Mergers, Acquisitions & Divestitures

Liberty announces investment in Natron Energy

Liberty announces investment in Natron Energy

Oil and Gas 360


DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT) announced today an investment in Natron Energy, a global leader in the manufacturing of sodium-ion batteries.

Liberty announces investment in Natron Energy- oil and gas 360

Liberty and Natron will collaborate to introduce sodium-ion batteries as an energy storage …

Sitio Royalties and Brigham Minerals to combine in $4.8 billion all-stock, at-market merger, forming a premier consolidator of oil and gas mineral and royalty interests

Sitio Royalties and Brigham Minerals to combine in $4.8 billion all-stock, at-market merger, forming a premier consolidator of oil and gas mineral and royalty interests

Oil and Gas 360


Sitio Royalties Corp. (NYSE: STR) (“Sitio”, “STR” or the “Company”) and Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals”, “MNRL” or “Brigham”) today announced that they have entered into a definitive agreement …

Centennial Resource Development and Colgate Energy complete combination, forming Permian Resources Corporation

Centennial Resource Development and Colgate Energy complete combination, forming Permian Resources Corporation

Oil & Gas 360


MIDLAND, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) — Permian Resources Corporation (“Permian Resources” or the “Company”) today announced the successful completion of the combination of Centennial Resource Development, Inc. (“Centennial”) (NASDAQ: CDEV) and Colgate Energy Partners …

Ring Energy announces the closing of the stronghold Permian Basin assets acquisition

Ring Energy announces the closing of the stronghold Permian Basin assets acquisition

Oil and Gas 360


THE WOODLANDS, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has completed its previously announced acquisition (the “Transaction”) of the assets of privately-held Stronghold …

EXCLUSIVE-Exxon to sell Arkansas shale gas assets to Flywheel Energy

EXCLUSIVE-Exxon to sell Arkansas shale gas assets to Flywheel Energy

Nasdaq


Exxon Mobil Corp XOM.N has reached an agreement with Flywheel Energy to sell to the closely held U.S. oil and gas producer natural gas properties in Arkansas, an Exxon spokesperson confirmed on Friday. The sale of Exxon’s Fayetteville Shale …

Source: World Oil

Berkshire Hathaway approved to buy up to half of Occidental Petroleum

World Oil


Warren Buffett’s Berkshire Hathaway Inc. won approval from U.S. regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months acquiring its shares. Occidental’s shares surged on news of the authorization.

Berkshire applied to the …

Source: World Oil

Tellurian completes $125 million purchase of Haynesville Basin assets

World Oil


Tellurian Inc. announced that its subsidiary, Tellurian Production, closed on its previously announced acquisition of $125.5 million worth of assets in the Haynesville shale basin.

 

Tellurian purchased upstream assets from EnSight IV Energy Partners, LLC and EnSight …

Source: Reuters

Phillips 66 offers to buy pipeline operator DCP Midstream

Nasdaq


HOUSTON – U.S. refiner Phillips 66 PSX.N on Wednesday offered to acquire the public units of DCP Midstream DCP.N in a deal that would value the pipeline operator at $7.2 billion deal and bulk up Phillip’s natural gas liquids …

Denbury explores options including possible sale – Bloomberg News

Denbury explores options including possible sale – Bloomberg News

Investing


Independent oil company Denbury Resources Inc (NYSE:DEN) is exploring its options, including a potential sale, Bloomberg said Wednesday, citing people with knowledge of the matter.

 

Denbury explores options including possible sale - Bloomberg News- oil and gas 360

Based in Plano, Texas, Denbury has been working with an advisor …

Source:NOG

NOG announces Midland Basin bolt-on acquisition

Oil and Gas 360


MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that it has entered into an agreement to acquire properties in the Midland Basin.

 

HIGHLIGHTS

  • Bolt-on acquisition of high oil
Source: Reuters

Upstream mergers and acquisitions fall to $12 billion during ‘challenging quarter’

World Oil


Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q2 2022 upstream M&A. Overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both …

Source: Reuters

Tellurian announces Haynesville Shale acquisition for $125 million

Oil and Gas 360


HOUSTON–(BUSINESS WIRE)– Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, …

Fundare Resources closes acquisition of Green River Basin asset

Fundare Resources closes acquisition of Green River Basin asset

Oil and Gas 360


Publisher’s Note: Fundare Resources will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and schedule one-on-one meetings. 

 

Fundare Resources closes acquisition of Green River Basin asset- oil and gas 360

DENVER, July 12, 2022–(BUSINESS WIRE)–Fundare Resources Company, LLC …

SilverBow Resources announces closing of Sundance acquisition and updated outlook

SilverBow Resources announces closing of Sundance acquisition and updated outlook

Oil and Gas 360


Publisher’s Note: SilverBow Resources will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.

HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today that it has

Ring Energy announces agreement to acquire Stronghold’s Permian Basin assets

Ring Energy announces agreement to acquire Stronghold’s Permian Basin assets

Oil and Gas 360


Publisher’s Note: Ring Energy will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.

