Mergers & Acquisitions

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…

Source: Reuters

Lundin Energy sale would be better than a merger

Reuters


LONDON, Nov 30 (Reuters Breakingviews) – Sweden’s Lundin family may be getting itchy feet again. Oil and gas company Lundin Energy (LUNE.ST), in which the family holds a 33% stake, is considering a sale or merger, Bloomberg said

Source: Reuters

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

Reuters


HOUSTON – A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of …

Paloma Partners to acquire Goodrich Petroleum Corporation for $23.00 per fully diluted share for a total of approximately $480 million, including assumption of the company’s first lien debt

Paloma Partners to acquire Goodrich Petroleum Corporation for $23.00 per fully diluted share for a total of approximately $480 million, including assumption of the company’s first lien debt

Goodrich Petroleum Company


HOUSTONNov. 22, 2021 /PRNewswire/ — Goodrich Petroleum Corporation (NYSE American: GDP) (“Goodrich” or the “Company”) today announced that it has entered into a definitive merger agreement pursuant to which a subsidiary

Source: Reuters

Southwestern Energy to acquire GEP Haynesville for $1.8 billion

World Oil


SPRING, TX – Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion.

 

The …

Source: Reuters

Chesapeake Energy Corporation completes acquisition of Vine Energy Inc.

PR Newswire


KLAHOMA CITYNov. 1, 2021 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today announced it has completed its previously announced acquisition of Vine Energy Inc. (NYSE: VEI). The transaction was approved by Vine stockholders at a …

Source: Reuters

Phillips 66 to buy remaining stake in partnership for $3.4 billion

Reuters


Phillips 66 said on Wednesday it will buy the remaining units of Phillips 66 Partners it does not already own for $3.4 billion, as the refiner aims to simplify its governance and corporate structure.

Phillips 66 Partners was formed …

Source: Reuters

Crestwood Equity to boost U.S. shale footprint with $1.8 bln deal

Reuters


Oil and gas pipeline operator Crestwood Equity (NYSE:) Partners LP will buy Oasis Petroleum (NASDAQ:) Inc’s midstream unit in a $1.8 billion deal to expand its footprint in U.S. shale basins.

 

The cash-and-stock deal comes as oil and …

Source: Reuters

EXCLUSIVE U.S. slows down oil and gas mergers-sources

Nasdaq


NEW YORK/WASHINGTON – U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle soaring …

Source: Fox Business

Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips

Fox Business


Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy …

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.