Post Tagged with: "M&A"

Chesapeake Energy Sells Second Haynesville Position for $465 Million

Chesapeake Energy Sells Second Haynesville Position for $465 Million

Combined Haynesville divestitures have raised $915 million for Chesapeake Energy

Oklahoma City-based Chesapeake Energy (ticker: CHK) announced Tuesday that the company has signed an agreement to sell the second of two non-core positions in the Haynesville. The northern Louisiana assets …

Diamondback Energy Doubles Down in the Delaware with $2.4 Billion Acquisition

Diamondback Energy Doubles Down in the Delaware with $2.4 Billion Acquisition

Diamondback Energy acquires Brigham Resources for $2.4 billion

Diamondback Energy (ticker: FANG) announced late Wednesday that the company has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Brigham Resources Operating, LLC and Brigham …

Callon Petroleum Adds Fourth Core Delaware Position with $615 Million Acquisition

Callon Petroleum Adds Fourth Core Delaware Position with $615 Million Acquisition

New Delaware Basin acreage holds base inventory of 206 net wells and is producing 1.9 MBOEPD; 36% of drilling locations targeting 10,000 foot Wolfcamp laterals

Callon Petroleum Company (ticker: CPE) announced late Tuesday that the company will add 27,552 gross …

Patterson-UTI Energy Inc. and Seventy Seven Energy to Merge

Patterson-UTI Energy Inc. and Seventy Seven Energy to Merge

Service Company Makes Big Push into Land Drilling High Spec Rigs and Pressure Pumping

Patterson-UTI Energy Inc. (ticker: PTEN) and Seventy Seven Energy Inc. (ticker: SVNT) today jointly announced that they have entered into a definitive merger agreement in which …

Precision Drilling Trades its Coil Tubing Business for a Service Rig Business

Precision Drilling Trades its Coil Tubing Business for a Service Rig Business

Precision Drilling announces swap with Essential Energy Services

Calgary-based Precision Drilling Corp. (ticker: PDS) announced Tuesday that the company will swap its Canadian Coil Tubing operations for Essential Energy Services’ (ticker: ESN) service rig business. In addition to the swap …

Source: Rosneft

Russia Sells 19.5% Stake in Rosneft to Glencore for $11.3 Billion

Rosneft sale relieves budget pressures

Russia has sold a 19.5% stake in Rosneft, the world’s largest-listed oil company and a state-controlled asset, for €10.5 billion ($11.3 billion) President Vladimir Putin announced on television with Rosneft CEO Igor Sechin. The stake …

Chesapeake Selling First of Two Haynesville Positions for $450 Million

Chesapeake Selling First of Two Haynesville Positions for $450 Million

Haynesville transaction takes tally to $2 billion in gross divestitures in 2016 for Chesapeake Energy

Oklahoma City-based Chesapeake Energy Corp. (ticker CHK) announced that the company signed an agreement to sell a portion of its Haynesville shale acreage and producing …

SM Energy Closes Williston Divestiture, Bolts-On More Midland Assets

SM Energy Closes Williston Divestiture, Bolts-On More Midland Assets

SM Energy closes $765.8 million Williston Basin divestiture

SM Energy (ticker: SM) announced Thursday after market close that the company has completed its previously announced divestiture of its Williston Basin assets located outside of Divide County, North Dakota to Oasis …

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development Acquires 35,000 Delaware Basin Acres

$855 million purchase gives Centennial about 77,000 acres in one of America’s hottest oil plays

Denver-based Centennial Resource Development (ticker: CDEV) announced Monday that it has agreed to acquire 100% of the leasehold interests and related upstream assets from Silverback …

Concho Resources Increases Delaware Acreage with $430 Million Acquisition

Concho Resources Increases Delaware Acreage with $430 Million Acquisition

Concho Resources doubles long-lateral inventory with Red Hills bolt-on

Concho Resources Inc. (ticker: CXO) announced Monday that the company has added approximately 24,000 gross (16,400 net) acres to its norther Delaware Basin assets through a $430 million deal with an …

