Mergers & Acquisitions

Contango Announces Signing of Agreement to Acquire Oily, Low Decline Assets in Big Horn, Permian, and Powder River Basins

Contango Announces Signing of Agreement to Acquire Oily, Low Decline Assets in Big Horn, Permian, and Powder River Basins

FORT WORTH, Texas, Nov. 30, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (N…

Source: CNBC

Kimmeridge builds new positions in Ovintiv, PDC Energy and Cimarex

OAG360 Publishers Note: Kimmeridge, officially Kimmeridge Energy Management Co., announced yesterday 3 new positions accounting for $62 million

  • PDC Energy
  • Cimarex Energy
  • Ovintiv (artist formerly known as Encana)

The New York based private equity firm was quoted in Bloomberg …

Southwestern Energy purchases Montage Resources, increase borrowing base to $2B

Southwestern Energy purchases Montage Resources, increase borrowing base to $2B

OAG360 Publishers Note: More information coming, watch our Energy News Beat at 2 PM daily for more analysis

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SPRING, Texas–(BUSINESS WIRE)–Southwestern Energy Company (NYSE: SWN) today announced that it has completed the acquisition of Montage Resources

Bonanza Creek buys HighPoint for $376 million after closing Chapter 11

Bonanza Creek buys HighPoint for $376 million after closing Chapter 11

OAG360 Publishers Note: This merger creates a major DJ basin player, and analysts at www.oilandgas360 love BCEI, mininal debt, good mangents. LONG THIS DEAL. For more analysis of this deal, check out our Energy News Beat this afternoon

The

Source: Reuters

Baker Hughes enters renewable technology space, acquiring carbon capture company Compact Carbon Capture (3C)

OAG360 Publishers Note: Major shift from a US service provider, but OAG360 likes the deal.  Oilfield service should be leaders in technology, and as we say everyday on our Energy News Beat show, capital is being tied heavily …

Shell Acquires Full Control of Chinese Gas Station Joint Venture

Shell Acquires Full Control of Chinese Gas Station Joint Venture

Bloomberg

Oil & Gas 360 Publishers Note: This purchase seems to fly in the opposite direction from the Shell’s charted course – Now if they are planning to retro-fit to electric or hydrogen filling stations, this might be just the

Toby Rice, president and CEO of EQT Corp., photographed July 15, 2019.
JOE WOJCIK

EQT closes deal to buy Chevron’s gas assets for $735mm in Appalachia

OAG360 Publishers Note: We wont take full credit, but we will take most of the credit for calling this back on Friday when reports leaked that EQT had sent paperwork over to CNX. Watch out Daily Energy WrapUp everyday …

EQT seeks to acquire CNX Resources – Bloomberg

EQT seeks to acquire CNX Resources – Bloomberg

(Bloomberg) — EQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as M&A accelerates in the distressed shale patch.

EQT recently sent a takeover proposal …

Pioneer Natural Resources in talks to buy Parsley – reports

Pioneer Natural Resources in talks to buy Parsley – reports

OAG360 Publishers Note: This rumor comes as little surprise to the OAG360 analyst team, with Pioneer CEO Scott Sheffield in talks to purchase Chairman of the Board for- Parsley Bryan Sheffield’s company.  We expect low premium deal (smaller than what

Source: Reuters

ConocoPhillips completes transaction for Concho in $9.7 billion stock transaction

After leaking last Friday of a potential deal in the works, $COP and $CXO put ink to paper and make this acquisition official.

Deal Terms: 

  • 1.46 shares of $COP to each $CXO shareholder
    • 15% premium based upon Oct. 13 closing
ConocoPhillips in talks to buy Permian producer Concho – OAG360 Rumor Mill

ConocoPhillips in talks to buy Permian producer Concho – OAG360 Rumor Mill

OAG360 Publishers: ConocoPhillips looks to hop in on the M&A action with the acquiring Midland, TX based Concho Resources.  Any low premium – all stock deal would be a steal for $COP with $CXO shareholders taking it in the shorts. …

Corporate Mergers Boost 3Q20 Upstream M&A Value Even as the Pace of Deals Slows

Corporate Mergers Boost 3Q20 Upstream M&A Value Even as the Pace of Deals Slows

360 News Wire

Third-quarter value soars to $21 billion as E&Ps eye further consolidation

Austin, Texas (October 5, 2020) – Enverus, the leading oil and gas SaaS and data analytics company, is releasing its summary of 3Q20 U.S. upstream M&A. …

Quorum Software Acquires Landdox

Quorum Software Acquires Landdox

360 News Feed

Combination adds innovative cloud-native land management to Upstream On Demand portfolio

HOUSTON, October 5, 2020 – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced …

CNX Releases Presentation Outlining Company Investment Thesis and Capital Markets Communication Approach Following Upstream/Midstream Merger

CNX Releases Presentation Outlining Company Investment Thesis and Capital Markets Communication Approach Following Upstream/Midstream Merger

CNX Releases Presentation Outlining Company Investment Thesis and Capital Markets Communi…

Source: Reuters

Noble Energy shareholders approve $4.2 billion sale to Chevron

Reuters


HOUSTON – Noble Energy NBL.O shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp CVX.N, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves …

Painted Pony Energy Ltd. (CNW Group/Painted Pony Energy Ltd.)

