Mergers & Acquisitions

Gear Energy Announces Strategic Combination With Striker Exploration Corp., $15 Million Bought Deal Financing, and Pro Forma $50 Million Senior Secured Revolving Credit Facilities

Gear Energy Announces Strategic Combination With Striker Exploration Corp., $15 Million Bought Deal Financing, and Pro Forma $50 Million Senior Secured Revolving Credit Facilities

Also Announces Increased 2016 Budget Guidance

CALGARY, ALBERTA–(Marketwired – June 7, 2016) –

Gear Energy Ltd. (“Gear“) (TSX:GXE) and Striker Exploration Corp. (“Striker“) (TSX VENTURE:SKX) are pleased to announce that they have entered into a definitive

Talen Energy to be Acquired by Riverstone in $5 Billion Transaction

ALLENTOWN, Pa., June 3, 2016 /PRNewswire/ — Talen Energy Corporation (NYSE: TLN), a competitive energy and power generation company that owns or controls 16,000 megawatts of capacity in eight states, announced today that it has entered into a definitive merger …

Aggressive Asset Sales Helped Clinch Pending DOJ Approval of $107 Billion Beer Behemoth

From Bloomberg

The U.S. Justice Department is poised to approve Anheuser-Busch InBev NV’s takeover of SABMiller Plc in an agreement that may include measures to keep the beer behemoth from edging craft brewers from shelves, according to people familiar with …

Hein & Associates LLP to Host Energy M&A Webinar Wed. June 1

Hein & Associates LLP to Host Energy M&A Webinar Wed. June 1

Accounting firm Hein & Associates LLP is scheduled to conduct a live webinar that will focus on the energy industry on Wednesday June 1, 2016 at 11:00 A.M, EDT. The webinar will feature Principal, Transaction Advisory Services Jimmie Williams, Principal, …

May 24, 2016 - 6:48 pm Closing Bell Story‎, Mergers & Acquisitions

Parsley Energy Announces Capital Raises, Acreage Acquisition Agreement

Parsley Energy, Inc. (ticker: PE) announced on May 23, 2016, that the company has reached an agreement to acquire mineral rights under approximately 30,000 acres consisting of Parsley leasehold and other adjacent properties in Pecos and Reeves Counties, Texas, in …

Oil Service Companies FMC Technologies and Technip Announce $13 Billion Merger

Oil Service Companies FMC Technologies and Technip Announce $13 Billion Merger

Oil service companies FMC and Technip announced a plan to merge in an all-stock deal worth about $13 billion to create a larger player in the energy services sector.

The Houston-based FMC Technologies and the Paris-headquartered Technip will combine to …

Range Resources to Acquire Memorial Resource Development in $4.4 Billion Transaction

Range Resources to Acquire Memorial Resource Development in $4.4 Billion Transaction

“We believe the returns in Terryville rival the Southern Marcellus”: Jeff Ventura 

Range Resources (ticker: RRC), the legacy shale gas developer credited with discovering the Marcellus shale play, announced today that it will acquire all of the outstanding shares …

What will Happen to Freeport-McMoRan’s Oil & Gas Assets without Jim Flores?

What will Happen to Freeport-McMoRan’s Oil & Gas Assets without Jim Flores?

“Having this kind of debt is a killer”: FCX’s CEO Adkerson – Q1’16 conference call

Mining giant Freeport-McMoRan (ticker: FCX) is known internationally as the world’s largest copper miner—one that would be happy right now if it can sell its …

Committee on Foreign Investment OKs TransCanada’s Buy of Columbia Pipeline

Committee on Foreign Investment OKs TransCanada’s Buy of Columbia Pipeline

CALGARY, ALBERTA–(Marketwired – May 16, 2016) – News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that the Committee on Foreign Investment in the United States (CFIUS) has notified TransCanada and Columbia Pipeline Group Inc. (NYSE:CPGX) (Columbia) that its …

A Story Made for Hollywood: How HAL and BHI Banged Heads to Accomplish a $35 Billion Merger that Went Up in Smoke

