Post Tagged with: "Mergers & Acquisitions"

Source: Lineal Industries

E&P Diversifies Through Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Acquisition of Lineal Star completed in an all-stock transaction
Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its

Source: Archrock

Archrock Makes $410 Million Acquisition

By Tyler Losier, Energy Reporter, Oil & Gas 360

Archrock to purchase ~430,000 horsepower of compression from Elite Compression Services
Houston-based Archrock, Inc. (stock ticker: AROC) has entered into a definitive agreement with Elite Compression Services, a JDH Capital-backed company,

Oilfield Service Companies to Combine

Oilfield Service Companies to Combine

SMG Industries Announces the Signing of a Definitive Agreement to Acquire Trinity Services LLC

Diamondback Energy Enters Delaware Basin with $560 Million Acquisition

Diamondback Energy Enters Delaware Basin with $560 Million Acquisition

Diamondback adds 19,180 net Delaware acres to its primarily Midland Basin assets

Diamondback Energy (ticker: FANG) announced today that the company purchased 38,765 gross (19,180 net) acres in the Southern Delaware Basin for $560 million. The acquisition will provide Diamondback …

Hein & Associates LLP to Host Energy M&A Webinar Wed. June 1

Hein & Associates LLP to Host Energy M&A Webinar Wed. June 1

Accounting firm Hein & Associates LLP is scheduled to conduct a live webinar that will focus on the energy industry on Wednesday June 1, 2016 at 11:00 A.M, EDT. The webinar will feature Principal, Transaction Advisory Services Jimmie Williams, Principal, …

May 24, 2016 - 6:48 pm Closing Bell Story‎, Mergers & Acquisitions
Supermajors Selling Billions in Assets to Offset Oil Downturn

Supermajors Selling Billions in Assets to Offset Oil Downturn

Shell leads the way with $30 billion divestiture plan

Earnings season has gone as expected thus far, as the majority of energy companies are reporting losses and writedowns due to the commodity downturn. Some are fighting to maintain their dividends

MPLX LP Pulls Back the Reins, Cuts Dividend Growth in Half

MPLX LP Pulls Back the Reins, Cuts Dividend Growth in Half

Just 63 days after the close of a transformative purchase of MarkWest Energy Partners, Marathon Petroleum, the General Partner of MPLX LP (ticker: MPLX), is downwardly adjusting its dividend growth plan for the MLP – plans that it made public …

What’s in the Cards for Clayton Williams Energy?

What’s in the Cards for Clayton Williams Energy?

Clayton Williams (ticker: CWEI) and Concho Resources (ticker: CXO) each made significant announcements regarding their respective Delaware Basin positions yesterday, including an acreage swap that is “highly beneficial to both companies,” said Mel Riggs, President of CWEI, in the company’s …

WPX Energy Ends an Active 2015 with Gathering System Sale

WPX Energy Ends an Active 2015 with Gathering System Sale

Industry-wide divestiture levels were down on a year-over-year basis in 2015, but WPX Energy (ticker: WPX) did more than its fair share on the mergers and acquisitions front.

On December 31, 2015, the Tulsa-based exploration and production company announced the …

Halliburton + Baker Hughes Merger Hits Skids

Halliburton + Baker Hughes Merger Hits Skids

United States, Australia U.S. Department of Justice Still Not Satisfied with Terms

Industry enthusiasts waiting for approval of the impending merger between Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) will have to wait a little longer.

For the third …

Report: Devon Energy in Acquisition Talks, Would Become Cana-Woodford’s Dominant Operator

Report: Devon Energy in Acquisition Talks, Would Become Cana-Woodford’s Dominant Operator

Sources Say Deal for Felix Energy LLC would be for about $2 Billion, Including Debt

Devon Energy (ticker: DVN) is in pursuit of privately held Felix Energy LLC, according to a report from Reuters on December 3, 2015. Devon supposedly …

Callon Petroleum Tacks on Permian Basin Acreage

Callon Petroleum Tacks on Permian Basin Acreage

Update: Pricing Announced

Callon Petroleum (ticker: CPE) upsized its stock offering one day after its original announcement, increasing the total to 12.0 million shares with a greenshoe of 1.8 million additional shares. The first round of stock offerings is expected …

Halliburton Raising $7.5 Billion, Baker Hughes Merger Talk Heats Up

Halliburton Raising $7.5 Billion, Baker Hughes Merger Talk Heats Up

Capital will be raised in Five Tranches

Advocates for the highly scrutinized merger between Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) possibly received the most positive news to date in a news release issued on November 5, 2015.

Halliburton, …

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan (ticker: KMI), the largest energy infrastructure company in North America, is adding to its footprint.

On October 20, 2015, KMI announced a joint venture agreement with a subsidiary of BP plc (ticker: BP) for 15 terminals at a …

Private Equity Group Snatches Occidental’s Bakken Assets for $500 Million: Reuters

Private Equity Group Snatches Occidental’s Bakken Assets for $500 Million: Reuters

Reuters reports that Occidental Petroleum (ticker: OXY) is leaving the Williston Basin, announcing a $500 million sale with Lime Rock Resources for its 303,000 net acres. The deal, if finalized, equates to just $1,650 per net acre, roughly half of …

Drill Rig in Alaska - Oil & Gas 360

Armstrong Oil & Gas Defies Industry Bears, Boosts Stake in Alaska with $800 Million Transaction

Repsol Sells Portion of Interest, Dials Back Development Plans

Armstrong Oil & Gas, a private exploration and production company headquartered in Denver, Colorado, is backing up its optimism for hydrocarbon production in Alaska.

eia-alaska2On October 13, 2015, the company increased …

Encana Oil & Gas Exits DJ Basin in $900 Million Asset Sale

Encana Oil & Gas Exits DJ Basin in $900 Million Asset Sale

Expects 2015 Net Debt to be Reduced by $3.0 Billion – 50% higher than expected.

Calgary-based Encana Corporation (ticker: ECA) is leaving behind its second United States shale play since August, selling its Denver Julesburg assets for $900 million. …