Mergers & Acquisitions

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 …

Bonanza Creek Energy, Inc. and HighPoint Resources announce final results of exchange offer and consent solicitations

Bonanza Creek Energy, Inc. and HighPoint Resources announce final results of exchange offer and consent solicitations

DENVER, March 12, 2021 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the …

Source: Reuters

Chevron announces agreement to acquire Noble Midstream Partners

Simplifies governance and corporate structure Enables further integration i…

Northern Oil and Gas, Inc. Announces Transformational Acquisition in the Marcellus Shale

Northern Oil and Gas, Inc. Announces Transformational Acquisition in the Marcellus Shale

HIGHLIGHTS Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern&…

FSource: euters

Reliance’s unit to sell Marcellus shale assets for $250 million

Reuters


BENGALURU – Reliance Industries Ltd said on Thursday its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States for $250 million in cash to Northern Oil and Gas Inc.

The assets, …

Source: Reuters

Exclusive: Private equity firm bids for Canada’s idled Come-by-Chance refinery

Reuters


Private equity firm Cresta Fund Management has offered to buy a majority stake in North Atlantic Refining Ltd (NARL), owner of the idled Canadian 135,000 barrel-per-day Come-by-Chance refinery, according to a letter reviewed by Reuters.

The Dallas-based firm said …

Tailwater Capital announces acquisition of Tall Oak Midstream II and III

Tailwater Capital announces acquisition of Tall Oak Midstream II and III

Oil and Gas 360


Tailwater Energy Fund III to Acquire Tall Oak Midstream III, Retain Tall Oak Name

Tailwater Capital announces acquisition of Tall Oak Midstream II and III- oil and gas 360

Tailwater Energy Fund IV to Separately Acquire Tall Oak Midstream II

Tall Oak Management to Lead Both Companies

DALLAS and OKLAHOMA CITY 

Contango comments on DOI 60-day suspension of leasing and permitting on federal lands and provides update on Silvertip acquisition closing

Contango comments on DOI 60-day suspension of leasing and permitting on federal lands and provides update on Silvertip acquisition closing

Oil and Gas 360


FORT WORTH, Texas, Jan. 25, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today provided commentary on the US Department of Interior’s 60-day suspension of authority for federal …

Source: PR Newswire

Enerplus agrees to acquire Williston Basin operator, enhancing value for shareholders and accelerating free cash flow generation; provides preliminary 2020 results and 2021 guidance

Oil and Gas 360


CALGARY, AB Jan. 25, 2021 /CNW/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX & NYSE: ERF) today announced that it has entered into a definitive agreement to acquire all of the shares of Bruin …

Source: Houston Chronicle

Contango completes acquisition of Mid-Con Energy Partners

Oil and Gas 360


FORT WORTH, Texas, Jan. 21, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced the successful completion of its acquisition of Mid-Con Energy Partners, LP (“Mid-Con”) (NASDAQ: …

Source: Reuters

Premier Oil shareholders vote in favour of Chrysaor merger

Reuters


LONDON – Premier Oil shareholders on Tuesday voted in favour of a reverse takeover of private equity-backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5.5%.

“Shareholder approval …

Source: Reuters

Diamondback Energy, Inc. to acquire QEP Resources in all-stock transaction

Oil and Gas 360


MIDLAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and QEP Resources (NYSE: QEP) (“QEP”) today announced that they have entered into a definitive agreement under which Diamondback …

Source: Reuters

Canadian oil producer Whitecap to buy TORC Oil & Gas for $430 million

Reuters


Canadian oil producer Whitecap Resources Inc said on Tuesday it has agreed to buy rival TORC Oil & Gas Ltd in an all-stock deal valued at about C$552 million ($430.81 million).

The collapse in fuel demand due to coronavirus-related …

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

_______

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 …