A Story Made for Hollywood: How HAL and BHI Banged Heads to Accomplish a $35 Billion Merger that Went Up in Smoke

Halliburton + Baker Hughes Deal Dies, but their Intriguing Backstory Lives On

Now that the Halliburton+Baker Hughes (tickers: HAL, BHI) merger deal is going into the history books as an official bust (as of yesterday’s announcement), it’s entertaining to …

Halliburton and Baker Hughes’ $35 Billion Merger is Dead

Halliburton and Baker Hughes’ $35 Billion Merger is Dead

Halliburton and Baker Hughes decide to terminate merger

The world’s second- and third-largest oilfield service companies, Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI), announced the termination of their proposed merger agreement. The deal, which was worth $35 billion before …

Oil and Gas M&A: What Price is the Right Price?

Oil and Gas M&A: What Price is the Right Price?

Deal metrics for U.S. oil and gas M&A are down with oil prices

The precipitous drop in the price of oil has hit the industry hard. Many in the oil and gas business thought a price rout would quickly take …

Chinese Majors Selling Assets back to the Government

Chinese Majors Selling Assets back to the Government

Sinopec offers major stake in international unit to Chinese investment firms

China Petrochemical Corp., or Sinopec Group as it is commonly referred to, is selling more than half of a unit which holds its overseas assets to two state investment …

Chevron Looking for Buyer for $1.3 Billion in Non-Core Assets

Chevron Looking for Buyer for $1.3 Billion in Non-Core Assets

Chevron’s sale would be the largest M&A transaction in the history of Myanmar

U.S. oil and gas major Chevron (ticker: CVX) hopes to sell its gas block stake in Myanmar for an estimated $1.3 billion, according to reports from Reuters

$37.7 Billion Energy Transfer Equity Merger Sours

$37.7 Billion Energy Transfer Equity Merger Sours

Williams Companies claim Energy Transfer Equity is breaching their merger agreement

Williams Companies (ticker: WMB) is suing Energy Transfer Equity (ticker: ETE) for breaching their merger agreement. In September of last year, ETE offered to acquire Williams for total consideration …

Is the Halliburton+Baker Hughes Combination “Unfixable”?

Is the Halliburton+Baker Hughes Combination “Unfixable”?

DOJ sues Halliburton over antitrust concerns in Baker Hughes acquisition

The Department of Justice today announced that it will sue Halliburton (ticker: HAL) over its planned $34 billion takeover of its next largest oilfield service competitor, Baker Hughes (ticker: BHI), …

Schlumberger Clears Final Hurdle in $14.8 Billion Cameron Merger

Schlumberger Clears Final Hurdle in $14.8 Billion Cameron Merger

Schlumberger receives go-ahead from Chinese Ministry of Commerce

The world’s largest oilfield service company, Schlumberger Limited (ticker: SLB) jointly announced with Cameron International Corporation (ticker: CAM) today that the Chinese Ministry of Commerce (MOFCOM) cleared their proposed merger, which …

Suncor Energy Completes Acquisition of Canadian Oil Sands

Suncor Energy Completes Acquisition of Canadian Oil Sands

CALGARY, ALBERTA–(Marketwired – March 21, 2016) – Suncor and Canadian Oil Sands Limited (“COS“) announced today that Suncor’s acquisition of COS has been completed following shareholder approval of an amalgamation agreement at a special meeting of COS shareholders …

TransCanada Pays $13 Billion for 15,000 Miles of Marcellus/Utica Pipeline Assets

TransCanada Pays $13 Billion for 15,000 Miles of Marcellus/Utica Pipeline Assets

TransCanada purchases Columbia Pipeline Group for $10.2 billion plus assumption of debt

After years of regulatory limbo to get its Keystone XL pipeline resulted in nothing, TransCanada (ticker: TRP, TransCanada.com) found a new way to continue expanding its North …

Oil Companies Are Too Encumbered by Debt to Acquire: Tillerson

Oil Companies Are Too Encumbered by Debt to Acquire: Tillerson

Very few attractive targets for takeover due to debt; doing deals has gotten harder, not easier

The amount of debt oil and gas companies took on to fuel growth during the shale revolution has made them too encumbered to be …

Energy Capital Firms Adding Horsepower

Energy Capital Firms Adding Horsepower

Tailwater, Stephens Make Executive Hires

Tailwater Brings in MLP/Midstream Vet Stephen Lipscomb

Dallas-based Tailwater Capital LLC is continuing to grow its team with the addition of Stephen Lipscomb as a vice president.