THE WOODLANDS, Texas, July 05, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” …

Ranger Oil announces accretive acquisitions adding additional scale to premium Eagle Ford position

Ranger Oil announces accretive acquisitions adding additional scale to premium Eagle Ford position

Oil and Gas 360


HOUSTON, TX / ACCESSWIRE / June 30, 2022 / Ranger Oil Corporation (“Ranger” or the “Company”) (NASDAQ: ROCC) today announced additional bolt-on acquisitions of oil and gas assets in the Eagle Ford shale, bringing the total …

Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%

Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%

Oil and Gas 360


CALGARY, ABJune 28, 2022 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce it has entered into a purchase and sale agreement to acquire XTO Energy Canada

Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million

Earthstone Energy announces Northern Delaware Basin asset acquisition for ~$627 million

Oil and Gas 360


Publisher’s Note: Earthstone Energy, Inc. will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022 in Denver. Register to attend.

THE WOODLANDS, TexasJune 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: …

Sitio Royalties announces highly accretive Permian Basin acquisitions

Sitio Royalties announces highly accretive Permian Basin acquisitions

Oil and Gas 360


DENVER–(BUSINESS WIRE)– Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced it has (i) completed the acquisition of over 19,700 net royalty acres (“NRAs”) in the Permian Basin from Foundation Minerals, a Midland-based portfolio …

ProFrac Holding Corp. to acquire U.S. Well Services, Inc.

ProFrac Holding Corp. to acquire U.S. Well Services, Inc.

Oil and Gas 360


WILLOW PARK, Texas and HOUSTONJune 21, 2022 /PRNewswire/ — ProFrac Holding Corp. (NASDAQ: PFHC) (“ProFrac” or the “Company”) announced today that it has reached an agreement to acquire U.S. Well Services, Inc. (NASDAQ: USWS) …

Targa Resources Corp. to acquire Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn; provides updated 2022 Standalone Financial Outlook

Targa Resources Corp. to acquire Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn; provides updated 2022 Standalone Financial Outlook

Oil and Gas 360


June 16, 2022 at 4:41 PM EDT- HOUSTON and DALLAS and NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) and Lucid Energy Group, a leading privately held …

Oasis Petroleum Inc. declares special dividend of $15.00 per share in connection with its merger with Whiting

Oasis Petroleum Inc. declares special dividend of $15.00 per share in connection with its merger with Whiting

Oil and Gas 360


HOUSTON, June 16, 2022 /PRNewswire/ — Oasis Petroleum Inc. (NASDAQ: OAS) (“Oasis”) announced today that its Board of Directors has, subject to certain conditions, declared a special dividend of $15.00 per share of Oasis …

Southwestern Energy, Uniper execute supply agreement for RSG

Southwestern Energy, Uniper execute supply agreement for RSG

Southwestern Energy


06/14/2022 – Multi-year agreement to provide certified low-methane emission U.S. natural gas for domestic and international markets.
Southwestern Energy, Uniper execute supply agreement for RSG- oil and gas 360

SPRING, Texas–(BUSINESS WIRE)– Southwestern Energy Company (NYSE: SWN), the largest dual-basin natural gas producer in the U.S., today announced a multi-year,

Source: Reuters

Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset

Yahoo Finance


Publisher’s Note: BP will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend. 

CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement …

PDC Energy announces approval of Kenosha Oil and Gas development plan

PDC Energy announces approval of Kenosha Oil and Gas development plan

Yahoo Finance


Publisher’s Note: PDC Energy will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Registration is open.

DENVER, June 08, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today …

Source: Reuters

Devon Energy announces bolt-on acquisition in the Williston Basin

Oil and Gas 360


OKLAHOMA CITY, June 08, 2022 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, …

Source: Reuters

Southwest Gas Holdings to consider sale after another acquisition bid

Nasdaq


Southwest Gas Holdings Inc SWX.N said on Monday it would evaluate selling itself, among other alternatives, after an unnamed potential buyer showed interest in acquiring the utility at a price “well in excess” of Carl Icahn’s $82.50 per share …

SilverBow Resources announces acquisitions of Sundance Energy and Sandpoint Resources

SilverBow Resources announces acquisitions of Sundance Energy and Sandpoint Resources

Oil and Gas 360


Strategic Acquisitions of Liquids-Weighted Assets in Western Eagle Ford

M eaningfully Increases Size and Scale

Overlapping, Contiguous Acreage Positions Drive Compelling Industrial Logic

A ccretive to Key Financial & Operational Metrics

HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc.

Source: Reuters

Report shows U.S. upstream mergers and acquisitions open strong in 2022

World Oil


Enverus, an energy data analytics and SaaS technology company, is releasing its summary of Q1 2022 M&A activity. As the M&A market marched into the new year, $14 billion in deals were announced during the first quarter of …

Source: World Oil

Shale driller Rockcliff Energy weighs $4 billion sale

World Oil


(Bloomberg) — Rockcliff Energy LLC, a private equity-backed natural gas explorer, has been speaking with advisers as it evaluates takeover interest from rival U.S. shale drillers, people with knowledge of the matter said.

The Houston-based company could seek …