Friday, July 4, 2025
Prairie Operating Co. Announces $12.5 Million Strategic Acquisition to Accelerate Growth in the DJ Basin- oil and gas 360

Prairie Operating Co. Announces $12.5 Million Strategic Acquisition to Accelerate Growth in the DJ Basin

(Oil & Gas 360) – Publisher’s Note: Prairie Operating will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025.  Register to attend.  Off-Market Transaction Adds Existing Production, Tier-One Inventory, and Immediate Development Opportunities Houston, TX, July 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition

Santos grants ADNOC six weeks for $19 billion takeover review- oil and gas 360

Santos grants ADNOC six weeks for $19 billion takeover review

(Oil Price)– Santos has granted exclusive due diligence access for six weeks to the consortium led by Abu Dhabi’s ADNOC that has made an $18.7 billion non-binding takeover bid for the Australian energy giant. Santos, which earlier this month received – and plans to accept – the offer, has now entered into a process and exclusivity deed with XRG, a subsidiary of

Shell denies WSJ report speculating bp takeover talks - oil and gas 360

Shell denies WSJ report speculating bp takeover talks

(World Oil) –  (Bloomberg) — Shell Plc denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival bp Plc. “This is further market speculation. No talks are taking place,” a Shell spokesperson said. bp surged as much as 10% in New York earlier on Wednesday on the report that it was in

Devil’s in the details: Why BP’s debt may deter a buyer- oil and gas 360

Devil’s in the details: Why BP’s debt may deter a buyer

(BOE Report) – BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP says it has net debt of $27 billion – already more than some rivals – but its disclosures

Carlyle, Diversified Energy to invest $2 billion in producing U.S. assets- oil and gas 360

Carlyle, Diversified Energy to invest $2 billion in producing U.S. assets

Publisher’s Note: Diversified Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025.  Register to attend.  (World Oil) – Diversified Energy Company PLC, a leading publicly traded natural gas and liquids production company, and global investment firm Carlyle have today announced a strategic partnership to invest in up to $2 billion in existing proved developed producing (PDP) natural gas

Entropy Enters Definitive Agreement to Purchase Strategic Carbon Storage Assets- oil and gas 360

Entropy Enters Definitive Agreement to Purchase Strategic Carbon Storage Assets

Publisher’s Note: Advantage Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025.  Register to attend. (Oil & Gas 360) – CALGARY, AB, June 23, 2025 /CNW/ – Entropy Inc. (“Entropy”), a subsidiary of Advantage Energy Ltd. (“Advantage”), has entered into a definitive agreement to purchase an interest in three carbon hubs from a Canadian oil and natural gas producer for $20 million and

Texas oil family to benefit from potential $8-billion Mitsubishi deal- oil and gas 360

Texas oil family to benefit from potential $8-billion Mitsubishi deal

(Oil Price)– Father and son, Albert and Gordon Huddleston, part of the Texas oil dynasty of H.L. Hunt, are expected to become even richer if a rumored $8-billion deal with Mitsubishi Corp goes through. Albert and Gordon Huddleston are descendants of Haroldson Lafayette Hunt, who founded and grew the family oil business in the 1930s and 1940s with hundreds of

MEG Energy seeks alternatives after rejecting $4.4-billion bid from Strathcona- oil and gas 360

MEG Energy seeks alternatives after rejecting $4.4-billion bid from Strathcona

(Oil Price) – Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 billion (C$6 billion) takeover offer from Strathcona. Last month, Strathcona, MEG’s second-largest shareholder with about 9%, made an offer to acquire MEG Energy for the equivalent of some $4.4 billion in cash and stock. A deal would have turned

Baker Hughes sells PSI product line to Crane Company for $1.15 billion- oil and gas 360

Baker Hughes sells PSI product line to Crane Company for $1.15 billion

(World Oil) – Baker Hughes has reached an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company, a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion. PSI, part of Baker Hughes’ Industrial & Energy Technology (IET) segment, includes the Druck, Panametrics and Reuter-Stokes brands. These brands manufacture instrumentation and

Vermilion Energy exits U.S. market with $88 million asset sale- oil and gas 360

Vermilion Energy exits U.S. market with $88 million asset sale

Publisher’s Note: Vermilion Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025.  Register to attend.  (World Oil) – Vermilion Energy Inc. has entered into a definitive agreement for the sale of its U.S. assets for cash proceeds of ~$88 million ($120 million CAD). Proceeds from the transaction will go towards debt repayment to further accelerate deleveraging efforts and

Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco deal- oil and gas-oil gas 360

Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco deal

(BOE Report) – CALGARY – A major shareholder in fuel refiner and retailer Parkland Corp. says it plans to vote against its planned takeover by U.S. heavyweight Sunoco LP. Engine Capital owns 2.5 per cent of Parkland’s shares, making it one of the Calgary-based company’s biggest investors. In a letter to Parkland’s board of directors, Engine’s leadership argues the Sunoco deal

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend- oil and gas 360

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

(Oil & Gas 360) – MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), and Sitio Royalties Corp. (NYSE:STR) (“Sitio”) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including