Mergers & Acquisitions

Chesapeake Utilities Corporation to Acquire Elkton Gas

Chesapeake Utilities Corporation to Acquire Elkton Gas

PR Newswire


Chesapeake Utilities Corporation to Acquire Elkton Gas -oilandgas360

 

Chesapeake Utilities Corporation (Chesapeake Utilities) (NYSE: CPK) and South Jersey Industries (SJI) (NYSE: SJI) today announced they have entered into an agreement, dated Dec. 5, 2019, under which Chesapeake Utilities will acquire SJI subsidiary …

Source: Houston Chronicle

SemGroup stockholders approve $5 billion M&A deal with Energy Transfer

Houston Chronicle


Stockholders of the Oklahoma pipeline company SemGroup voted to approve a $5 billion merger with Dallas-based pipeline giant Energy Transfer.

During a special Wednesday morning stockholders meeting, shareholders voted to the merger agreement.

Under the deal valued at …

ISS flips and supports sweetened Callon-Carrizo deal

ISS flips and supports sweetened Callon-Carrizo deal

Houston Chronicle


An influential proxy advisory firm said Wednesday it now supports the merger of Houston oil producers Callon Petroleum and Carrizo Oil & Gas after the deal was sweetened for hesitant Callon shareholders.

Callon plans to acquire Carrizo in …

Source: Reuters/Nick Oxford

Paulson gives up opposition to reduced Callon-Carrizo deal

Reuters:


Callon Petroleum Co shareholder Paulson & Co said on Monday it would now not oppose the U.S. shale producer’s purchase of smaller rival Carrizo Oil & Gas Inc, after the company last week sharply cut its offer.

Billionaire investor …

More new oil and gas inventory coming from mergers, not exploration

More new oil and gas inventory coming from mergers, not exploration

Houston Chronicle


Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.

As the oil and gas sector cuts down on exploration in order to save money …

Ithaca Energy Completes the Purchase of Chevron North Sea Ltd

TEL AVIV, IsraelNov. 11, 2019 /PRNewswire/ —  Delek Group (TASE: DLEKG) (US ADR: DGRLY) (“the Company”) is pleased to announce that Ithaca Energy, its fully-owned North Sea E&P subsidiary, has completed the $2 billion acquisition of Chevron North

November 11, 2019 - 10:00 am International, Mergers & Acquisitions, Press Releases
SitePro acquires Integrated Control Solutions

SitePro acquires Integrated Control Solutions

Energy Tech Leader, SitePro, Continues to Transform Industry with Acquisition of ICS

SitePro, the leading automation technology solutions and service provider for the energy industry, today announced the acquisition of Integrated Control Solutions (ICS). The acquisition of ICS brings together …

Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote

Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote

Houston Chronicle:


Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote - oil and gas 360

The pending merger between Houston oil producers Callon Petroleum and Carrizo Oil & Gas could be on the brink of falling apart with ongoing investor opposition ahead of the Nov. 14 shareholder vote to approve the deal.…

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

Source: Reuters


DTE Energy’s midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana’s Haynesville shale for $2.25 billion in cash.

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion - oil and gas 360

DTE Midstream will acquire the assets from Momentum Midstream and Indigo Natural …

October 18, 2019 - 8:15 am Closing Bell Story‎, Mergers & Acquisitions, Midstream
Photo: Parsley Energy

Parsley Energy to buy Jagged Peak for $1.65 billion in Permian merger

Source: Houston Chronicle


Austin-based Parsley Energy said it will pay $1.65 billion to acquire Denver’s Jagged Peak Energy in a combination of Permian Basin players.

The all-stock deal turns Parsley into a buyer at a time when energy analysts believed …

Source Roan Resources

Roan Resources Enters Into Definitive Merger Agreement to Be Acquired by Citizen Energy

Roan Resources Enters Into Definitive Merger Agreement to Be Acquired by Citizen Energy

Source: Houston Chronicle

Callon makes case for Carrizo merger amid shareholder opposition

Source: Houston Chronicle


Houston oil and gas producer Callon Petroleum is going on the offensive to sell its shareholders on its proposed acquisition of Carrizo Oil & Gas after one of Callon’s top shareholders came out against the deal.

While …

September 26, 2019 - 11:45 am Closing Bell Story‎, Energy News, Mergers & Acquisitions
SemGroup to be Acquired by Energy Transfer in $5 Billion Transaction

SemGroup to be Acquired by Energy Transfer in $5 Billion Transaction

 

SemGroup to merge with one of the largest, diversified midstream energy companies in North America

Benefits of scale will strengthen and accelerate growth opportunities for SemGroup assets and improve access to capital markets

SemGroup shareholders to benefit from significant,

September 17, 2019 - 2:35 pm Closing Bell Story‎, Mergers & Acquisitions
Source Reuters

Paulson’s hedge fund calls on Callon to drop merger, sell itself

From Reuters


Billionaire investor John Paulson’s hedge fund on Monday urged Callon Petroleum Co (CPE.N) to drop its proposed $3.2 billion acquisition of Carrizo Oil & Gas Inc (CRZO.O), and instead consider selling itself.

