acquisition

World Oil


WO) – Silver Hill Energy Partners, LP has signed definitive agreements with Liberty Resources II, LLC to acquire Liberty’s interests in oil and gas properties, rights and related assets in North Dakota.

Acquisition highlights. Silver Hill Energy Partners …

Source: Reuters

US oil and gas dealmaking reaches fever-pitch in 2023, Enverus says

Nasdaq


Blockbuster takeovers by oil and gas majors pushed the value of U.S. energy dealmaking last year to a record $192 billion, more than triple the amount in 2022, according to data from analytics firms Enverus on Tuesday.

Acquisitions in …

Source: Reuters

Sunoco LP to acquire NuStar Energy L.P. in transaction valued at $7.3 billion

Oil and Gas 360


DALLASJan. 22, 2024 /PRNewswire/ — Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and NuStar Energy L.P. (NYSE: NS) (“NuStar”) announced today that the parties have entered into a definitive agreement whereby Sunoco will …

Source: Reuters

W&T Offshore announces closing of accretive acquisition of six Gulf of Mexico fields

Oil and Gas 360


HOUSTON, Jan. 22, 2024 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (the “Company” or “W&T”) today announced that the Company has completed the accretive acquisition of six fields in shallow waters of the Gulf of …

Source: Reuters

Chevron to sell Duvernay shale assets following major Hess acquisition

World Oil


(Bloomberg) – Chevron Corp. has begun marketing its Duvernay shale holdings in Alberta as the oil giant divests assets following its agreement to buy Hess Corp.

Chevron plans to shed all of its 70% stake in the Western …

Prairie Operating announces acquisition of producing E&P assets

Prairie Operating announces acquisition of producing E&P assets

Oil and Gas 360


HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced it has entered into a definitive agreement to acquire the assets of Nickel Road Operating LLC (“NRO”) for …

Source: Reuters

Chesapeake Energy Corporation and Southwestern Energy to combine to accelerate America’s energy reach

Oil and Gas 360


OKLAHOMA CITY and SPRING, TexasJan. 11, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced that they have entered into an agreement to merge in …

Source: Reuters

Southwestern, Chesapeake Energy close to merger, WSJ says

Yahoo Finance


(Bloomberg) — Southwestern Energy Co., and Chesapeake Energy Corp. are close to a merger that would create a roughly $17 billion company, ranking as one of the largest natural gas producers in the US, the Wall Street Journal …

APA Corporation increases oil production from Permian basin with $4.5 billion Callon Petroleum acquisition

APA Corporation increases oil production from Permian basin with $4.5 billion Callon Petroleum acquisition

World Oil


(WO) – APA Corporation and Callon Petroleum Company have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. Under the terms of …

Diversified closes value enhancing asset sale

Diversified closes value enhancing asset sale

Oil and Gas 360


BIRMINGHAM, AL / ACCESSWIRE / January 2, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) is pleased to announce that it has closed an innovative transaction (the “Transaction”) that has allowed the Company to unlock additional value …

Source: World Oil

Crescent Point Energy to increase Canadian oil production with Hammerhead acquisition

World Oil


(WO) – Crescent Point Energy Corp. has successfully completed its acquisition of Hammerhead Energy Inc., an oil and liquids-rich Alberta Montney producer. The company is also provided its formal 2024 guidance and five-year plan, which are significantly enhanced …

Source: Reuters

Hess and Oxy emerge as top winners in Gulf of Mexico oil lease sale

World Oil


(Bloomberg) — Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus …

Source: World Oil

Shale bosses anticipate more oil megadeals — some express concerns about consolidation

World Oil


(Bloomberg) — Shale bosses are bracing for more megadeals in the U.S. oil industry — and some fear the consequences of consolidation. Executives predict more monster acquisitions after Chevron Corp.’s $53 billion takeover of Hess Corp. and Exxon …

Nabors Industries completes its most impactful energy transition investment to date

Nabors Industries completes its most impactful energy transition investment to date

Oil and Gas 360


  • Welcomes Vast to its Portfolio of Clean, Renewable, Scalable, Dispatchable Energy Technology Investments

HAMILTON, BermudaDec. 19, 2023 /PRNewswire/ — Nabors Industries Ltd. (NYSE: NBR, “Nabors”) issued the following statement today from Chairman, President and

