Mergers & Acquisitions

Source: Reuters

US oil M&A jumps as private equity unloads shale assets

Nasdaq


HOUSTON – U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. U.S. oil exploration and production deals last quarter soared to $24 …

Source: Reuters

Brazilian energy major plans to spend $17 billion on mergers and acquisitions

Oil Price


Brazil’s energy major Eletrobras has plans to invest close to $17 billion over the next five years and is eager to grow through mergers and acquisitions. That’s according to a security filing, cited by Reuters, in which the …

Sandridge Energy closes $11.25 million acquisition in northwest STACK

Sandridge Energy closes $11.25 million acquisition in northwest STACK

World Oil


Publisher’s Note: SandRidge Energy will be a participating on one-on-one meetings at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at

Source: Reuters

ExxonMobil announces acquisition of Denbury

Oil and Gas 360


  • Combined assets and capabilities further accelerate ExxonMobil’s Low Carbon Solutions business and create an even more compelling customer decarbonization proposition
  • Leading CCS network underpins ExxonMobil’s commitment to low carbon value chains including CCS, hydrogen, ammonia, biofuels,
Source: Reuters

Crescent Energy closes Eagle Ford acquisition for $600 million

World Oil


(WO) – Crescent Energy Company announced the closing of its acquisition of operatorship and incremental working interest in its existing Western Eagle Ford assets for a total cash consideration of approximately $600 million.

 

Following closing, Crescent assumed …

Ring Energy announces accretive all cash asset acquisition strategically expanding core operating area

Ring Energy announces accretive all cash asset acquisition strategically expanding core operating area

Oil and Gas 360


Publisher’s Note: Ring Energy will be a presenter at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com

Source: Reuters

Houston Natural Resources rebrands with Cunningham Energy acquisition

World Oil


(WO) – Houston Natural Resources Corp has completed the acquisition of a 100% interest in  Cunningham Energy, LLC. The company previously announced the completion of the acquisition of a 9.9% interest in Cunningham Energy, LLC.

The acquisition of …

Source: Reuters

Berkshire Hathaway Energy to purchase Dominion Energy LNG stake for over $3 billion

World Oil


(WO) – Dominion Energy has concluded a robust and competitive sale process and executed a definitive agreement to sell its 50% noncontrolling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy, which currently operates the …

Patterson-UTI Energy announces agreement to acquire global drill bit company, Ulterra

Patterson-UTI Energy announces agreement to acquire global drill bit company, Ulterra

Oil and Gas 360


HOUSTON. TX / ACCESSWIRE / July 5, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) (“Patterson-UTI”), a leading provider of drilling and completions services in the United States, today announced it has entered into a definitive agreement …

Source: Reuters

Duke Energy to sell distributed generation portfolio in $364 million deal

Yahoo Finance


Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had …

Source: Oil Price

A new $1.5-billion Permian deal could be in the making

Oil Price


Private U.S. oil and gas producer TRP Energy is considering selling its business in the Permian in a deal expected to fetch over $1.5 billion, sources with knowledge of the matter told Reuters on Thursday.

TRP Energy, controlled …

Baytex announces closing of Ranger acquisition and updated guidance for 2023

Baytex announces closing of Ranger acquisition and updated guidance for 2023

BOE Report


Publisher’s Note: Baytex Energy will be a presenter at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com

Calgary, Alberta–(Newsfile …

Civitas Resources to enter Permian Basin through transformative transactions

Civitas Resources to enter Permian Basin through transformative transactions

Oil and Gas 360


Highly accretive acquisitions to balance portfolio, create immediate scale, and enhance capital allocation flexibility

Civitas Resources (NYSE: CIVI) (“CIVI” or the “Company”) today announced the signing of two definitive agreements to acquire oil producing …

Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider

Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider

Oil and Gas 360


Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders

Combined $5.4 Billion Total Enterprise Value

Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver

Earthstone Energy announces $1.0 billion Delaware Basin acquisition

Earthstone Energy announces $1.0 billion Delaware Basin acquisition

Oil and Gas 360


Highly Accretive Transaction in Delaware Basin Meaningfully Increases Scale

THE WOODLANDS, Texas, June 15, 2023 (GLOBE NEWSWIRE) — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our”, or “we”) today announced that it has entered into …

NOG announces joint acquisition of Northern Delaware Basin Permian assets

NOG announces joint acquisition of Northern Delaware Basin Permian assets

Oil and Gas 360


Largest Transaction in Company History to be Highly Accretive to Key Financial Metrics, Adds ~5,600 Net Acres to Delaware Basin Portfolio

HIGHLIGHTS

  • Joint acquisition with Earthstone Energy, Inc. (“Earthstone”) of certain assets (the “Novo Assets”) of
Source: World Oil

Ovintiv closes Midland basin acquisition for over $4 billion, completes Bakken asset sale for $825 million

World Oil


(WO) – Ovintiv Inc. closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv’s existing Permian operations.

