Mergers & Acquisitions

Source: Reuters

Upstream mergers and acquisitions fall to $12 billion during ‘challenging quarter’

World Oil


Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q2 2022 upstream M&A. Overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both …

Source: Reuters

Tellurian announces Haynesville Shale acquisition for $125 million

Oil and Gas 360


HOUSTON–(BUSINESS WIRE)– Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, …

Fundare Resources closes acquisition of Green River Basin asset

Fundare Resources closes acquisition of Green River Basin asset

Oil and Gas 360


Publisher’s Note: Fundare Resources will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and schedule one-on-one meetings. 

 

Fundare Resources closes acquisition of Green River Basin asset- oil and gas 360

DENVER, July 12, 2022–(BUSINESS WIRE)–Fundare Resources Company, LLC …

SilverBow Resources announces closing of Sundance acquisition and updated outlook

SilverBow Resources announces closing of Sundance acquisition and updated outlook

Oil and Gas 360


Publisher’s Note: SilverBow Resources will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.

HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today that it has

Ring Energy announces agreement to acquire Stronghold’s Permian Basin assets

Ring Energy announces agreement to acquire Stronghold’s Permian Basin assets

Oil and Gas 360


Publisher’s Note: Ring Energy will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.

THE WOODLANDS, Texas, July 05, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” …

Ranger Oil announces accretive acquisitions adding additional scale to premium Eagle Ford position

Ranger Oil announces accretive acquisitions adding additional scale to premium Eagle Ford position

Oil and Gas 360


HOUSTON, TX / ACCESSWIRE / June 30, 2022 / Ranger Oil Corporation (“Ranger” or the “Company”) (NASDAQ: ROCC) today announced additional bolt-on acquisitions of oil and gas assets in the Eagle Ford shale, bringing the total …

Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%

Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%

Oil and Gas 360


CALGARY, ABJune 28, 2022 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce it has entered into a purchase and sale agreement to acquire XTO Energy Canada

Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million

Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million

Oil and Gas 360


Publisher’s Note: Earthstone Energy, Inc. will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022 in Denver. Register to attend.

THE WOODLANDS, TexasJune 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: …

Sitio Royalties announces highly accretive Permian Basin acquisitions

Sitio Royalties announces highly accretive Permian Basin acquisitions

Oil and Gas 360


DENVER–(BUSINESS WIRE)– Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced it has (i) completed the acquisition of over 19,700 net royalty acres (“NRAs”) in the Permian Basin from Foundation Minerals, a Midland-based portfolio …

ProFrac Holding Corp. to acquire U.S. Well Services, Inc.

ProFrac Holding Corp. to acquire U.S. Well Services, Inc.

Oil and Gas 360


WILLOW PARK, Texas and HOUSTONJune 21, 2022 /PRNewswire/ — ProFrac Holding Corp. (NASDAQ: PFHC) (“ProFrac” or the “Company”) announced today that it has reached an agreement to acquire U.S. Well Services, Inc. (NASDAQ: USWS) …

Targa Resources Corp. to acquire Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn; provides updated 2022 Standalone Financial Outlook

Targa Resources Corp. to acquire Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn; provides updated 2022 Standalone Financial Outlook

Oil and Gas 360


June 16, 2022 at 4:41 PM EDT- HOUSTON and DALLAS and NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) and Lucid Energy Group, a leading privately held …

Oasis Petroleum Inc. declares special dividend of $15.00 per share in connection with its merger with Whiting

Oasis Petroleum Inc. declares special dividend of $15.00 per share in connection with its merger with Whiting

Oil and Gas 360


HOUSTON, June 16, 2022 /PRNewswire/ — Oasis Petroleum Inc. (NASDAQ: OAS) (“Oasis”) announced today that its Board of Directors has, subject to certain conditions, declared a special dividend of $15.00 per share of Oasis …

Southwestern Energy, Uniper execute supply agreement for RSG

Southwestern Energy, Uniper execute supply agreement for RSG

Southwestern Energy


06/14/2022 – Multi-year agreement to provide certified low-methane emission U.S. natural gas for domestic and international markets.
Southwestern Energy, Uniper execute supply agreement for RSG- oil and gas 360

SPRING, Texas–(BUSINESS WIRE)– Southwestern Energy Company (NYSE: SWN), the largest dual-basin natural gas producer in the U.S., today announced a multi-year,

Source: Reuters

Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset

Yahoo Finance


Publisher’s Note: BP will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend. 

CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement …

PDC Energy announces approval of Kenosha Oil and Gas development plan

PDC Energy announces approval of Kenosha Oil and Gas development plan

Yahoo Finance


Publisher’s Note: PDC Energy will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Registration is open.

DENVER, June 08, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today …

Source: Reuters

Devon Energy announces bolt-on acquisition in the Williston Basin

Oil and Gas 360


OKLAHOMA CITY, June 08, 2022 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, …

SilverBow Resources announces acquisitions of Sundance Energy and Sandpoint Resources

SilverBow Resources announces acquisitions of Sundance Energy and Sandpoint Resources

Oil and Gas 360


Strategic Acquisitions of Liquids-Weighted Assets in Western Eagle Ford

M eaningfully Increases Size and Scale

Overlapping, Contiguous Acreage Positions Drive Compelling Industrial Logic

A ccretive to Key Financial & Operational Metrics

HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc.

Source: Reuters

Report shows U.S. upstream mergers and acquisitions open strong in 2022

World Oil


Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q1 2022 M&A activity. As the M&A market marched into the new year, $14 billion in deals were announced during the first quarter of …

Source: Bloomberg

Some shale deals stall after Russian ban whipsaws oil prices

World Oil


(Bloomberg) — Some oil and gas dealmakers are hitting the pause button as prices whipsaw following the ban on Russian oil imports. Companies are concerned about overpaying for assets while focused on cutting debt and rewarding shareholders.

For …

Source: World Oil

Exxon weighs Bakken asset sale after getting interest

World Oil


(Bloomberg) — Exxon Mobil Corp. is considering a sale of assets in North Dakota’s Bakken shale after being approached by interested parties, according to people with knowledge of the matter.

The oil giant could get about $5 billion …

Source: Reuters

Chesapeake Energy Corporation Completes Acquisition of Chief E&D Holdings, LP and affiliates of Tug Hill, Inc.

Oil and Gas 360


Publisher’s Note: Nick Dell’Osso, President & Chief Executive Officer of Chesapeake Energy Corporation will be a Keynote speaker at EnerCom Dallas-The Energy Investment & ESG Conference on April 6-7, 2022.

OKLAHOMA CITYMarch 9, 2022

Cureton Midstream acquires Gilcrest System from Aka Energy Group

Cureton Midstream acquires Gilcrest System from Aka Energy Group

Oil and Gas 360


Publisher’s Note: EnerCom recently launched the new website for Cureton Midstream.

DENVERFeb. 2, 2022 /PRNewswire/ — Cureton Midstream, LLC, a growth oriented, Denver-based midstream company focused on developing and operating gas gathering and …

Source: Reuters

U.S. oil producer Hannathon looks to sell Texas land – documents

Reuters


Private U.S. oil and gas producer Hannathon Petroleum LLC has retained an investment bank to sell around 18,000 net acres in the Northern Midland basin of Texas, according to marketing documents seen by Reuters.

The assets could be valued …

Earthstone Energy announces Midland Basin asset acquisition for ~$860 Million

Earthstone Energy announces Midland Basin asset acquisition for ~$860 Million

Earthstone Energy


THE WOODLANDS, Texas, Jan. 31, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire the assets of privately held Bighorn Permian Resources,

Source: Reuters

Chesapeake working with Chief Oil & Gas on possible $2.4B deal

World Oil


(Bloomberg) –Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter.

A deal could be …

Source: Reuters

Sixth Street Partners in final talks to buy stake in Eni’s power unit – sources

Reuters


MILAN – U.S. investment firm Sixth Street Partners has emerged as the leading bidder for the power generation unit of Italian energy group Eni and is in advanced talks to buy a minority stake in the business, three sources …

Source: Reuters

Shell to hand over Deer Park refinery to Pemex next week – sources

Nasdaq


MEXICO CITY, Jan 13 – Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.

Royal Dutch Shell RDSa.L

TGS and WesternGeco continue OBN seismic acquisition in the U.S. Gulf of Mexico

TGS and WesternGeco continue OBN seismic acquisition in the U.S. Gulf of Mexico

World Oil


OSLO – TGS, a global provider of energy data and intelligence, in a strategic collaboration with WesternGeco, the geophysical services product line of Schlumberger, announced the continuation of their ultra-long offset ocean-bottom node (OBN) acquisition in Green Canyon, …

Source: World Oil

Shell extends renewable energy commitment with Savion acquisition

World Oil


Shell New Energies US, a subsidiary of Royal Dutch Shell, has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. …

Source: Reuters

ConocoPhillips announces completion of all-cash permian asset acquisition

ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of She…