(World Oil) – ConocoPhillips is exploring a sale of some of its Permian basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter. The assets, picked up over the years through deals with Concho Resources Inc. and Shell Plc, are expected to fetch about $2 billion, the people said, asking not to be
(By Oil & Gas 360) – Capital discipline continues to define strategy across the U.S. energy sector. SM Energy announced an agreement to sell its South Texas assets to Caturus Energy for $950 million, further streamlining its portfolio and reinforcing liquidity. The transaction reflects an industry trend toward concentrating capital in core operating areas while monetizing non-core positions. Occidental Petroleum
(World Oil) – Occidental Petroleum reported fourth-quarter 2025 production that exceeded guidance and continued balance sheet improvement following the sale of its OxyChem business, the company announced Tuesday. Total company production averaged 1.48 MMboed during the quarter, surpassing the high end of guidance, with strong contributions from the Permian basin and Rockies. U.S. Gulf and international production met expectations. Occidental generated
(World Oil) – SM Energy has entered into an agreement to sell certain South Texas assets to Caturus Energy (formerly Kimmeridge Texas Gas) for $950 million in cash, advancing the company’s effort to streamline its portfolio and reduce debt. The transaction includes approximately 61,000 net acres and about 260 producing wells in SM Energy’s southern Maverick basin position in Webb County, Texas, along with
(Oil Price) – Portland General Electric Company has agreed to buy select power plants and utility operations of Berkshire Hathaway’s PacifiCorp in Washington State for $1.9 billion, the Portland-based firm said on Tuesday. The price of the acquisition represents a purchase price multiple of 1.4 times the estimated 2026 rate base. As part of the deal, Portland General Electric (PGE) will buy three
(World Oil) – JERA Co., Inc., through its subsidiary JERA Americas Inc., has completed its previously announced acquisition of upstream natural gas assets in the Haynesville shale of western Louisiana, expanding the company’s U.S. upstream and LNG-linked portfolio. The transaction gives JERA full ownership of the South Mansfield upstream asset, acquired from Williams and GeoSouthern Energy affiliates for an upfront investment of approximately $1.5 billion. The Haynesville
(BOE Report) – Presidio Investment Holdings is working with Goldman Sachs on a first-of-its-kind debt facility worth up to $1 billion to give the U.S. oil and gas producer a war chest to pursue acquisitions as it becomes a publicly listed company, Presidio’s executives told Reuters. The energy producer is set to list in the coming weeks via a combination
(BOE Report) – CALGARY – Oilpatch advisers are expecting the wave of consolidation to continue after last year’s string of blockbuster Canadian deals, but whether foreign buyers are ready to jump into the fray remains an open question. Companies have seen the merit in bulking up through mergers and acquisitions as oil prices hover around the lacklustre US$60 per barrel mark,
(World Oil) – Transocean Ltd. has agreed to acquire offshore driller Valaris Ltd. in an all-stock transaction valued at approximately $5.8 billion, creating what the companies say will be the world’s highest-specification offshore drilling fleet and one of the largest global offshore contractors. The combined company will have an implied enterprise value of about $17 billion and a pro forma market capitalization of
(Oil and Gas 360) – Energy Advisors continuing series on Coterra Energy, Devon Energy, Kimmeridge, and Scott Sheffield asks the ultimate question: Can 1+1 ever equal 3 in the M&A world? Click New Devon, What’s 1+1? to download the report series. Our first report“ The Debate Begins” looked at what a Coterra and Devon merger would look like vs. Coterra becoming a Delaware pure-play
(BOE Report) – Chevron is one of at least two companies vying for Lukoil’s global assets, despite the Russian energy company’s initial agreement last week to sell them to U.S. private equity firm Carlyle, four sources familiar with the conversations said. Lukoil has until February 28 to sell the assets, the latest deadline set by the U.S. Treasury, which imposed sanctions
(World Oil) – VAALCO Energy has agreed to sell its non-core producing properties in Canada for approximately CAD $35 million (about USD $25.6 million), as the company continues to streamline its portfolio and focus capital on higher-return upstream opportunities. The assets, which currently produce about 1,850 boed working interest, are expected to close within 30 days, subject to customary conditions. The transaction