Lipscomb brings nine years’ experience including midstream operations, …

Shell Just Became the World’s Number Two Energy Company

Shell Just Became the World’s Number Two Energy Company

Shell now controls 16% of the world’s LNG market, becomes the largest independent producer of LNG

Royal Dutch Shell (NYSE: RDS.B; www.shell.com) has leap frogged to the second largest publicly traded energy company in the world following the completion …

Yuma Energy and Davis Petroleum Acquisition Corp. Announce Merger Agreement

Yuma Energy and Davis Petroleum Acquisition Corp. Announce Merger Agreement

HOUSTON, TX–(Marketwired – Feb 12, 2016) – Yuma Energy, Inc. (NYSE MKT: YUMA) (NYSE MKT: YUMA-PA) (“Yuma”) and privately held Davis Petroleum Acquisition Corp. (“Davis”) jointly announced today that they have entered into a definitive merger agreement for an all-stock …

Source: Royal Dutch Shell

Shell Expects $70 Billion Merger with BG to be Effective by February 15

The High Court of Justice of England and Wales Sanctions Shell and BG merger

A press release from Royal Dutch Shell (ticker: RDSA, Shell.com) today announced that the company has received permission to complete its $70 billion purchase of

Fortis Inc. Increases Utility Rate Base to $18 Billion with $11.3 Billion Acquisition

Fortis Inc. Increases Utility Rate Base to $18 Billion with $11.3 Billion Acquisition

Canada’s Fortis acquires largest independent pure-play electric transmission company in the U.S.

Fortis Inc. (ticker: FTS, FortisINC.com) announced today that it will acquire ITC Holdings Corp. for total consideration of $11.3 billion. Under the terms of the deal, ITC …

MPLX LP Pulls Back the Reins, Cuts Dividend Growth in Half

MPLX LP Pulls Back the Reins, Cuts Dividend Growth in Half

Just 63 days after the close of a transformative purchase of MarkWest Energy Partners, Marathon Petroleum, the General Partner of MPLX LP (ticker: MPLX), is downwardly adjusting its dividend growth plan for the MLP – plans that it made public …

Source: XOM

Oil and Gas M&A Down in 2015, but Deals are in Sight

M&A at lowest level in a decade despite megadeals

Many in the oil and gas industry adopted a “wait and see” mentality following the crash in oil prices in November 2014, and mergers and acquisitions in the industry hit the …

What’s in the Cards for Clayton Williams Energy?

What’s in the Cards for Clayton Williams Energy?

Clayton Williams (ticker: CWEI) and Concho Resources (ticker: CXO) each made significant announcements regarding their respective Delaware Basin positions yesterday, including an acreage swap that is “highly beneficial to both companies,” said Mel Riggs, President of CWEI, in the company’s …

Samson Oil & Gas to Secure 50,000 Williston Basin Acres in Transformative Acquisition

Samson Oil & Gas to Secure 50,000 Williston Basin Acres in Transformative Acquisition

Samson Oil & Gas (ticker: SSN) has nearly doubled its output overnight, announcing a $16.5 million acquisition on January 6, 2016. The properties currently produce 720 BOPD from 41 net producing wells and contain proved reserves of 8.5 MMBO as …

Whiting Petroleum Pads Balance Sheet with $75 Million Sale of Niobrara Water Business

Whiting Petroleum Pads Balance Sheet with $75 Million Sale of Niobrara Water Business

Gas Plant Sales on the Horizon?

Whiting Petroleum (ticker: WLL), a Denver-based exploration and production company with operations focused on the Bakken Shale and Denver Julesburg Basin, has closed on the sale of its DJ water business for $75 million. …