Paulson & …

Source: Tallgrass Energy

Tallgrass Energy Receives ‘Take Private’ Proposal

By Tyler Losier, Energy Reporter, Oil & Gas 360

Tallgrass Energy receives preliminary proposal letter from Blackstone Infrastructure Partners offering to take the company private
Tallgrass Energy LP (stock ticker: TGE), a midstream infrastructure company, received a non-binding preliminary proposal

Source: Data Gumbo

Verisk to Acquire Genscape

By Tyler Losier, Energy Reporter, Oil & Gas 360

Genscape will become a part of Verisk subsidiary Wood Mackenzie
Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a

Source: PDC Energy

PDC Energy to Acquire SRC Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

PDC Energy to acquire SRC Energy in all-stock transaction valued at approximately $1.7 billion
PDC Energy Inc. (stock ticker: PDCE), an independent E&P based out of Denver, has entered into a

Source: Tyler Losier

Occidental Finance Chief Pledges to Act Quickly to Pare Acquisition Debt

From Reuters


Occidental Petroleum Corp (OXY.N) expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday.

Cedric Burgher, in his first public remarks since the …

Source: Occidental Petroleum

Occidental Closes on Anadarko

By Tyler Losier, Energy Reporter, Oil & Gas 360

Occidental Petroleum completes its $55 billion takeover of Anadarko Petroleum
Occidental Petroleum Corporation (stock ticker: OXY), led by President and CEO Vicki Hollub, has completed its acquisition of Anadarko Petroleum Corporation

Source: Amplify Energy

Shareholders of Amplify Energy and Midstates Petroleum Greenlight Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Amplify Energy and Midstates Petroleum to merge after receiving shareholder approval
Amplify Energy Corporation (stock ticker: AMPY), a Houston-based independent E&P, has received the necessary shareholder approval for its previously announced

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

From The Houston Chronicle


Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August.

Houston-based Oxy …

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

By Tyler Losier, Energy Reporter, Oil & Gas 360

Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation
Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil &

Callon and Carrizo Merger: Conference Call Excerpts

Callon and Carrizo Merger: Conference Call Excerpts

Compiled by Bevo Beaven and Tyler Losier, Oil & Gas 360

In light of Callon and Carrizo’s $3.2 billion merger, the two companies held an investor conference call this morning. Below are notable excerpts, compiled from Bloomberg’s transcription of the

Source: Callon Petroleum

Upstream Oil Merger: Callon Acquires Carrizo in $3.2 Billion Texas Combo

By Tyler Losier, Energy Reporter, Oil & Gas 360

Callon adds oil-weighted assets in the Permian and Eagle Ford through all-stock transaction
Callon Petroleum Company (stock ticker: CPE), an independent E&P focused on unconventional assets in the Permian, has struck

Source: Lineal Industries

E&P Diversifies Through Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Acquisition of Lineal Star completed in an all-stock transaction
Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its

Hedge Funds Track Private Jets to Find the Next Mega-Deal 

Hedge Funds Track Private Jets to Find the Next Mega-Deal 

Where there’s a plane, there’s a data trail

From Bloomberg

If you have a meeting with Warren Buffett in Omaha and you want to keep it a secret, consider driving. The airports are being watched.

In April, a stock research …

Did GE Make a Multi-Billion Dollar Mistake? 

Did GE Make a Multi-Billion Dollar Mistake? 

From Think Progress 

Last week, General Electric announced it would close a California gas plant 20 years ahead of schedule. The Inland Empire Energy Center in California, the company said, was “uneconomical to support further” in part because of

Elliott Is in Advanced Talks to Buy QEP Resources: Bloomberg

Elliott Is in Advanced Talks to Buy QEP Resources: Bloomberg

From Bloomberg   

New York-based hedge fund could reach deal for QEP in weeks   

Elliott Management Corp. is in advanced talks to buy QEP Resources Inc., the oil and gas explorer it offered to buy in January, according to people

Source: Archrock

Archrock Makes $410 Million Acquisition

By Tyler Losier, Energy Reporter, Oil & Gas 360

Archrock to purchase ~430,000 horsepower of compression from Elite Compression Services
Houston-based Archrock, Inc. (stock ticker: AROC) has entered into a definitive agreement with Elite Compression Services, a JDH Capital-backed company,

E&P Merger in the STACK

E&P Merger in the STACK

By Tyler Losier, Energy Reporter, Oil & Gas 360

Chisholm Oil and Gas to combine with Gastar Exploration
Chisholm Oil and Gas LCC, backed by Apollo Global Management (stock ticker: APO), has entered into a definitive merger agreement with Gastar