Post Tagged with: "Merger"

Source: Houston Chronicle

SemGroup stockholders approve $5 billion M&A deal with Energy Transfer

Houston Chronicle


Stockholders of the Oklahoma pipeline company SemGroup voted to approve a $5 billion merger with Dallas-based pipeline giant Energy Transfer.

During a special Wednesday morning stockholders meeting, shareholders voted to the merger agreement.

Under the deal valued at …

Source: Tallgrass Energy

Tallgrass Energy Receives ‘Take Private’ Proposal

By Tyler Losier, Energy Reporter, Oil & Gas 360

Tallgrass Energy receives preliminary proposal letter from Blackstone Infrastructure Partners offering to take the company private
Tallgrass Energy LP (stock ticker: TGE), a midstream infrastructure company, received a non-binding preliminary proposal

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

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

From The Houston Chronicle


Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August.

Houston-based Oxy …

Source: Occidental Petroleum

Occidental Mails Letter to Shareholders

Occidental Mails Letter to Shareholders

Source: Occidental Petroleum

Occidental Mulls Sale of Anadarko’s Western Stake

From Bloomberg


Adviser helping find buyer for stakes in pipeline operator, Occidental struck $38 billion agreement for Anadarko in May

Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that …

Equals to Merge

Equals to Merge

By Tyler Losier, Energy Reporter, Oil & Gas 360

Oilfield service consolidation rolls on
C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of

Denbury, Penn Virginia Call Off Marriage – Back to Square One

Denbury, Penn Virginia Call Off Marriage – Back to Square One

Market conditions, shareholder opposition cited
Denbury Resources Inc. (NYSE: DNR) and Penn Virginia Corporation (NASDAQ: PVAC) agreed to terminate the previously announced Denbury acquisition of Penn Virginia.

Chris Kendall, Denbury’s President and CEO, commented, “While we firmly believed in the

American Midstream and ArcLight Energy Partners Affiliate announce Merger

American Midstream and ArcLight Energy Partners Affiliate announce Merger

American Midstream Announces Agreement for the Purchase of its Outstanding Common Units by an Affiliate of ArcLight Energy Partners...

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
Resolute Stockholders Approve Merger with Cimarex

Resolute Stockholders Approve Merger with Cimarex

Target for transaction closing date is Mar. 1, 2019
Resolute Energy Corporation (NYSE: REN) stockholders have voted to approve the adoption of the merger agreement between Resolute and Cimarex Energy Co., Resolute said in a statement.

Resolute reported that 15,950,431

Rowan Companies and Ensco Shareholders Approve Combination

Rowan Companies and Ensco Shareholders Approve Combination

Rowan Companies plc and Ensco plc Shareholders Approve Pending Combination

February 21, 2019 - 6:10 pm Closing Bell Story‎, Mergers & Acquisitions, Press Releases
Shareholders Approve Encana, Newfield Combo

Shareholders Approve Encana, Newfield Combo

Encana and Newfield’s strategic combination receives shareholder approvals

February 12, 2019 - 10:17 am Closing Bell Story‎, Mergers & Acquisitions, Press Releases
Chesapeake, WildHorse Announce Preliminary Results For Election as to Form of Merger Consideration

Chesapeake, WildHorse Announce Preliminary Results For Election as to Form of Merger Consideration

Chesapeake Energy And WildHorse Resource Development Corporation Announce Preliminary Results For Election Of Form Of Merger Consideration

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
Blackbird Energy, Pipestone Oil Corp. Announce Merger and $310 Million in Equity and Debt Financings

Blackbird Energy, Pipestone Oil Corp. Announce Merger and $310 Million in Equity and Debt Financings

October 30, 2018 18:00 ET | Source: Blackbird Energy Inc

CALGARY, Alberta, Oct. 30, 2018 (GLOBE NEWSWIRE) — Blackbird Energy Inc. (“Blackbird”) (TSX-V: BBI) and Pipestone Oil Corp. (“Pipestone Oil”) are pleased to announce that they …

