Mergers & Acquisitions

Proxy advisor ISS recommends Cimarex shareholders vote for Cabot merger

Proxy advisor ISS recommends Cimarex shareholders vote for Cabot merger

Nasdaq


NEW YORK – Influential proxy advisory firm Institutional Shareholder Services (ISS) has cautiously recommended that shareholders of Cimarex Energy Co XEC.N vote for its proposed merger with Cabot Oil & Gas Corp COG.N, according to a statement seen …

Energy Vault, the Technology Company Using Gravity-based, Grid-Scale Energy Storage to Accelerate Global Decarbonization, to List on the NYSE Through Merger with Novus Capital Corporation II

Energy Vault, the Technology Company Using Gravity-based, Grid-Scale Energy Storage to Accelerate Global Decarbonization, to List on the NYSE Through Merger with Novus Capital Corporation II

Businesswire


INDIANAPOLIS & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–Novus Capital Corporation II (NYSE: NXU, NXU.U, NXU WS) (“Novus”), a U.S. publicly-traded special purpose acquisition company, and Energy Vault, Inc., the company creating gravity-based, grid-scale energy storage solutions with its proprietary …

Source: World Oil

Biden suspects “unlawful” oil and gas mergers are behind higher gasoline prices

World Oil


(Bloomberg) –The Federal Trade Commission is examining ways to crack down on mergers in the oil and gas industry and investigate whether gas station franchises are driving up gas prices as part of a Biden administration effort to …

Source: Reuters

Oil billionaire Dan Wilks bulks up stake in NexTier Oilfield Solutions

Reuters


Billionaire oilman Dan Wilks increased his stake in NexTier Oilfield Solutions, according to a regulatory filing on Thursday, his latest purchase in the hard-hit oilfield services industry.

Oilfield equipment and service companies were among the worst performing sector of …

Source: Reuters

Chesapeake doubles down on Haynesville shale gas with Vine Energy buy

Reuters


Chesapeake Energy Corp said on Wednesday it would buy Haynesville basin-focused rival Vine Energy Inc for $615 million, betting on the shale field’s proximity to the U.S. Gulf Coast export hub.

Dealmaking in the oil and gas sector has …

Source: Reuters

Pioneer CEO stays on the sidelines of latest shale M&A round

World Oil


HOUSTON –With more consolidation brewing in the largest U.S. oil patch, the boss of one of the largest independent shale producers says he’s not interested, and warned that investors are still skittish about deals.

“There’s no more reason …

Source: callon.com

Callon Petroleum’s Primexx acquisition sends its shares lower

World Oil


HOUSTON (Bloomberg) –Callon Petroleum Co. failed to win over investors Wednesday after announcing its biggest-ever acquisition to bulk up in America’s most prolific shale patch.

The Houston-based oil explorer agreed to buy closely held Primexx Energy Partners Ltd.

Razor Energy Corp. announces strategic light oil consolidation acquisition in Swan Hills, Alberta enhancing oil & gas, geothermal power, carbon capture, and hydrogen production opportunities

Razor Energy Corp. announces strategic light oil consolidation acquisition in Swan Hills, Alberta enhancing oil & gas, geothermal power, carbon capture, and hydrogen production opportunities

BOE Report


Publisher’s Note: FutEra Power will be presenting at EnerCom’s The Oil & Gas Conference on Tuesday, August 17, 2021 at 10:30am MST. 

CALGARY, Alberta – Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased …

Source: Reuters

Kinder Morgan to purchase renewable natural gas developer Kinetrex Energy

$310 million acquisition includes two small-scale, domestic LNG production and fuel…

Source: Reuters

Brookfield sweetens offer for Canada’s Inter Pipeline to $6.85 billion

Reuters


Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp.

Pembina has made an all-stock bid of about …

Source: Fox Business

Dominion Energy, Warren Buffett’s Berkshire Hathway Energy terminate Questar Pipeline sale

Fox Business

Dominion Energy and Warren Buffett’s Berkshire Hathaway Energy have agreed to terminate a planned sale of Questar Pipelines.

Dominion cited “ongoing uncertainty associated with achieving clearance from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of …

Source: Reuters

U.S. oil mergers surge as energy, share prices recover from pandemic

Reuters


HOUSTON – U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share prices led to larger oilpatch deals.

Producer are consolidating …

Source: Reuters

Japanese oil producer eyes Canada divestment as M&A picks up

Investing.com


Japanese state-backed oil producer Japan Petroleum Exploration Co (Japex) is seeking a buyer for its 75% stake in the Hangingstone oil sands facility in Canada, two sources with direct knowledge of the matter told Reuters.

Several global oil majors …

Source: Reuters

Tellurian looks to grow U.S. gas output organically and through M&A

Reuters


U.S. liquefied natural gas (LNG) developer Tellurian Inc wants to grow gas production by adding to its own output and through mergers and acquisitions, the company’s executive chairman Charif Souki said this week.

He said this was “a once …

Source: Reuters

Vista Oil, Trafigura to develop oil wells in Argentina

Reuters


BUENOS AIRES – Latin American oil company Vista Oil & Gas and Geneva-based Trafigura on Monday signed a deal to jointly develop 20 wells in Argentina’s Vaca Muerta shale oil deposit, the companies said in a statement.