Tamarack Valley Makes $408 Million Transformative Acquisition, Targets Production to Grow by 57%

Tamarack Valley Makes $408 Million Transformative Acquisition, Targets Production to Grow by 57%

Tamarack Valley expects production of 19.5 MBOEPD at its midpoint in 2017 after closing deal

Tamarack Valley Energy (ticker: TVE) announced Wednesday that the company has entered into an agreement to acquire all of the issued and outstanding common shares …

Manitok Energy Closes Cardium Acquisition, Increases Production 37%

Manitok Energy Closes Cardium Acquisition, Increases Production 37%

Manitok acquires 1.8 MBOEPD of producing assets

Calgary-based Manitok Energy (ticker: MEI) announced today that the company closed its previously announced acquisition of certain assets of a private Alberta-based oil and gas company.

Manitok believes the assets will produce an …

Yuma Completes All-Stock Merger with Davis Petroleum

Yuma Completes All-Stock Merger with Davis Petroleum

Davis merger improves Yuma’s liquidity, reserves, and daily production

Houston-based Yuma Energy (ticker: YUMA) and privately held Davis Petroleum Acquisition Corp. jointly announced today that the merger of the two companies was approved by shareholders and completed. Davis will become …

Airline GC Recalls How Trump Botched an M&A Deal

From Corporate Counsel

How good a businessman is Donald Trump? Not very, according to Ben Hirst, the former general counsel of Continental Airlines who watched him up close during Trump’s purchase of the Eastern Air Lines shuttle in 1988.

Hirst …

October 25, 2016 - 10:19 am Closing Bell Story‎, Mergers & Acquisitions
Source: BP

A $2 Billion MLP: American Midstream Partners – JP Energy Merger

ArcLight Capital Partners combines two of its sponsored MLPs into one entity

American Midstream Partners (ticker: AMID) announced that it will merge with JP Energy Partners (ticker: JPEP) in a unit-for-unit deal, forming an MLP with a $2 billion enterprise …

Shell Divests Shale Assets in Western Canada for $1 Billion

Shell Divests Shale Assets in Western Canada for $1 Billion

Shell sells non-core assets to Tourmaline Oil Corp. for US$1.04 billion

Royal Dutch Shell (ticker: RDSA) announced that its Canadian subsidiary has sold approximately 206,000 net acres of oil and gas properties, three 100%-operated gas plants and 719 kilometers (447 …

SM Energy, Oasis Announce $2.4 Billion in Deals

SM Energy, Oasis Announce $2.4 Billion in Deals

SM Energy adds 35,700 acres in the Midland for $1.6 billion

SM Energy Company (ticker: SM) announced Tuesday that it has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, …

RSP Permian Acquires Silver Hill Energy Partners for $2.4 Billion

RSP Permian Acquires Silver Hill Energy Partners for $2.4 Billion

RSP snags 15 MBOEPD of Permian Basin production

RSP Permian (ticker: RSPP) today announced it has entered into definitive agreements to acquire Silver Hill Energy Partners, LLC (“SHEP I”) and Silver Hill E&P II, LLC (“SHEP II,” and together with …

Permian Moves:  Sunoco Logistics Purchases Permian Midstream Assets for $760 Million

Permian Moves: Sunoco Logistics Purchases Permian Midstream Assets for $760 Million

Sunoco acquisition of Vitol’s Permian assets expands the company’s midstream infrastructure at the premier plays in the country

Netherlands-based energy trader Vitol Group announced last week that its partner in its Permian Basin crude oil system, Pennsylvania-based MLP Sunoco Logistics …

Source: Bashneft

Russia Hopes to Bring in $15.9 Billion with Sale of Rosneft and Bashneft Interest

State-owned Rosneft to acquire stake in Bashneft as Russia attempts to go ahead and “privatize”

In a political U-turn, the Russian government has decided to allow state-owned oil giant Rosneft place a bid on fellow oil company Bashneft.