Kodiak Gas Services, Inc. to acquire CSI Compressco LP in an $854 million all-equity transaction

Kodiak Gas Services, Inc. to acquire CSI Compressco LP in an $854 million all-equity transaction

Oil and Gas 360


  • All-equity acquisition to create the industry’s largest contract compression fleet of 4.3 million revenue-generating horsepower
  • Deepens Kodiak’s position in key operating areas, including over 2.8 million horsepower in the Permian Basin
  • Expected annual run-rate cost synergies
Source; World Oil

Tokyo Gas to buy Rockcliff Energy for $2.7 billion in U.S. shale push

World Oil


(Bloomberg) — Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Haynesville shale operator Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale gas operations.

 

Tokyo Gas …

Source: World Oil

Permian operator Callon Petroleum mulls options amid buyer interest

World Oil


(Bloomberg) — Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry.

The Houston-based company …

Battalion Oil Corporation announces acquisition by Fury Resources, Inc.

Battalion Oil Corporation announces acquisition by Fury Resources, Inc.

Oil and Gas 360


Houston, Texas, Dec. 15, 2023 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL) (“Battalion” or the “Company”) announced today that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Fury …

Pine Cliff Energy Ltd. announces closing of Certus acquisition

Pine Cliff Energy Ltd. announces closing of Certus acquisition

Oil and Gas 360


Calgary, Alberta–(Newsfile Corp. – December 13, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company”) is pleased to announce that it has completed the …

Source: Unit

Unit Corporation announces completion of Texas Panhandle asset sale

Oil and Gas 360


Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the “Divested Assets”) to a …

Source: World Oil

Freehold Royalties to attract ExxonMobil, Endeavor, others to Permian assets with $82 million acquisitions

World Oil


(WO) – Freehold Royalties Ltd. has entered into definitive agreements with two private sellers to acquire high-quality Permian mineral title and royalty assets in the Midland basin and the Delaware basins in New Mexico and Texas for approximately …

Source: World Oil

Permian oil drilling rights jump to pre-COVID levels amidst mega shale deals

World Oil


(Bloomberg) – Drilling rights in the U.S. Permian basin are commanding prices not seen since the worldwide pandemic crushed oil markets more than four years ago. Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock LP equates to more …

Source: Oil Price

M&A boom sees Permian oil deals surpass $100 billion in 2023

Oil Price


The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy consultancy Wood Mackenzie said on …

Source: Reuters

Permian driller Endeavor Energy explores potential $30 billion sale

Yahoo Finance


Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top U.S. oilfield, at between $25 billion and $30 billion, according to people familiar with the …

Source: Reuters

Occidental to acquire oil driller CrownRock for $12 billion

World Oil


(Bloomberg) — Occidental Petroleum Corp. agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.

The transaction is expected to close …

Source: Reuters

Concerns mount over Chevron-Hess merger amidst Guyana geopolitical risks

World Oil


(Bloomberg) — Traders are more jittery than ever about the outcome of Chevron Corp.’s proposed $53-billion takeover of Hess Corp. as Venezuela threatens to seize mineral-rich regions in neighboring Guyana.

Hess shares fell roughly 5% this week as …

ProPetro acquires Par Five Energy Services creating a leading Permian cementing services company

ProPetro acquires Par Five Energy Services creating a leading Permian cementing services company

Oil and Gas 360


MIDLAND, Texas–(BUSINESS WIRE)– ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) has announced the successful acquisition of the assets and business operations of Par Five Energy Services LLC (“Par Five”).

company- oil and gas 360

Specializing in cementing services in …

Source: Oil Price

$11-billion takeover bid for Australia’s top utility collapses

Oil Price


Not enough shareholders of Australia’s top energy retailer, Origin Energy, backed on Monday a takeover bid from a Brookfield-led consortium of investors, leading to a collapse of a proposed $11-billion deal.

A total of 68.92% of the votes …

Source: Reuters

Shale driller CrownRock CEO has potential to reshape Texas politics with potential $10 billion Oxy sale

World Oil


(Bloomberg) – Oil tycoon Tim Dunn has spent millions to try to influence Texas to lean toward his conservative politics. Now, as he considers bids for his drilling company that’s said to be valued at more than $10