Post Tagged with: "M&A"

Photo by Tyler Losier

Continental CEO Harold Hamm Speaks at EnerCom’s The Oil and Gas Conference

By Tyler Losier, Energy Reporter, Oil & Gas 360

Continental Resources’ Harold Hamm sits down for a fireside chat
Today, as part of EnerCom’s 24th annual The Oil and Gas Conference in Denver, Colorado, Harold Hamm, CEO and chairman of

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

Hedge Funds Track Private Jets to Find the Next Mega-Deal 

Hedge Funds Track Private Jets to Find the Next Mega-Deal 

Where there’s a plane, there’s a data trail

From Bloomberg

If you have a meeting with Warren Buffett in Omaha and you want to keep it a secret, consider driving. The airports are being watched.

In April, a stock research …

E&P Merger in the STACK

E&P Merger in the STACK

By Tyler Losier, Energy Reporter, Oil & Gas 360

Chisholm Oil and Gas to combine with Gastar Exploration
Chisholm Oil and Gas LCC, backed by Apollo Global Management (stock ticker: APO), has entered into a definitive merger agreement with Gastar

Vicki A. Hollub, CEO, Occidental Petroleum

Carl Icahn Sues Occidental for ‘Misguided’ Anadarko Takeover

Rather than plunking down tens of billions of dollars on Anadarko, Icahn argued that Occidental should instead have put itself up for sale

From CNN Business

New York (CNN Business) Billionaire Carl Icahn launched a legal attack on Occidental Petroleum …

Roan Resources (stock ticker: ROAN), an independent oil and natural gas company based out of Oklahoma City,Merge, SCOOP and STACK producer Roan Resources, Inc. (stock ticker: ROAN) said it expects 2Q production to exceed 50 MBOEPD,- Oil & Gas 360

More Oil and Gas M&A: Roan Resources Confirms Indications of Interest, In-Basin Consolidation Opportunities

Roan Resources forms transaction committee

Roan Resources, Inc. (NYSE: ROAN) said it has received multiple unsolicited indications of interest to purchase the company.

Roan reports it has an 150,000-acre position with an estimated resource potential of more than 2 billion …

Which Companies are Attractive Enough to be the Next Oil Patch M&A Targets?

Which Companies are Attractive Enough to be the Next Oil Patch M&A Targets?

Oxy was actively looking, others are likely considering acquisitions
By Richard Rostad, analyst, Oil & Gas 360

The logical question after a major oil and gas M&A deal like Chevron’s (ticker: CVX) announced acquisition of Anadarko Petroleum (ticker: APC) last

Truck Tech’s M&A Uptick Is Only the Beginning of What’s to Come in Race toward Autonomy, Electrification

Truck Tech’s M&A Uptick Is Only the Beginning of What’s to Come in Race toward Autonomy, Electrification

From Commercial Carrier Journal

The technological sophistication level of today’s trucks has forced many stakeholders, suppliers and OEMs to rethink how they go to market.

Vertical integration has been underway in trucking for many years, but with interest rising in …

April 9, 2019 - 2:32 pm Closing Bell Story‎, Energy News, Transportation
Shale on Brink of M&A as Oil Majors Flex Muscles in Permian

Shale on Brink of M&A as Oil Majors Flex Muscles in Permian

From Bloomberg

Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers.

As oil executives from across the world gather in Houston for the annual …

Barrick Proposes Merger With Newmont to Unlock $7 Billion NPV

Barrick Proposes Merger With Newmont to Unlock $7 Billion NPV

Barrick Proposes Merger With Newmont as an Unprecedented Value Creation Opportunity for Shareholders

February 26, 2019 - 6:01 am Closing Bell Story‎, Mergers & Acquisitions, Press Releases
Newmont Buys Goldcorp for $10 Billion to Be World’s Largest Gold Miner

Newmont Buys Goldcorp for $10 Billion to Be World’s Largest Gold Miner

From Bloomberg

Newmont Mining Corp. will buy rival Goldcorp Inc. in a deal valued at $10 billion, creating the world’s largest gold miner and cementing a return of M&A to the industry.

