Post Tagged with: "acquisition"

Callon and Carrizo complete merger

Callon and Carrizo complete merger

Oil and Gas 360


HOUSTONDec. 20, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon”) today announced that it has completed its acquisition of Carrizo Oil & Gas, Inc. (“Carrizo”).

As previously announced, current Carrizo shareholders will receive 1.75 …

Source: Data Gumbo

Verisk to Acquire Genscape

By Tyler Losier, Energy Reporter, Oil & Gas 360

Genscape will become a part of Verisk subsidiary Wood Mackenzie
Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion
Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of

Kayne Anderson Makes $100 Million Upstream Investment

Kayne Anderson Makes $100 Million Upstream Investment

By Tyler Losier, Energy Reporter, Oil & Gas 360

Kayne Anderson Energy Fund VIII invests $100 million in newly-formed Indianola Energy
Kayne Anderson Capital Advisors LP, through its Kayne Anderson Energy Fund VIII LP, has made a $100 million equity

Source: Occidental Petroleum

Oxy Lowers Production Guidance on Legacy Anadarko Assets

From The Houston Chronicle


With Occidental Petroleum finalizing its $38 billion acquisition of Anadarko Petroleum last week, Oxy is now lowering its oil and gas production guidance for the legacy Anadarko assets.

For the rest of this year, Oxy said …

Source: Tyler Losier

Occidental Finance Chief Pledges to Act Quickly to Pare Acquisition Debt

From Reuters


Occidental Petroleum Corp (OXY.N) expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday.

Cedric Burgher, in his first public remarks since the …

Source: Occidental Petroleum

Occidental Closes on Anadarko

By Tyler Losier, Energy Reporter, Oil & Gas 360

Occidental Petroleum completes its $55 billion takeover of Anadarko Petroleum
Occidental Petroleum Corporation (stock ticker: OXY), led by President and CEO Vicki Hollub, has completed its acquisition of Anadarko Petroleum Corporation

Source: NGL Energy Partners

NGL Energy Partners Makes $300 Million Divestiture

By Tyler Losier, Energy Reporter, Oil & Gas 360

NGL Energy Partners sells TransMontaigne Product Services for $300 million
NGL Energy Partners LP (stock ticker: NGL), a vertically integrated midstream company, has signed a definitive agreement to sell TransMontaigne Product

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

By Tyler Losier, Energy Reporter, Oil & Gas 360

Alliance Resource Partners Acquires $145 million worth of Permian mineral interests from Wing Resources
Alliance Resource Partners L.P. (stock ticker: ARLP), a diversified natural resource company based in Tulsa, Oklahoma, has

Icahn Enterprises Completes Sale of Brazilian Resource Company

Icahn Enterprises Completes Sale of Brazilian Resource Company

By Tyler Losier, Energy Reporter, Oil & Gas 360

Icahn Enterprises closes sale of Ferrous Resources to Vale S.A. for $550 million
Icahn Enterprises L.P. (stock ticker: IEP), a conglomerate company owned by American investor Carl Icahn, has closed on

Source: CSV Midstream Solutions

Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paramount Resources completes divestiture of its Karr 6-18 facility to CSV Midstream Solutions
Paramount Resources Limited, a liquids-focused independent E&P based in Calgary, has completed the sale of its Karr 6-18

Photo by Mike Goldwater"

UGI Subsidiary Closes on Columbia Midstream Deal

By Tyler Losier, Energy Reporter, Oil & Gas 360

UGI Energy Services completes acquisition of TC Energy subsidiary Columbia Midstream
UGI Energy Services LLC, a subsidiary of UGI Corporation (stock ticker: UGI), has completed its previously announced acquisition of the

Elliott Is in Advanced Talks to Buy QEP Resources: Bloomberg

Elliott Is in Advanced Talks to Buy QEP Resources: Bloomberg

From Bloomberg   

New York-based hedge fund could reach deal for QEP in weeks   

Elliott Management Corp. is in advanced talks to buy QEP Resources Inc., the oil and gas explorer it offered to buy in January, according to people

Jerry Jones Gives his View of Haynesville’s Comstock Resources on Conference Call

Jerry Jones Gives his View of Haynesville’s Comstock Resources on Conference Call

By Bevo Beaven, Editor, Oil & Gas 360
The Haynesville Shale play drew a lot of attention early this week when Haynesville operator Comstock Resources (stock ticker: CRK) announced it was acquiring privately-held Covey Park Energy for $2.2 billion, making

Source: Occidental Petroleum

Occidental Announces Early Termination of Hart-Scott-Rodino Waiting Period

Occidental Announces Early Termination of Hart-Scott-Rodino Waiting Period

Aftershocks from Chevron-Anadarko: Experts Discuss What’s Next for U.S. Oil Companies

Aftershocks from Chevron-Anadarko: Experts Discuss What’s Next for U.S. Oil Companies

