Mergers, Acquisitions & Divestitures

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Heartland Group and Barron Petroleum Form Joint Venture

Heartland Group and Barron Petroleum Form Joint Venture PR Newswire FORT WO…

Genalta Power Inc. and Capstone Infrastructure Corporation Announce Strategic Alliance

Genalta Power Inc. and Capstone Infrastructure Corporation Announce Strategic Alliance

Genalta Power Inc. and Capstone Infrastructure Corporation Announce Strategic Alliance …

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 …

Quarles Petroleum Acquires Dixie Gas & Oil Corporation

Quarles Petroleum Acquires Dixie Gas & Oil Corporation

Quarles Petroleum Acquires Dixie Gas & Oil Corporation Quarles Petroleum Ac…

Contango Oil & Gas Company and Mid-Con Energy Partners, LP Announce Strategic Merger Continuing Contango’s Consolidation Strategy; Contango Announces Related Increase in Borrowing Base

Contango Oil & Gas Company and Mid-Con Energy Partners, LP Announce Strategic Merger Continuing Contango’s Consolidation Strategy; Contango Announces Related Increase in Borrowing Base

FORT WORTH, Texas and TULSA, Okla., Oct. 26, 2020 (GLOBE NEWSWIRE) — Contango Oil & Ga…

Cenovus and Husky Combine to Create a Resilient Integrated Energy Leader

Cenovus and Husky Combine to Create a Resilient Integrated Energy Leader

CALGARY, Alberta, Oct. 25, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: C…

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 …

Adams Resources & Energy, Inc. Completes Acquisition Of VEX Pipeline And Related Pipeline Terminal Facilities

Adams Resources & Energy, Inc. Completes Acquisition Of VEX Pipeline And Related Pipeline Terminal Facilities

Adams Resources & Energy, Inc. Completes Acquisition Of VEX Pipeline And Related Pipe…

NGX Energy Sells Oil & Gas Interests in Argentina

NGX Energy Sells Oil & Gas Interests in Argentina

NGX Energy Sells Oil & Gas Interests in Argentina NGX Energy Sells Oil &amp…

Pioneer Natural Resources Announces Agreement to Acquire Parsley Energy

Pioneer Natural Resources Announces Agreement to Acquire Parsley Energy

360 Feed Wire

Dallas and Austin, Texas, October 20, 2020 – Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) and Parsley Energy, Inc. (NYSE:PE) (“Parsley”) today announced that they have entered into a definitive agreement under which Pioneer will …

Source: Reuters

Total’s Cray Valley resins business in France not for sale

Reuters


PARIS – Oil and gas group Total TOTF.PA said on Tuesday its Societe Cray Valley business, the French offshoot of its resins operations, was not up for sale.

Reuters reported earlier in October that Total was launching a sale …

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

Valeura Energy Inc. Announces Agreement to Sell Shallow Conventional Assets

Valeura Energy Inc. Announces Agreement to Sell Shallow Conventional Assets

AGREEMENT TO SELL SHALLOW CONVENTIONAL ASSETS FOR UP TO US$18 MILLION CALGARY, AB / ACCE…

Algonquin Completes ESSAL Acquisition

Algonquin Completes ESSAL Acquisition

Algonquin Completes ESSAL Acquisition PR Newswire OAKVILLE, ON, Oct. 19, 20…

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
Saudi Aramco president and CEO Amin Nasser -Saudi Aramco

Saudi Aramco and SABIC To ‘Reevaluate’ $20 Billion Crude-Oil-to-Chemicals Complex

DUBAI (Reuters) – Saudi Aramco and Saudi Basic Industries have decided to re-evaluate t…

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. …

Blackbuck Resources Acquires Whites City Water Infrastructure from Cimarex Energy Co.

Blackbuck Resources Acquires Whites City Water Infrastructure from Cimarex Energy Co.

360 Feed Wire

Houston, – Blackbuck Resources LLC (“BBR”), which designs, builds and operates water infrastructure, announced it has closed on a transaction to purchase Cimarex Energy Co.’s (“Cimarex”) Whites City water infrastructure in Eddy County, New Mexico. The acquired …

Genie Energy Announces Purchase of Partner’s Interest in Orbit Energy JV

Genie Energy Announces Purchase of Partner’s Interest in Orbit Energy JV

Genie Energy Announces Purchase of Partner’s Interest in Orbit Energy JV Genie …

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Altus Power Acquires Operating Solar Portfolio in Georgia

Altus Power Acquires Operating Solar Portfolio in Georgia PR Newswire GREEN…

Source: Reuters

NextEra’s Duke Energy bid faces plethora of regulatory hurdles

Reuters


NEW YORK – NextEra Energy Inc Chief Executive James Robo joked last week he does not pursue small acquisitions because the reward is not worth the “brain damage” of getting them past regulators.

Yet his $65 billion-plus pursuit of …

Canadian Natural Resources Limited Completes Acquisition of Painted Pony Energy Ltd.

Canadian Natural Resources Limited Completes Acquisition of Painted Pony Energy Ltd.

CALGARY, Alberta, Oct. 06, 2020 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“ Pa…

EPCOR USA to Acquire Johnson Utilities

EPCOR USA to Acquire Johnson Utilities

PHOENIX, Oct. 06, 2020 (GLOBE NEWSWIRE) — EPCOR Water Arizona Inc., a subsidiary of EPCOR …

Source: Reuters

TC Energy to buy rest of TC PipeLines in $1.48 billion deal

Reuters


TC PipeLines LP TCP.N said on Monday top shareholder TC Energy Corp TRP.TO offered to buy the rest of the natural gas pipelines operator in a deal that valued the company at about $1.48 billion.

Keystone pipeline operator TC …

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

Chevron Completes Acquisition of Noble Energy

Chevron Corporation (NYSE: CVX) announced today that its acquisition of Noble Energy, I…

Painted Pony Energy Ltd. (CNW Group/Painted Pony Energy Ltd.)

Court of Queen’s Bench of Alberta Approves Painted Pony’s Proposed Transaction with Canadian Natural Resources Limited

CALGARY, Alberta, Oct. 02, 2020 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“ Pa…

Third Coast Midstream Announces Sale of its Cushing Crude Oil Storage Business to HCS Holdings, LLC

Third Coast Midstream Announces Sale of its Cushing Crude Oil Storage Business to HCS Holdings, LLC

Third Coast Midstream Announces Sale of its Cushing Crude Oil Storage Business to HCS Hol…

October 1, 2020 - 7:11 pm Mergers, Acquisitions & Divestitures, Press Releases