Painted Pony Receives Securityholder Support for its Acquisition by Canadian Natural Resources Limited

CALGARY, Alberta, Oct. 01, 2020 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“ Pa…

October 1, 2020 - 8:25 pm Canada, Canada News, Mergers & Acquisitions, Press Releases
Source: Reuters

Noble Energy shareholders likely to approve $4.2 billion Chevron deal

Reuters


HOUSTON  – Noble Energy Inc NBL.O shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand.

The purchase would …

Source: CNBC

Blackstone completes $7 billion Cheniere partnership stake sale

Offshore-Energy.biz

Blackstone Group said on Thursday it has completed the sale of its 42% stake in Cheniere’s limited partnership to Brookfield Infrastructure and its own affiliated company.

The $7 billion sale represents the culmination of Blackstone Energy Partners’ involvement with …

EQT Bids $750mm for Chevron Appalachia assets

EQT Bids $750mm for Chevron Appalachia assets

EQT Corp, the largest U.S. natural gas producer by volume, has placed a bid on Chevron Corp’s Appalachia gas properties and a pipeline stake, people familiar with the matter said

EQT offered $750 million (578.53 million pounds) for the properties, …

New York Hedge Fund buys stake in Noble Energy, eyes to nix Chevron acquisition

New York Hedge Fund buys stake in Noble Energy, eyes to nix Chevron acquisition

OAG360 Publishers Note: Bloomberg has reported on 9/9/2020 that Elliott Management Corp seeks to break up the CVX/NBL deal, citing the 5 billion dollar price tag was too low.  Elliot plans to sell NBL assets and wait until distressed …

Second U.S. shale boom’s legacy: Overpriced deals, unwanted assets – many are financial albatrosses

Second U.S. shale boom’s legacy: Overpriced deals, unwanted assets – many are financial albatrosses

BIC


Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Many of those deals have …

Whitecap to buy NAL Resources for nearly $119MM

Whitecap to buy NAL Resources for nearly $119MM

BIC


Canadian oil producer Whitecap Resources Inc. said it would buy NAL Resources Ltd, owned by Manulife Financial Corp, for C$155 million ($118.59 million) as it looks to boost its core Alberta and Saskatchewan assets.

Whitecap said it would issue …

Blackstone sells 40% stake in Cheniere LNG to Brookfield

Blackstone sells 40% stake in Cheniere LNG to Brookfield

World Oil – Naureen S. Malik and Heather Perlberg on 8/26/2020


Blackstone Group Inc. will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the U.S.

The firm’s private equity business …

Dominion Energy Acquires Central Virginia Solar Project

Dominion Energy Acquires Central Virginia Solar Project

RICHMOND, Va. , Aug. 17, 2020 /PRNewswire/ — Dominion Energy (NYSE: D) announced…

CenterPoint Energy announces Indiana Electric and Houston Electric to combine into one Electric organization

CenterPoint Energy announces Indiana Electric and Houston Electric to combine into one Electric organization

HOUSTON , Aug. 3, 2020 /PRNewswire/ — Consistent with CenterPoint Energy’s focus on…

Source: Houston Chronicle

NRG Energy Inc. to Hold Investor Call to Discuss Acquisition of Direct Energy

On Friday, July 24, 2020 at 9:00 a.m. Eastern Time, NRG Energy Inc. (NYSE: NRG) will hold an …

HSB Solomon Associates LLC Acquires the Assets of EnSys Energy

HSB Solomon Associates LLC Acquires the Assets of EnSys Energy

Adds Strategic Analysis and Forecasting Capabilities to its Advisory and Benchmarking…

Source: Reuters

Chevron’s $5 billion deal for Noble ends deal drought, sets price benchmark

Reuters


Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting a price benchmark that will trigger more buys, according to mergers and acquisition bankers, lawyers and analysts.…

Chevron Announces Agreement to Acquire Noble Energy

Chevron Announces Agreement to Acquire Noble Energy

Brings high quality assets to Chevron’s global portfolio Proved reserves to…

Exclusive 360 Energy Expert Network Video Interview: Enverus  – Andrew Dittmar – M&A, Chapter 11, and decisions made with data

Exclusive 360 Energy Expert Network Video Interview: Enverus – Andrew Dittmar – M&A, Chapter 11, and decisions made with data

Got Decisions? Get Enverus

 

In this crazy world we politely call 2020, there is a pattern change in M&A, Chapter 11s, Royalties, and how investors operate. Taking the commodity price out of the picture, the balance sheet will make