Post Tagged with: "acquisition"

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial readies itself for a busy 2017 in the Permian

Centennial Resource Development, Inc. and its affiliates (ticker: CDEV) has entered into agreements to issue and sell $910 million of equity securities to third-party investors in a private placement, including …

Anadarko to Buy All of Freeport McMoRan’s Gulf of Mexico Deepwater Assets for $2 Billion

Anadarko to Buy All of Freeport McMoRan’s Gulf of Mexico Deepwater Assets for $2 Billion

Anadarko Deepwater GOM cash flow will fund Delaware, DJ growth

In exchange for production of 80,000 net barrels of oil equivalent per day (BOEPD), Anadarko Petroleum (ticker: APC) will give Freeport McMoRan Oil & Gas Company (ticker: FCX) $2 billon …

Devon Energy Divests Interest in Midstream Assets

Devon Energy Divests Interest in Midstream Assets

Devon Energy has reached a definitive agreement to divest the company’s 50% stake in Access Pipeline for $1.1 billion dollars to Wolf Midstream, a portfolio company of Canada Pension Plan Investment Board (CPPIB). The terms of the agreement also give …

Laredo Petroleum Bolts-On Acreage and Raises Equity

Laredo Petroleum Bolts-On Acreage and Raises Equity

Laredo Petroleum has entered into a purchase and sale agreement for additional acreage within the company’s existing Midland Basin footprint for $125 million. The acquisition will add approximately 9,200 net acres to Laredo’s position, with roughly 6,300 acres in the …

Samson Oil & Gas Sells North Stockyard Assets

Samson Oil & Gas Sells North Stockyard Assets

Move boosts liquidity

Samson Oil & Gas (ticker: SSN) announced an agreement to sell the company’s interest in the North Stockyard field for $15 million. The buyer of the acreage is Angelus Private Equity Group, who has placed a $1 …

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

Pioneer Natural Resources Acquires Midland Basin Acreage with $827 Million Secondary Offering

Devon Energy Corp. has been piling up the assets sales so far in 2016, announcing on June 15, 2016, the most recent divestiture of assets in the Midland …

Antero Resources Snags 55,000 Core Marcellus Acres

Antero Resources Snags 55,000 Core Marcellus Acres

Antero Resources (ticker: AR) has signed an agreement with Southwestern Energy (ticker: SWN) to acquire approximately 55,000 net acres in the core of the Marcellus shale, the company announced on June 9, 2016. Approximately 75% of the 55,000 net …

Parsley Energy Announces Capital Raises, Acreage Acquisition Agreement

Parsley Energy, Inc. (ticker: PE) announced on May 23, 2016, that the company has reached an agreement to acquire mineral rights under approximately 30,000 acres consisting of Parsley leasehold and other adjacent properties in Pecos and Reeves Counties, Texas, in …

Oil Service Companies FMC Technologies and Technip Announce $13 Billion Merger

Oil Service Companies FMC Technologies and Technip Announce $13 Billion Merger

Oil service companies FMC and Technip announced a plan to merge in an all-stock deal worth about $13 billion to create a larger player in the energy services sector.

The Houston-based FMC Technologies and the Paris-headquartered Technip will combine to …

SLB: Is the Familiar Bellwether Loudly Trumpeting the Start of Buying Season?

SLB: Is the Familiar Bellwether Loudly Trumpeting the Start of Buying Season?

The most common adage heard among the investment community is “buy low, sell high.”

But depressed oil prices combined with the rise in bankruptcies led many industry insiders to wait for increased M&A activity. But the onslaught of fire sales …

Samson Oil & Gas Announces Hedging and Operations Program for its Foreman Butte Acquisition in the Williston Basin

Samson Oil & Gas Announces Hedging and Operations Program for its Foreman Butte Acquisition in the Williston Basin

Samson Aims to Return 29 Inactive Wells to Producing Status

On April 3, Samson Oil & Gas Limited (ticker: SSN; SamsonOilandGas.com) announced it had closed its planned acquisition of oil and gas assets in Montana and North Dakota—the Foreman …

ValueAct Sued by DOJ Over Halliburton-Baker Hughes Acquisition

ValueAct Sued by DOJ Over Halliburton-Baker Hughes Acquisition

What defines a passive investor as opposed to an activist investor?

The Department of Justice (DOJ) announced on Monday April 4, 2016, that legal action has been taken against ValueAct Capital for their activist investor position related to the merger …

Samson Oil & Gas Closes Foreman Butte Acquisition

Samson Oil & Gas Closes Foreman Butte Acquisition

DENVER & PERTH, Australia–(BUSINESS WIRE)–Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):

Foreman Butte Transaction

Samson Oil and Gas USA, Inc. (a wholly owned subsidiary of Samson Oil and Gas Limited) has closed the transaction …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Bellatrix Exploration Announces $118 Million Acquisition

Increases 2015 Production Guidance                        

Bellatrix Exploration Ltd. (ticker: BXE) announced this morning that it has completed the acquisition of assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from an unidentified oil and gas producer …