Mergers & Acquisitions

CERAWEEK-Oil mergers, clean fuels vie for attention at Houston energy conference

CERAWEEK-Oil mergers, clean fuels vie for attention at Houston energy conference

Nasdaq


HOUSTON – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels.

Global …

Source: Talos Energy

Talos Energy increases 2024 production predictions early following $1.3 billion QuarterNorth Energy acquisition

World Oil


(WO) – Talos Energy Inc. provided updated 2024 operational guidance to reflect the closing of the QuarterNorth Energy Inc. acquisition earlier than expected.

For the full year 2024, Talos expects average daily production between 89,000 and 95,000 boed, …

EQT announces transformative acquisition of Equitrans Midstream

EQT announces transformative acquisition of Equitrans Midstream

Oil and Gas 360


03/11/2024
  • Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage
  • All stock transaction with combined company enterprise value over $35 billion
  • Provides >2,000 miles of critical pipeline infrastructure with
Source: World Oil

Hess flags potential delay for Chevron Merger as ExxonMobil fights for “massive” oil discovery rights offshore Guyana

World Oil


(Bloomberg) – Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after Exxon Mobil Corp. filed for arbitration over the deal to preserve its rights to a massive oil discovery off …

Source: Talos Energy

Talos Energy adds deepwater assets to portfolio following completion of QuarterNorth Energy acquisition

World Oil


(WO) – Talos Energy Inc. announced the completion of the acquisition of QuarterNorth Energy Inc.

After completing the acquisition, Talos has approximately 183.0 million shares of common stock outstanding, including approximately 24.4 million shares issued to the QuarterNorth …

Source: Reuters

EXCLUSIVE-Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal, sources say

Nasdaq


MILAN, March 5 (Reuters) – Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy’s biggest liquefied natural gas import terminal from Exxon Mobil XOM.N and QatarEnergy, two sources with knowledge of the matter said …

Source: Reuters

TC Energy to sell Portland Natural Gas Transmission System for $1.14 bln

Nasdaq


TC Energy TRP.TO said on Monday it has agreed to sell Portland Natural Gas Transmission System (PNGTS) to a BlackRock-managed fund and Morgan Stanley Infrastructure Partners for $1.14 billion as part of its ongoing efforts to reduce debt and …

Source: Reuters

Atlas Energy Solutions Inc. to acquire Hi-Crush Inc., creating the largest proppant producer in the country and an industry leading logistics provider

Oil and Gas 360


AUSTIN, Texas–(BUSINESS WIRE)– Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that it has entered into a definitive agreement with Hi Crush Inc. (“Hi-Crush”) to acquire all of Hi-Crush’s Permian Basin proppant …

Source: Reuters

Chesapeake Energy to reduce Haynesville, Marcellus rig count following Southwestern natural gas megadeal

World Oil


(WO) – Chesapeake Energy announced that it is lowering prior capital expenditure guidance approximately 20% to $1.25 – $1.35 billion through rig count reductions and deferring completions and turn-in-lines in its 2024 outlook report.

Chesapeake is currently operating …

Chord Energy and Enerplus to combine in $11 billion transaction creating premier Williston-focused E&P Ccompany with top-tier shareholder returns

Chord Energy and Enerplus to combine in $11 billion transaction creating premier Williston-focused E&P Ccompany with top-tier shareholder returns

Oil and Gas 360


Enhanced Operating Scale to Drive Returns and Free Cash Flow; Combined Acreage Position
Totaling 1.3 Million Net Acres and Combined 4Q23 Production of 287,000 Boepd

Combined Company has Approximately 10 years of Low-Breakeven Inventory with Significant

Source: Reuters

Exclusive-Occidental explores $20 billion-plus sale of Western Midstream, sources say

Yahoo Finance


Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of close to $20 billion, including debt, according to people familiar with the matter.

Western Midstream shares …

Gabon to buy Carlyle’s oil business, preempting $1.3 billion sale

Gabon to buy Carlyle’s oil business, preempting $1.3 billion sale

Yahoo Finance


LONDON -Gabon’s national oil company has agreed to acquire Carlyle’s Assala Energy after it used its right to preempt the sale of the business for $1.3 billion to France’s Maurel & Prom, the firms said on Friday.

Maurel …

Source: World Oil

Diamondback becomes next Permian acquisition candidate on heels of Endeavor megadeal

World Oil


(Bloomberg) – Diamondback Energy Inc.’s blockbuster deal for Endeavor Energy Resources LP makes the company’s shares the best way to invest in the prolific Permian basin in Texas, according to Tortoise Capital Advisors LLC.

“Diamondback will become an …

Source: Reuters

Why Endeavor Energy’s founder sold his company after years of rebuffing offers

Yahoo Finance


For years, Endeavor Energy founder Autry Stephens’ refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers.

“It’s not for sale, it hasn’t been for sale, …

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to merge to create a premier Permian independent oil and gas company

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to merge to create a premier Permian independent oil and gas company

Oil and Gas 360


MIDLAND, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they have entered into a definitive merger agreement under which …

Source: World Oil

Devon Energy in talks to acquire oil driller Enerplus

World Oil


(Bloomberg) – Devon Energy Corp., an Oklahoma City-based oil and gas company, is in talks to acquire Calgary-based driller Enerplus Corp., Reuters reported.

The companies have not come to an agreement, Reuters said, citing anonymous sources. It comes …

California Resources Corporation to combine with Aera Energy

California Resources Corporation to combine with Aera Energy

Oil and Gas 360


Transaction highly accretive across key 2024E financial metrics

Complementary assets to significantly scale E&P business and expand leading carbon management platform

California Resources Corporation (NYSE: CRC) today announced the signing of a …

Prairie Operating Co. expands core asset base

Prairie Operating Co. expands core asset base

Oil and Gas 360


February 5, 2024

Adds 1,280 Acre DSU and 2.6 MMBoe to Existing Denver Julesburg (“DJ”) Basin Portfolio

8 Drill Ready Permitted PUDs with Proven PV10 of ~ $40MM

HOUSTON, TX, Feb. 05, 2024 (GLOBE NEWSWIRE) — 

Source: Reuters

Vital Energy closes second transaction to acquire additional working interests related to recent Permian Basin acquisition

Oil and Gas 360


TULSA, OK, Feb. 05, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the second acquisition of additional working interests in producing assets associated with the recent asset acquisition …

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 …

ExxonMobil, Mexico Pacific to bring Permian gas to global markets with third LNG deal

ExxonMobil, Mexico Pacific to bring Permian gas to global markets with third LNG deal

World Oil


(WO) – Mexico Pacific has signed a third long-term Sales and Purchase Agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLAP”) for an additional 1.2 MMtpa of liquefied natural gas (“LNG”) from Train 3 of Mexico Pacific’s Saguaro Energia …

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 …