Acquisitions and Divestitures (A&D)

Equitrans Midstream’s Unit to Buy Gas Pipeline Assets For $1.03 Billion

Equitrans Midstream’s Unit to Buy Gas Pipeline Assets For $1.03 Billion

From Reuters

U.S. pipeline operator Equitrans Midstream Corp’s unit on Thursday signed a deal worth $1.03 billion to take control of two pipelines that connect the Marcellus and Utica shale basins, the nation’s biggest gas producing region.

The unit, EQM …

Shale on Brink of M&A as Oil Majors Flex Muscles in Permian

Shale on Brink of M&A as Oil Majors Flex Muscles in Permian

From Bloomberg

Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers.

As oil executives from across the world gather in Houston for the annual …

Valhall Drilling Platform, Norway

Premier Oil Teams Up with Apollo To Bid for Chevron’s North Sea Assets

From Reuters

Britain’s Premier Oil has teamed up with U.S. private equity fund Apollo Global Management to bid for oil and gas fields owned by Chevron in the British North Sea, according to industry sources.

Premier has previously said it …

Cimarex Closes Acquisition of Resolute Energy

Cimarex Closes Acquisition of Resolute Energy

Cimarex announces closing of the acquisition of Resolute Energy

Marathon Oil will Divest U.K. Business

Marathon Oil will Divest U.K. Business

Marathon Oil Signs Agreement for Divestiture of U.K. Business

Devon to Divest Its 2nd, 3rd Largest Assets

Devon to Divest Its 2nd, 3rd Largest Assets

Canadian heavy oil, Barnett assets go on the block – could be sale or spinoff
By Richard Rostad, analyst, Oil & Gas 360

Devon Energy (ticker: DVN) announced Q4 results and reserves today, showing net earnings of $1.1 billion, or

Williston Basin - IPAA

Shale Leader Takes a Breath

QEP terminates Williston Basin asset sale
Shale operator will pause to review strategic alternatives including possible merger or sale; plans a G&A reduction of 45%
QEP Resources (stock ticker: QEP, $QEP) said its board of directors has commenced a comprehensive

Mid-Con Energy Partners Sells Texas, Buys Oklahoma Producing Properties

Mid-Con Energy Partners Sells Texas, Buys Oklahoma Producing Properties

Mid-Con Energy Partners, LP (stock ticker: MCEP, $MCEP) has entered into definitive agreements to sell substantially all of its Texas properties for $60.0 million and to acquire producing properties in Caddo, Grady and Osage Counties, Oklahoma for $27.5 million.

The

Bakken Sale Nets $1.6 Billion Cash

Bakken Sale Nets $1.6 Billion Cash

Targa Resources Corp. Sells 45 Percent Interest in Bakken Assets for $1.6 Billion

EQT Acquires Kodiak Gas Services

EQT Acquires Kodiak Gas Services

EQT Acquires Kodiak Gas Services, LLC

Saudi Aramco Looks for Multi-Billion-Dollar U.S. Gas Acquisitions: CEO

Saudi Aramco Looks for Multi-Billion-Dollar U.S. Gas Acquisitions: CEO

Saudi Aramco Looks for Multi-Billion-Dollar U.S. Gas Acquisitions: CEO

From Reuters

Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it …

Ring Energy to Acquire Texas Acreage from Carlyle Group Subsidiary

Ring Energy to Acquire Texas Acreage from Carlyle Group Subsidiary

Ring Energy, Inc. Signs Purchase and Sale Agreement with Wholly Owned Subsidiary of The Carlyle Group L.P.

‘Robust Midstream Component’ of $735-Million Haynesville Deal with QEP was Draw: Aethon Co-President

‘Robust Midstream Component’ of $735-Million Haynesville Deal with QEP was Draw: Aethon Co-President

Aethon likes Haynesville’s proximity to Gulf markets, Henry Hub

In mid-November, QEP Resources (stock ticker: QEP) announced that its subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, had entered into a definitive agreement …

Southwestern Energy Completes Transformational $1.8 Billion Sale of Fayetteville Shale Business

Southwestern Energy Completes Transformational $1.8 Billion Sale of Fayetteville Shale Business

Southwestern Energy Completes Transformational Sale of Fayetteville Shale Business

Bellatrix Makes Asset Acquisition

Bellatrix Makes Asset Acquisition

Bellatrix updates hedging contracts

Calgary’s Bellatrix Exploration Ltd. (stock ticker:BXE) has reported its plans to acquire complementary assets within its core Ferrier area of west central Alberta.

The company plans to acquire the assets from POSCO Daewoo E&P …

GeoPark to Acquire Colombia and Chile Oil and Gas Assets

GeoPark to Acquire Colombia and Chile Oil and Gas Assets

GeoPark Announces an Agreement to Acquire Colombia and Chile Oil and Gas Assets from LG International

Texas Feeding Frenzy Continues in $1.6 Billion Deal

Texas Feeding Frenzy Continues in $1.6 Billion Deal

Deal expands Cimarex’s Reeves County position
The oil and gas M&A frenzy continues, as Cimarex Energy (stock ticker: XEC) announced its acquisition of Resolute Energy (stock ticker: REN) today.