Energy XXI Updates Merger

Energy XXI Updates Merger

Energy XXI Gulf Coast Provides Update on Merger With Affiliates of Cox Oil LLC

October 11, 2018 - 6:45 am Closing Bell Story‎, Press Releases
Southcross Energy Ends Merger Agreement with American Midstream

Southcross Energy Ends Merger Agreement with American Midstream

Southcross Energy Partners, L.P. (NYSE: SXE) announced that, effective July 29, 2018, it has terminated the previously announced agreement and plan of merger, dated as of October 31, 2017, with American Midstream Partners, LP (NYSE:AMID) whereby AMID had proposed to …

Consolidation in the Wind as Offshore Recovery Advances

Consolidation in the Wind as Offshore Recovery Advances

Two offshore maritime providers to become $1.25 billion company

Tidewater Inc. (NYSE: TDW) and GulfMark Offshore, Inc. (NYSE: GLF) offshore support vessel companies will combine as recovery gains traction, creating a combined company market value of approximately $1.25 billion, Tidewater …

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 – …

RSP Permian Earns $90 Million, Production Up 39%

RSP Permian Earns $90 Million, Production Up 39%

RSP Permian Inc. (ticker: RSPP) posted a Q1 2018 net income of $89.6 million, or $0.57 per diluted common share. Production for the quarter increased 39% to 62.8 MBOEPD (72% oil, 87% liquids) compared to Q1 2017.

Drilling

The company …

Permian Juggernaut Concho Resources Reports $835 Million Net Income for Q1

Permian Juggernaut Concho Resources Reports $835 Million Net Income for Q1

Producing 228 MBOEPD, Running 20 Rigs

Concho Resources Inc. (ticker: CXO) bought home a net income of $835 million, or $5.58 per diluted share for Q1 2018. Last year at this reporting period, Concho had a net income of $650 …

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 …

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Dominion Energy/SCANA Merger Could Boost S.C. Economy by $18.7 Billion

Dominion Energy/SCANA Merger Could Boost South Carolina Economy by $18.7 Billion

Icahn at it Again

Icahn at it Again

Last week Carl Icahn gave Sandridge Energy Inc. (ticker: SD) another poke as he suggested an all-cash offer for the company with a major catch – he wants to decide who goes on the company’s board of directors.

Bloomberg reported

Another Approval in Merger of WGL Holdings and AltaGas

Another Approval in Merger of WGL Holdings and AltaGas

The Maryland Public Service Commission gave its blessing Wednesday, allowing the combination of WGL Holdings, Inc. (ticker: WGL) with AltaGas Ltd. (ticker: ALA) to proceed. The $4.5 billion merger brings together two energy companies. The commission voted 4 to 1 …

Photo: Oil & Gas 360 - Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

SandRidge Rejects Midstates’ Proposal

SandRidge Energy, Inc. (ticker: SD) said that its board of directors, after careful consideration and a detailed technical and financial review, has rejected Midstates Petroleum Company, Inc.’s (ticker: MPO) unsolicited public offer to combine the two companies in a stock-for-stock …

Bill Barrett Closes Merger with Fifth Creek Energy, Changes Name and Stock Symbol

Bill Barrett Closes Merger with Fifth Creek Energy, Changes Name and Stock Symbol

Starting tomorrow you can call it HighPoint Resources

Bill Barrett Corporation (NYSE: BBG) has completed its strategic combination with Fifth Creek Energy Company, LLC.  The merger between Bill Barrett and privately held Fifth Creek Energy closed March 19, 2018.

In …

Midstates Petroleum 2018 CapEx of $100-$120 million, 1-Rig Program Targets Mississippian Lime

Midstates Petroleum 2018 CapEx of $100-$120 million, 1-Rig Program Targets Mississippian Lime

Midstates Petroleum Company, Inc. (ticker: MPO) reported a net loss of $85.1 million, or $(3.39) per share in 2017. In Q4 2017, the company reported a net loss of approximately $121 million, or $(4.78) per share.

For 2017, the company …