The biggest deal in the gold mining industry’s …

January 14, 2019 - 4:59 pm Closing Bell Story‎, Energy News, Mergers & Acquisitions
Dominion Energy Combines With SCANA Corporation

Dominion Energy Combines With SCANA Corporation

Dominion Energy Combines With SCANA Corporation

After Recent Oil & Gas M&A, Now Water Makes a $900-Million Splash

After Recent Oil & Gas M&A, Now Water Makes a $900-Million Splash

Seven water M&A deals have occurred over past month
While mega deals among E&P companies has dominated recent M&A headlines, water infrastructure is changing hands at a very rapid pace.

At least seven water M&A deals have been announced or

Oil Majors Exxon, Chevron, Conoco, Shell Circling Private Permian Basin Operator Endeavor, Founding Family Considers IPO

Oil Majors Exxon, Chevron, Conoco, Shell Circling Private Permian Basin Operator Endeavor, Founding Family Considers IPO

From Investor’s Business Daily

Exxon Mobil (stock ticker: XOM), Chevron (stock ticker: CVX), ConocoPhillips (stock ticker: COP) and Royal Dutch Shell (stock ticker: RDSA) are reportedly interested in buying Endeavor Energy Resources, a privately held Permian Basin acreage holder.

Chevron …

November 13, 2018 - 2:59 pm Closing Bell Story‎, Energy News, Mergers & Acquisitions
Big Oil Companies Roll Up Shale Plays, Just in Time

Big Oil Companies Roll Up Shale Plays, Just in Time

Shale consolidation becoming prevalent

From the Houston Chronicle

The great shale oil consolidation is underway, and it’s happening just in time for the new challenges ahead.

For the past decade, dozens of small, independent oil companies have perfected hydraulic fracturing

Oil & Gas Sector Needs More Consolidation to Capture Synergy, Value: Lawler, Industry Execs

Oil & Gas Sector Needs More Consolidation to Capture Synergy, Value: Lawler, Industry Execs

From S&P Global Platts

Too many small, mid-sized companies

Oilfield services needs more consolidation

Services subsector still not making suitable profits

Houston — Consolidation through the oil and gas sector is heating up, spurred in many cases by too many …

China’s M&A Skids 18% in Q2 2018: Report

China’s M&A Skids 18% in Q2 2018: Report

From the Asia Times

First half of the year sees US$348.3 billion in activity, a drop of 18% compared to the second half of 2017

Over the first six months of 2018, the amount of M&A activity in China fell …

September 6, 2018 - 3:13 pm Closing Bell Story‎, Energy News, Mergers & Acquisitions
$2.15 Billion Acquisition

$2.15 Billion Acquisition

Santos to Acquire Quadrant Energy for $2.15 Billion Cash Up Front, Bedout Payouts

Asia-Pacific E&P Santos (ticker: STO), which is active in Australia with liquefied natural gas (LNG), pipeline gas and oil assets, will acquire Quadrant Energy for US $2.15 …

Dramatic Increase in Upstream M&A Seen for H2 2018

Dramatic Increase in Upstream M&A Seen for H2 2018

According to a recent report from Drilling Info, 2Q 2018 activity was low with only $8.7 billion in mergers and acquisitions compared to the quarterly average since 2009 of $17.8 billion.

