Mergers, Acquisitions & Divestitures

EQT announces transformative transaction with Alta Resources

EQT announces transformative transaction with Alta Resources

05/06/21

PITTSBURGH, May 6, 2021 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced that it has entered into a purchase agreement with Alta Resources Development, LLC (Alta), pursuant to which

Source: Reuters

Chevron pitches $100 million in New Mexico properties as oil M&A heats up

Reuters


HOUSTON – Chevron Corp is offering to sell about 73,000 acres (29,540 hectares) of oil and gas properties in New Mexico, according to documents viewed by Reuters, as oil firms accelerate divestitures in a rebounding oil market.

Sales in …

Hess completes sale of non strategic interests in Bakken acreage

Hess completes sale of non strategic interests in Bakken acreage

Hess Corporation (NYSE: HES) announced today that it has completed the previously annou…

Source: Reuters

Iraq considering buying Exxon stake in West Qurna 1 oilfield – oil minister

Reuters


BAGHDAD -Iraq is considering buying ExxonMobil’s stake in the southern West Qurna 1 oilfield through the state-owned Basra Oil Company, the country’s oil minister said on Monday.

The oil ministry is discussing BOC “taking ownership of the Exxon stake …

CenterPoint announces sale of Arkansas and Oklahoma natural gas LDC businesses to Summit Utilities for $2.150 billion in cash

CenterPoint announces sale of Arkansas and Oklahoma natural gas LDC businesses to Summit Utilities for $2.150 billion in cash

CenterPoint to receive $2.150 billion in cash, including recovery of approximately …

Source: Reuters

Exxon says it may close down its oil refinery in Norway

Reuters


OSLO – Exxon is considering whether to close down its Slagen oil refinery in Norway, which has a capacity to process 120,000 barrels of crude per day, turning the site into an import terminal, the U.S. energy major said …

Source: Reuters

Sempra Energy to sell 20% stake in unit to KKR for $3.37 billion

Reuters


Energy infrastructure company Sempra Energy said on Monday it would sell a 20% stake in its new business platform, Sempra Infrastructure Partners, to investment firm KKR for $3.37 billion in cash.

The sale was flagged by Sempra in December …

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 …

Ovintiv exceeds divestiture target, announces Eagle Ford sale and updates guidance

Ovintiv exceeds divestiture target, announces Eagle Ford sale and updates guidance

Oil and Gas 360


DENVERMarch 24, 2021 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the signing of an agreement to sell its Eagle Ford assets to Validus Energy for $880 million. With this sale, …

Source: Reuters

Canadian oil patch braces for more deals after record start to 2021

Reuters


TORONTO – Mergers and acquisitions in Canada’s oil and gas sector had a record start to the year in 2021 as companies took advantage of improved oil price expectations amid the pandemic recovery, and many industry participants expect the …

Source: Reuters

EnerCom Dallas Presenter Update: Suncor Energy to accelerate decarbonization with carbon capture technology.

Oil and Gas 360


ESG Takes Center Stage at The EnerCom Dallas Energy Investment & ESG Conference April 6-7

Editor’s Note: Suncor Energy (NYSE: SU) is Canada’s leading integrated energy company working together with stakeholders to responsibly supply the energy …

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…

Surge Energy Inc. announces successful 1H/21 drilling program; strategic $106 million asset Sale; positive credit facility re-determination

Surge Energy Inc. announces successful 1H/21 drilling program; strategic $106 million asset Sale; positive credit facility re-determination

Surge Energy Inc. Announces Successful 1H/21 Drilling Program; Strategic $106 Million Ass…

Tamarack Valley Energy announces strategic Clearwater and Waterflood asset acquisitions, $55.0 million equity financing, appointment of new board member and Pro Forma 2021 guidance

Tamarack Valley Energy announces strategic Clearwater and Waterflood asset acquisitions, $55.0 million equity financing, appointment of new board member and Pro Forma 2021 guidance

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY …

Source: Reuters

Exclusive: Equinor considers more US asset sales in global strategy revamp

Reuters


OSLO – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of …

Source: nasdaq

Analysis: Montney shale patch merger shines light on Canada’s premier play

Reuters


CALGARY, Alberta – ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top …

Chevron Announces Offer to Acquire Noble Midstream Partners LP

Chevron Announces Offer to Acquire Noble Midstream Partners LP

Chevron Corporation (NYSE: CVX) announced today that it has submitted a non-binding pro…

February 5, 2021 - 12:00 pm Mergers, Acquisitions & Divestitures, Press Releases
CorEnergy Announces Acquisition of Crimson’s California Pipeline Assets

CorEnergy Announces Acquisition of Crimson’s California Pipeline Assets

Consideration Includes Sale of Grand Isle Gathering System CorEnergy Infras…

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&…

Source: Reuters

Sumitomo quits U.S. shale oil with sale of Eagle Ford stake

Reuters


TOKYO  – Japanese trading house Sumitomo Corp has quit the shale oil business in the United States by selling its stake in a project in the Eagle Ford during the October to December quarter of 2020, a company spokesman …

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: PR Newswire

PetroTal advises of Gran Tierra ownership reduction

Oil and Gas 360


Calgary, Alberta and Houston, Texas–(Newsfile Corp. – January 25, 2021) – PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (“PetroTal” or the “Company“) advises that, as announced by Gran Tierra Energy Inc. (“GTEI”) on …

Martin Midstream Partners L.P. Announces Sale of Mega Lubricants

Martin Midstream Partners L.P. Announces Sale of Mega Lubricants

KILGORE, Texas, Dec. 22, 2020 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (NASDAQ: M…

TransAtlantic Petroleum Approval of Agreement and Plan of Merger

TransAtlantic Petroleum Approval of Agreement and Plan of Merger

TransAntantic

HAMILTON, Bermuda, Dec. 18, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced that the Company’s shareholders have approved the Agreement and Plan of Merger (the “Merger Agreement”), by and …

Earthstone Energy Announces Significant Midland Basin Acquisition

Earthstone Energy Announces Significant Midland Basin Acquisition

Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into a definitive agreement to acquire Independence Resources Management, LLC (“IRM”), a privately held independent E&P company backed by Warburg Pincus, LLC and its affiliates …

Source: Reuters

BP takes majority stake in U.S. carbon offset firm Finite Carbon

Reuters


LONDON  – BP has acquired a majority stake in the largest U.S. carbon offset developer, Finite Carbon, the oil major said on Wednesday, as part of its climate goals and to develop a new revenue stream.

BP and other …

Sale of the offshore construction & cable-lay vessel Connector

Sale of the offshore construction & cable-lay vessel Connector

Sale of the offshore construction & cable-lay vessel Connector STOCKHOLM,…

XcelPlus Acquires Waste-to-Energy Plasma Gasification Company

XcelPlus Acquires Waste-to-Energy Plasma Gasification Company

Reno, Nevada–(Newsfile Corp. – December 4, 2020) – XcelPlus International Inc. (OTC Pink: XLP…

Sasol Ethan Cracker Louisiana

Successful Completion of the Divestment of Sasol’s 50% Interest in the Lake Charles Chemical Project Base Chemicals Business; Covenant Amendment for 31 December 2020 and Sasol Investor Update

Successful Completion of the Divestment of Sasol’s 50% Interest in the Lake Charles Chemi…