Resolute Energy is a pure-play Delaware player, with 21,100 net acres

QEP Resources Sells its Haynesville/Cotton Valley Assets for $735 Million

QEP Resources Sells its Haynesville/Cotton Valley Assets for $735 Million

QEP will become a Permian pure-play oil producer soon as Bakken, Haynesville deals close
QEP Resources, Inc. (stock ticker: QEP) said its subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, have entered into a definitive

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

Deal to sell Pioneer Pumping Services’ HHP, coiled tubing units and maintenance operations includes a long-term service contract to provide pressure pumping in the Permian Basin for up to a decade
Pioneer Natural Resources Company (stock ticker: PXD) said it

NGL Energy Partners LP to Sell Its Bakken Saltwater Disposal Business to Tallgrass Energy

NGL Energy Partners LP to Sell Its Bakken Saltwater Disposal Business to Tallgrass Energy

NGL Energy Partners LP Announces Agreement to Sell Its Bakken Saltwater Disposal Business to Tallgrass Energy

Photo by Mike Goldwater"

Anadarko Divests Midstream Assets for $4 Billion

Western Gas announces drop-down, simplification
Western Gas Partners (ticker: WES) announced several moves today, expanding its holdings and simplifying its corporate structure.

Western Gas Partners will acquire $4 billion in midstream assets from its parent Anadarko (ticker: APC), all the

rig

Diamondback’s Buying Spree Rolls Ahead

$312.5 million deal adds to $10.8 billion year
Diamondback (ticker: FANG) reported third quarter results today, showing net earnings of $157 million, or $1.59 per share.

Diamondback produced 123 MBOEPD in Q3, up 9% sequentially and 45% year-over-year. This result,

Another Blockbuster Oil Deal Creates Largest Bakken Pure-Play

Another Blockbuster Oil Deal Creates Largest Bakken Pure-Play

After QEP Williston asset buy, Vantage Energy will be $1.5 billion Bakken operator
QEP Resources (ticker: QEP) continued its shift toward a pure-play Permian company today, selling its Williston Basin assets.

Vantage Energy Acquisition Corp. (ticker: VEAC), a SPAC backed

Big Oil Companies Roll Up Shale Plays, Just in Time

Big Oil Companies Roll Up Shale Plays, Just in Time

Shale consolidation becoming prevalent

From the Houston Chronicle

The great shale oil consolidation is underway, and it’s happening just in time for the new challenges ahead.

For the past decade, dozens of small, independent oil companies have perfected hydraulic fracturing

Upstream Buying Spree Continues With $7.7 Billion Deal

Upstream Buying Spree Continues With $7.7 Billion Deal

Encana acquires Newfield in all-stock transaction resulting in North America’s No. 2 unconventional producer
Encana (ticker: ECA) announced the third major acquisition in the past four days today, acquiring Newfield Exploration (ticker: NFX).

Newfield is a primarily SCOOP/STACK company, producing

Courtesy of Chesapeake

$3.98 Billion Deal Creates Major Eagle Ford Player

Second Eagle Ford deal in two days
Chesapeake Energy (ticker: CHK) announced a major acquisition today, buying Eagle Ford operator WildHorse Resource Development (ticker: WRD).

WildHorse holds a large position in the northern portion of the Eagle Ford, near a

Denbury Pivots to Unconventionals with $1.7 Billion ‘New Frontier’

Denbury Pivots to Unconventionals with $1.7 Billion ‘New Frontier’

Acquiring Penn Virginia’s Eagle Ford presence
Denbury Resources (ticker: DNR) announced a major change today, with the acquisition of Penn Virginia (ticker: PVAC). The $1.7 billion deal represents a significant shift for Denbury, adding unconventional assets to the company’s portfolio

Source: Rosneft

Blackstone To Buy Oil Services Firm Ulterra for $700 Million: Reuters

From Reuters

Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry, for around $700 million, two sources familiar with the matter said.

Fort Worth, …

Murphy Oil Creates New Cash Flow Engine for a Bargain Price

Murphy Oil Creates New Cash Flow Engine for a Bargain Price

Murphy-Petrobras JV produces 75 MBOEPD from GOM, opens a lot of doors for Murphy
Murphy Oil (ticker: MUR) announced a major deal today, forming an offshore JV with Petrobras (ticker: PBR) that promises to transform the company.

Murphy and Petrobras

Earthstone Energy Announces Strategic Acreage Trade

Earthstone Energy Announces Strategic Acreage Trade

Earthstone Energy, Inc. Announces Strategic Acreage Trade