The investment …

Enverus acquires marginal unit to address power congestion, predictability and price impact

Enverus acquires marginal unit to address power congestion, predictability and price impact

Oil and Gas 360


Austin, Texas (June 29, 2021) — Enverus, a leading global energy data and SaaS technology company, announced today that it has acquired Marginal Unit Inc., a power market analytics firm that helps users understand the …

Source: Reuters

Shell buys BP’s stake in North Sea field, scrapping previous deal

Nasdaq


LONDON – Royal Dutch Shell RDSa.L said on Friday it had agreed to acquire BP’s BP.L 27.5% stake in the Shearwater North Sea gas field, raising its stake in the field to 55.5%.

 

Shell, which operates the Shearwater …

Source: CNBC

Occidental to sell some Permian basin assets for $508 mln

Reuters


Occidental Petroleum Corp said on Thursday it would sell some of its acreage in Texas’ Permian basin to an affiliate of private equity-backed Colgate Energy Partners III LLC for $508 million.

The oil producer has cut jobs, production and …

Source: Reuters

Pembina Pipeline to buy 50% stake in Canada’s proposed Cedar LNG

Reuters


Pembina Pipeline Corp said on Tuesday it would buy a 50% stake in Canada’s proposed Cedar LNG Project to develop the floating liquefied natural gas facility in British Columbia in partnership with indigenous group, The Haisla Nation.

Pembina expects …

Source: Reuters

KKR’s Independence, Contango to merge in $5.7 bln oil and gas deal

Reuters


KKR & Co’s (KKR.N) Independence Energy LLC and Contango Oil & Gas Co (MCF.A) will merge in an all-stock deal to create a consolidation-focused oil and gas company with an enterprise value of about $5.7 billion.

Deal-making in the …

Source: Reuters

Analysis: Market for U.S. oil acreage booms along with crude price recovery

Reuters


A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch.

Sales of land parcels worth $6.9 billion …

Civitas adds premium assets in DJ Basin with all-stock acquisition of Crestone Peak Resources

Civitas adds premium assets in DJ Basin with all-stock acquisition of Crestone Peak Resources

Enhances Civitas’ Scale and Synergy Potential, with Addition of Crestone’s Highly Complementary and Adjacent Assets

Crestone Operations Support Civitas’ Commitment to Achieve Net-Zero Emissions

DENVER, June 07, 2021 (GLOBE NEWSWIRE) — Civitas Resources, Inc. (“Civitas” or the “Company”), a Colorado …

Source: Reuters

Gas producer Southwestern to scale up with $2.7 bln deal for Indigo Natural

Business Wire


SPRING, Texas–(BUSINESS WIRE)–Southwestern Energy Company (NYSE: SWN) (the “Company” or “Southwestern”) today announced that it has entered into a definitive merger agreement with Haynesville producer Indigo Natural Resources, LLC (“Indigo”) under which it will acquire Indigo

Source: catahoularesources.com

Battelle and Catahoula Resources forge partnership to accelerate carbon capture, utilization and storage

COLUMBUS, Ohio & HOUSTON–(BUSINESS WIRE)–Battelle and Catahoula Resources (“Catahoula”) will jointly develop solutions for the capture, transport and sequestration of carbon dioxide produced at ethanol facilities in Nebraska.

The agreement pairs the world’s largest private independent research …

Source: Reuters

Exclusive: Biofuels processor POET in talks to acquire Flint Hills’ ethanol assets – companies

Reuters


NEW YORK – POET, the largest biofuels producer in the United States, is in discussions with Flint Hills Resources to acquire the entirety of Flint Hills’ ethanol assets, both companies told Reuters on Thursday.

The deal would increase POET’s …

Chevron and Noble Midstream Partners LP complete merger transaction

Chevron and Noble Midstream Partners LP complete merger transaction

Chevron Corporation (NYSE: CVX) (“ Chevron ”) and Noble Midstream Par…

Source: Reuters

Exclusive: Eni eyes oil spin-offs to tackle debt in energy transition

Reuters


MILAN/LONDON  – Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry …

Source: Reuters

Trafigura to buy Sonangol’s Puma Energy stake for $600 million

Reuters


LONDON -Global commodities trader Trafigura has agreed to buy Angolan state oil giant Sonangol’s 31.78% stake in loss-making Puma Energy for $600 million in a step towards raising its holding to more than 90%.

Trafigura and Puma said in …

Tamarack Valley Energy Ltd. announces the strategic acquisition of Anegada Oil Corp., a leading Charlie Lake light-oil producer, for total net consideration of $494 million

Tamarack Valley Energy Ltd. announces the strategic acquisition of Anegada Oil Corp., a leading Charlie Lake light-oil producer, for total net consideration of $494 million

Tamarack Valley Energy Ltd. Announces the Strategic Acquisition of Anegada Oil Corp., a Leading Charlie Lake Light-Oil Producer, for Total Net Consideration of $494 million

Source: Reuters

Pioneer’s $6.4 billion deal for DoublePoint accelerates U.S. shale oil consolidation

Reuters


U.S. oil producer Pioneer Natural Resources agreed on Thursday to acquire privately-held rival DoublePoint Energy for about $6.4 billion, speeding up a consolidation of shale oil producers.

Oilfield rollups have accelerated this year as energy prices recover following last …