Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders
Combined $5.4 Billion Total Enterprise Value
Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver …
Highly Accretive Transaction in Delaware Basin Meaningfully Increases Scale
THE WOODLANDS, Texas, June 15, 2023 (GLOBE NEWSWIRE) — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our”, or “we”) today announced that it has entered into …
Largest Transaction in Company History to be Highly Accretive to Key Financial Metrics, Adds ~5,600 Net Acres to Delaware Basin Portfolio
HIGHLIGHTS
(WO) – Ovintiv Inc. closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv’s existing Permian operations.
The …
DENVER, May 31, 2023 /PRNewswire/ — PureWest Energy, LLC (“PureWest” or the “Company”), a …
(WO) – Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso (“Carso”), has agreed to acquire a 49.9% interest in Talos’ Mexican subsidiary (“Talos Mexico”), which holds the company’s 17.4% …
Talos Energy is selling 49.9% of its Mexican subsidiary to a unit of Grupo Carso, owned by billionaire Carlos Slim, with which the buyer gets access to the huge Zama oilfield offshore Mexico.
Talos Energy on Thursday …
Shale technology advances that propelled the U.S. to the top global oil producer spot with world-beating growth rates are falling fewer and farther between as drilling budgets shrink and with them, the research and development that might deliver …
HOUSTON, May 22, 2023 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) today announced that a wholly owned subsidiary of Chord has entered into a definitive agreement to
Transaction Accretive to Key Financial Metrics, Adds Over 10,000 Net Acres to Delaware Basin Portfolio
HIGHLIGHTS
(Bloomberg) — Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US oil and natural gas pipeline operators.
The deal will see each Magellan stakeholder …
(WO) – Trio Petroleum Corp. announced the signing of an Acquisition Agreement dated May 11, 2023 to potentially acquire up to 100% of the working interest in the Union Avenue oil and gas field in Bakersfield, California.
Trio …
WO) – Crescent Point Energy Corp. has successfully closed its previously announced strategic and accretive acquisition of oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash.
This acquisition aligns with Crescent Point’s long-term strategy …
Transactions solidify Company’s Permian focus and accelerate achievement of debt milestone Company to launch $300 million share buyback at closing
HOUSTON, May 3, 2023 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”)
(WO) – INEOS Energy has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, South Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the …
HOUSTON – U.S. oil and gas dealmaking fell to a two-year low of $8.58 billion last quarter, as combinations of natural gas companies dried up and oil buyers focused on mature plays, energy analytics firm Enverus said on Tuesday.…
(WO) – Suncor Energy has agreed to purchase TotalEnergies’ Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) and a 50% …
(WO) – Matador Resources Company announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners Holdings, LLC (“Advance”) from EnCap Investments L.P., including Advance’s oil and natural gas producing properties and undeveloped acreage in Lea …
(Bloomberg) – Diamondback Energy Inc. is looking to sell non-core assets in the western Permian Basin as the oil producer looks to cash in on an increasingly active deal market in U.S. shale.
The company is working …
ExxonMobil has held early informal talks about potentially acquiring the largest pure-play shale producer, Pioneer Natural Resources, The Wall Street Journal has reported, quoting sources with knowledge of the matter.
Exxon is looking to boost additionally its …
DENVER, April 10, 2023–(BUSINESS WIRE)– Liberty announced today the commercial launch of Liberty Power Innovations (LPI), an integrated alternative fuel and power solutions provider for remote applications. LPI’s initial focus is on compressed natural gas (CNG) …
(Bloomberg) – Vantage Drilling International is exploring strategic options including a potential sale, according to people familiar with the matter.
The offshore drilling contractor is working with a financial adviser, said the people, who asked to not …
Transaction Expands Permian Premium Inventory, Enhances Shareholder Returns
Company to Exit Bakken Position with Announced Asset Sale
Highlights:
CALGARY, AB, April 3, 2023 /CNW/ – Vermilion Energy Inc. (“Vermilion”) (TSX: VET) (NYSE: VET) is pleased to announce the closing of the acquisition of Equinor Energy Ireland Limited (“EEIL”) from Equinor ASA on March …
(Bloomberg) – Crescent Point Energy Corp. is accelerating its shift into Alberta’s shale plays with a C$1.7 billion ($1.3 billion) acquisition of Spartan Delta Corp.’s assets in the prolific Montney formation.
The purchase will add 600 drilling locations …
Publishers Note: Spartan Delta Corp will be giving a presentation at 10:05 am Central Time on Tuesday, April 18, 2023 at EnerCom Dallas. There is no cost to attend EnerCom Dallas and The Energy Venture Investment …
Warren Buffett’s Berkshire Hathaway bought shares in Occidental Petroleum for the third time this month, boosting its stake in the company to 23.6 percent.
The investment firm paid $216 million for the shares, which it bought on …
(Bloomberg) – Closely held gas driller Escondido Resources is working with financial advisers to test the market’s appetite for its assets in South Texas, according to people with knowledge of the situation.
The Mountain Capital-backed company is having …
Equinor has signed a deal to buy for $850 million the UK assets of Canada’s Suncor Energy, including a stake in a massive producing oil field and an interest in one of the major planned developments in the …
