(BOE Report) – Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while others curb their appetite for takeovers due to weak oil prices and trade uncertainty. Oil companies have
(World Oil) – Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. The gross purchase price is $125 million, subject to customary closing adjustments, and includes an initial approximate $100 million payment upon delivery by the end of first
(BOE Report) – Diamondback Energy is in talks to buy EnCap-backed Double Eagle, a big West Texas energy producer, for more than $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. Last year, Reuters reported that Double Eagle was exploring a sale of its Permian Basin-based producer in a deal that could be worth
(Oil & Gas 360) – Financial and Strategic Accretive Acquisition Provides Opportunity for 95% Increase in Revenue, Enhanced Margins, Expense Synergies, and 55% Increase in Free Cash Flow Unique & Differentiated Business Model Offers Reliable Production, Multi-Basin Commodity Diversification, and Strong Hedging Program that Enables Consistent Free Cash Flows Significant Operating Scale Provides Optionality for Organic Growth Through Established Low-Risk, High-Return
(World Oil) – Kimbell Royalty Partners, LP has closed the previously announced purchase of mineral and royalty interests held by a private seller in a cash transaction valued at approximately $230 million, subject to post-closing adjustments. Kimbell owns oil and gas mineral and royalty interests in over 17 million gross acres in 28 states. The purchase price of the acquisition was funded through
(World Oil) – According to a new report from national law firm Lathrop GPM, oil and gas (O&G) decision makers are grappling with carbon reduction initiatives and artificial intelligence (AI) readiness—as well as continuing to evaluate potential mergers and acquisitions (M&A) to drive new efficiencies—amid ongoing economic, geopolitical and regulatory uncertainty. This year’s annual report, “2025 Oil and Gas Outlook
(World Oil) – GeoPark has announced the signing of Sales and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream oil and gas assets in Colombia. The potential acquisition would incorporate high-quality assets located in the prolific Llanos Basin, one of Colombia’s most productive oil regions where GeoPark is already a well-established operator both
(World Oil) – PetroTal Corp. has successfully acquired 100% working interest in Peru Block 131, following its acquisition of CEPSA Peruana, the Peruvian business unit of Compañía Española de Petróleos (CEPSA). The Los Angeles oil field at Block 131 was discovered by CEPSA Peru in 2013. “The acquisition of Block 131 represents an important milestone for PetroTal, and a pivotal step
(Oil& Gas 360) – HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE: MRO). “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” said Ryan Lance, chairman and chief executive officer. “Marathon Oil adds high-quality, low cost of supply inventory
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced it has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion, consisting of $2.95 billion of cash and $1.0 billion of Coterra common stock, issued to one
(Oil & Gas 360) – CALGARY, Alberta, Oct. 07, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that the shareholders of i3 Energy plc, a public limited company organized under the laws of England and Wales (“i3 Energy”), have approved Gran Tierra’s previously announced acquisition of i3 Energy (the “Acquisition”). This approval satisfies one of the conditions to
(Oil & Gas 360) – HOUSTON, Texas, Oct. 02, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the closing of its previously announced $84.5 million acquisition of the oil-weighted assets of Nickel Road Operating, LLC (“NRO”), a portfolio company of Vortus Investment Advisors, LLC. The NRO acquisition was funded with the proceeds from a
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