The …

Family office-led private consortium acquires PureWest

Family office-led private consortium acquires PureWest

Oil and Gas 360


  • Family Office-led consortium ownership provides platform for long-term stability and value creation
  • Existing executive team and employee base remains in-place

DENVERMay 31, 2023 /PRNewswire/ — PureWest Energy, LLC (“PureWest” or the “Company”), a …

Talos Energy, Grupo Carso accelerate Zama development with $125 million transaction

Talos Energy, Grupo Carso accelerate Zama development with $125 million transaction

World Oil


(WO) – Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso (“Carso”), has agreed to acquire a 49.9% interest in Talos’ Mexican subsidiary (“Talos Mexico”), which holds the company’s 17.4% …

Source: Reuters

Billionaire Carlos slim buys stake in huge Mexican oilfield

Oil Price


Talos Energy is selling 49.9% of its Mexican subsidiary to a unit of Grupo Carso, owned by billionaire Carlos Slim, with which the buyer gets access to the huge Zama oilfield offshore Mexico.

 

Talos Energy on Thursday …

Chevron announces agreement to acquire PDC Energy

Chevron announces agreement to acquire PDC Energy

Oil and Gas 360


  • Complementary to Chevron’s operations in important U.S. production basins
  • Adds 10% to oil equivalent proved reserves for under $7 per barrel
  • Accretive to earnings per share and return on capital employed (ROCE)
  • Expected to add $1
Chord Energy announces strategic acquisition of Williston Basin assets

Chord Energy announces strategic acquisition of Williston Basin assets

Oil and Gas 360


HOUSTONMay 22, 2023 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) today announced that a wholly owned subsidiary of Chord has entered into a definitive agreement to

NOG announces joint acquisition of Forge Energy Assets in the Permian Basin

NOG announces joint acquisition of Forge Energy Assets in the Permian Basin

Oil and Gas 360


Transaction Accretive to Key Financial Metrics, Adds Over 10,000 Net Acres to Delaware Basin Portfolio

 

NOG announces joint acquisition of Forge Energy Assets in the Permian Basin- oil and gas 360

HIGHLIGHTS

  • Joint acquisition with Vital Energy, Inc. (“Vital”) of certain assets (the “Forge Assets”) of Forge Energy II Delaware, LLC,
Source; Oil Price

ONEOK and Magellan merger to create $60-billion pipeline giant

Yahoo Finance


(Bloomberg) — Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US oil and natural gas pipeline operators.

The deal will see each Magellan stakeholder …

Source: World Oil

Trio Petroleum to acquire up to 100% of Union Avenue oil, gas field in California

World Oil


(WO) – Trio Petroleum Corp. announced the signing of an Acquisition Agreement dated May 11, 2023 to potentially acquire up to 100% of the working interest in the Union Avenue oil and gas field in Bakersfield, California.

Trio …

Crescent Point Energy closes Montney acquisition in Alberta for $1.26 billion

Crescent Point Energy closes Montney acquisition in Alberta for $1.26 billion

World Oil


WO) – Crescent Point Energy Corp. has successfully closed its previously announced strategic and accretive acquisition of oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash.

Crescent Point Energy closes Montney acquisition in Alberta for $1.26 billion- oil and gas 360

 

This acquisition aligns with Crescent Point’s long-term strategy …

Source: Callon Petroleum

Callon to acquire core Delaware basin assets and exit Eagle Ford

Oil and Gas 360


Transactions solidify Company’s Permian focus and accelerate achievement of debt milestone Company to launch $300 million share buyback at closing

HOUSTONMay 3, 2023 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”)

Source: Reuters

INEOS acquires Chesapeake Energy Eagle Ford shale assets for $1.4 billion

World Oil


(WO) – INEOS Energy has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, South Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the …

Source: Reuters

U.S. oil patch dealmaking grinds to two-year low in first quarter

Nasdaq


HOUSTON – U.S. oil and gas dealmaking fell to a two-year low of $8.58 billion last quarter, as combinations of natural gas companies dried up and oil buyers focused on mature plays, energy analytics firm Enverus said on Tuesday.…

Matador closes $1.6 billion Delaware basin acquisition from EnCap

Matador closes $1.6 billion Delaware basin acquisition from EnCap

World Oil


(WO) – Matador Resources Company announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners Holdings, LLC (“Advance”) from EnCap Investments L.P., including Advance’s oil and natural gas producing properties and undeveloped acreage in Lea …