The Kremlin …

Rice Energy Makes a $2.7 Billion Acquisition in the Dry Marcellus

Rice Energy Makes a $2.7 Billion Acquisition in the Dry Marcellus

Rice Energy expands dry gas Marcellus position by 85,000 net acres with Vantage Energy acquisition

Rice Energy (ticker: RICE) announced that it will acquire Vantage Energy for approximately $2.7 billion total consideration. The deal consists of $1.02 billion in cash, …

Range Resources Closes $4.2 Billion Memorial Acquisition

Range Resources Closes $4.2 Billion Memorial Acquisition

Range believes Terryville returns rival the Southern Marcellus

Range Resources (ticker: RRC), the legacy shale gas developer credited with discovering the Marcellus shale play, announced today that it completed the merger agreement under which RRC will acquire all of …

Enbridge Becomes Largest North American Energy Infrastructure Company with $28 Billion Spectra Energy Acquisition

Enbridge Becomes Largest North American Energy Infrastructure Company with $28 Billion Spectra Energy Acquisition

Enbridge and Spectra will combine to create company with US$127 billion enterprise value

Pipeline companies Enbridge Inc. (ticker: ENB) and Spectra Energy Corp (ticker: SE) announced Tuesday that they have entered into a definitive merger agreement under which the two …

Yates Petroleum Acquired by EOG for $2.5 Billion

Yates Petroleum Acquired by EOG for $2.5 Billion

Acquisition of Yates increases number of EOG drilling locations with 30%+ IRRs by 40%

EOG Resources (ticker: EOG) announced today that it will acquire Yates Petroleum Corporation, a privately-owned E&P headquartered in Artesia, New Mexico, for total consideration of approximately …

Range Resources Extends Offer on Senior Notes to Coincide with Memorial Acquisition

Range Resources Extends Offer on Senior Notes to Coincide with Memorial Acquisition

Range Resources extends deal

Range Resources (ticker: RRC) announced Wednesday  that it has extended its previously announced exchange offers for certain of Range’s and Memorial Resource Development Corp.’s (ticker: MRD) notes listed in the table below and the cash tender …

PDC Energy Leaps into the Delaware Basin with $1.5 Billion Deal

PDC Energy Leaps into the Delaware Basin with $1.5 Billion Deal

PDC expands inventory life by at least 15 years with Delaware acquisitions

Denver-based PDC Energy (ticker: PDC) announced a $1.5 billion acquisition of two privately held companies with acreage in the core of the Delaware Basin.

The privately negotiated transaction …

SM Energy Announces $980 Million Midland Acquisition

SM Energy Announces $980 Million Midland Acquisition

SM Energy purchases 46,750 net acres in Midland Basin

Denver-based SM Energy (ticker: SM) announced the acquisition of 46,750 net acres in the Midland Basin today. The acreage is “largely contiguous” and includes approximately 4,900 BOEPD of production, two new …

VAALCO Energy Increases Share in Flagship Asset by 11%

VAALCO Energy Increases Share in Flagship Asset by 11%

VAALCO finances purchase of 3.23% participating interest with $5 million loan and cash on hand

Houston—based VAALCO Energy (ticker: EGY) announced today that the company purchased an additional 3.23% interest in its flagship Etame asset located offshore of the Republic …

A rig site in North Dakota

SM Energy Announces $172.5 Million in Divestitures

SM Energy plans to use the proceeds to improve liquidity

Denver-based SM Energy Company (ticker: SM) announced today that the company has entered into two agreements to divest non-core assets for a combined price of $172.5 million. The transactions are …

Manitok Energy to Acquire Raimount Energy in an All-Stock Deal

Manitok Energy to Acquire Raimount Energy in an All-Stock Deal

New acreage and production

Calgary-based Manitok Energy (ticker: MEI) announced today that it will acquire Raimount Energy (ticker: RMT) in an all-stock transaction.

Under the terms of the agreement, Manitok will acquire issued and outstanding common shares of Raimount through …