Drilling Info believes this was partially due to investors’ …

Private Equity: Delivering Capital Upstream

Private Equity: Delivering Capital Upstream

In the context of the total business sector, the global private equity industry raised a record $453 billion from investors in 2017, leaving it with more than $1 trillion to pour into companies and new business ventures, Reuters reported at …

Emerson to Acquire Paradigm in Half-Billion-Dollar Oilpatch Software Deal

Emerson will become largest E&P software provider to global oil and gas industry

Today St. Louis’s Emerson (NYSE: EMR) announced it will acquire Paradigm®, a provider of software solutions for oil and gas companies, for a purchase price of $510 …

Energy Providers to Combine in US$5.3 Billion Cross-Border Cash Deal

Energy Providers to Combine in US$5.3 Billion Cross-Border Cash Deal

Hydro One to acquire Avista in Canada-U.S. energy transmission combo

Ontario’s largest electricity transmission and distribution provider, Hydro One Limited (TSX:H) and Northwest U.S. energy provider Avista Corporation (NYSE:AVA) announced a definitive merger agreement under which Hydro One will acquire …

Halcon Shrinks Williston Footprint to Become Full-On Delaware-Focused Operator

Halcon Shrinks Williston Footprint to Become Full-On Delaware-Focused Operator

Halcon Resources sells operated Williston assets for $1.4 billion

Houston-based Halcon Resources Corp. (ticker: HK) announced Tuesday that the company sold its operated assets in the Willison Basin to an affiliate of Bruin E&P Partners, a portfolio company of Arclight …

Delphi Energy Acquires More Montney Acres

Delphi Energy Acquires More Montney Acres

Delphi Energy adds 22.5 sections in the greater Bigstone area

Calgary-based Delphi Energy (ticker: DEE) announced the acquisition of 22.5 sections of Monteny assets contiguous to its current land holdings as the company looks to continue expanding in the region.…

The Best Acquisitions Are Not All in the Permian: a Comparison of 4 U.S. Deals

The Best Acquisitions Are Not All in the Permian: a Comparison of 4 U.S. Deals

Markets reward companies making good transactions, but sometimes even the Permian can’t move the needle

The most recent downturn in oil and gas prices has forced the industry to find the most economic acreage available in order to generate returns …

Permanently Lower Oil Prices and Consolidation will Push Energy M&A to $222 Billion in 2018: Report

Permanently Lower Oil Prices and Consolidation will Push Energy M&A to $222 Billion in 2018: Report

Baker McKenzie/Oxford Economics report expects a short global energy M&A turnaround that peaks in 2018

More oil price stability and significant internal restructuring of the sector are the key drivers leading a recovery in energy M&A with a peak in …

ExxonMobil/XTO Doubles Permian Footprint with $6.6 Billion Acquisition of Bass Family Assets

ExxonMobil/XTO Doubles Permian Footprint with $6.6 Billion Acquisition of Bass Family Assets

ExxonMobil now has 6 billion BOE of resources in the Permian, with 3.4 billion BOEs in the Delaware

ExxonMobil Corporation (ticker: XOM) announced that the company will more than double its Permian Basin resources to 6 billion BOE through the …

Noble Energy Jumps to Second-Largest Southern Delaware Player with $3.2 Billion Acquisition

Noble Energy Jumps to Second-Largest Southern Delaware Player with $3.2 Billion Acquisition

Noble Energy purchases Clayton Williams Energy for $3.2 billion, inclusive of debt; NBL’s new full company production for 2020 is expected to reach 600 MBOEPD assuming $50 oil

Noble Energy (ticker: NBL) announced Monday that the company has purchased Clayton …

WPX Gobbles Up 120,000 Delaware Acres, Ups Drilling Program with $775 Million Acquisition

WPX Gobbles Up 120,000 Delaware Acres, Ups Drilling Program with $775 Million Acquisition

WPX Energy acquires 6.5 MBOEPD of production and 120,000 net acres in the Delaware Basin

WPX Energy (ticker: WPX) announced today that the company has acquired Panther Energy Company II, LLC and Carrier Energy Partners, LLC, expanding its footprint in …

SM Energy Sharpens Midland Focus with Announced Sale of Eagle Ford Assets for $800 Million

SM Energy Sharpens Midland Focus with Announced Sale of Eagle Ford Assets for $800 Million

SM Energy announces sale of non-operated Eagle Ford assets for $800 million

Denver-based SM Energy (ticker: SM) announced Tuesday that the company has divested its non-operated Eagle Ford assets for $800 million.

SM has entered into a definitive agreement with …