ConocoPhillips, Oxy, Apache, Noble Energy are the cleanest comps in upstream energy – John Gerdes

Permian pure-plays Pioneer, Concho and Diamondback have the assets but will be tougher deals to do while trading at a premium to their peers –

Courtesy of Chesapeake

Chesapeake Completes Acquisition of WildHorse

Chesapeake Energy Corporation Completes Acquisition Of WildHorse Resource Development Corporation

‘Robust Midstream Component’ of $735-Million Haynesville Deal with QEP was Draw: Aethon Co-President

‘Robust Midstream Component’ of $735-Million Haynesville Deal with QEP was Draw: Aethon Co-President

Aethon likes Haynesville’s proximity to Gulf markets, Henry Hub

In mid-November, QEP Resources (stock ticker: QEP) announced that its subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, had entered into a definitive agreement …

Oil & Gas 360 - KLX Energy Services Completes Motley Acquisition frac truck

KLX Energy Services Completes Motley Acquisition

KLX Energy Services Completes Motley Acquisition

November 5, 2018 - 10:20 am Closing Bell Story‎, Oilfield Services, Press Releases
Northern Oil and Gas Announces Acquisition and Debt Reduction

Northern Oil and Gas Announces Acquisition and Debt Reduction

Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into a definitive agreement to acquire producing assets in the Williston Basin of North Dakota. Separately, Northern has entered into another negotiated exchange agreement with an …

Photo by Mike Goldwater"

Canada’s Proposed Bill C-69 Would Require Energy Project Environmental Assessments to Take Climate Change into Account

Bill gives cabinet and environment minister final power to approve or reject a project regardless of the findings of an environment assessment

In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill …

Talos Energy Updates Production Guidance

Talos Energy Updates Production Guidance

Houston-based Gulf of Mexico producer Talos Energy Inc. (ticker: TALO) outlined the company’s strategy today in a new update.

The company projects 2018 pro forma production sales volumes of 18 – 19.5 MMBOE, or an average daily production 49 – …

Vermilion Energy Closes $1.4 Billion Acquisition

Vermilion Energy Closes $1.4 Billion Acquisition

Vermilion Energy Inc. (ticker: VET) closed the acquisition of Spartan Energy Corp. for a total consideration of $1.40 billion, comprised of $1.23 billion in Vermilion shares plus the assumption of approximately $175 million in debt.

Vermilion acquired all of the …

Callon Petroleum Expands Permian Footprint with $570 Million Delaware Purchase

Callon Petroleum Expands Permian Footprint with $570 Million Delaware Purchase

Consolidation continues in the Permian, with Callon Petroleum (ticker: CPE) purchasing $570 million in assets Thursday.

Callon intends to acquire 28,657 net acres in the Delaware, primarily in Ward and Loving Counties, from Cimarex Energy (ticker: XEC). This acreage is …

Evolution Petroleum Acquires Assets from Bankrupt Enduro; Evolution CEO Randy Keys to Retire

Evolution Petroleum Acquires Assets from Bankrupt Enduro; Evolution CEO Randy Keys to Retire

Evolution Petroleum Corporation (ticker: EPM) will acquire certain oil and gas assets from an affiliate of Enduro Resource Partners LLC for a purchase price of $27.5 million. Evolution intends to fund the closing of this transaction primarily with cash on …

Sterling Resources Taps Peru

Sterling Resources Taps Peru

Sterling Resources speeds up Bretana field development

Peru-focused E&P Sterling Resources Ltd. (ticker: SLG) has advanced the 2018 capital program at the Bretana field in Northeast Peru. Last December, the company acquired 100% working interest in the field. At the …

Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion

Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion

Deal will create the largest U.S. refiner

Marathon Petroleum Corp. (ticker: MPC) and Andeavor (ticker: ANDV) have entered into a definitive merger agreement under which MPC will acquire all of ANDV’s outstanding shares, representing a total equity value of $23.3 …

Daseke Announces Acquisition of 430-Truck Oil Rig Moving Company

Daseke Announces Acquisition of 430-Truck Oil Rig Moving Company

From CCJ

Daseke (No. 37 on the CCJ Top 250) has announced it is acquiring oil rig moving company Aveda Transportation and Energy Services, a fleet with approximately 430 tractors, 660 trailers and 200 light-duty trucks.

Under the …

Razor Energy Reports Q4

Razor Energy Reports Q4

Razor Energy Corp. (ticker: RZE) recorded a positive Q4 2017 net income of $2.3 million, or $0.14 per share. For 2017, the company had a net loss of $3.7 million, or $(0.27) per share. The company produced 4,534 BOEPD in …

GeoPark Production Moves to 35 MBOEPD

GeoPark Production Moves to 35 MBOEPD

Latin American E&P operator GeoPark Limited (ticker: GPRK) released a production update today, noting that current production is currently at 35 MBOEPD. This figure includes production from the recent Argentina acquisition.

  • Oil production increased by 33% to 27,345 BOPD (up