Post Tagged with: "Mergers and acquisitions"

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: Callon Petroleum

Upstream Oil Merger: Callon Acquires Carrizo in $3.2 Billion Texas Combo

By Tyler Losier, Energy Reporter, Oil & Gas 360

Callon adds oil-weighted assets in the Permian and Eagle Ford through all-stock transaction
Callon Petroleum Company (stock ticker: CPE), an independent E&P focused on unconventional assets in the Permian, has struck

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

Energy Transfer on Trend: Consolidates MLP

Energy Transfer on Trend: Consolidates MLP

Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) announced that an agreement upon the merger of ETP with ETE in a unit-for-unit exchange. In connection with the transaction, ETE’s incentive distribution rights (IDRs) in ETP …

Northern Oil & Gas to Make Largest Acquisition in Company History

Northern Oil & Gas to Make Largest Acquisition in Company History

Northern Oil and Gas, Inc. (NYSE: NOG) announced that it has entered into a definitive agreement with W Energy Partners for the largest acquisition in Northern’s history. At closing, the acquisition will represent approximately 6,750 barrels of oil equivalent …

Comstock Resources Acquires Haynesville Shale for $31 Million

Comstock Resources Acquires Haynesville Shale for $31 Million

Comstock Resources, Inc. (NYSE: CRK) announced that it was the successful bidder on Package 2 – North Louisiana Properties at an auction held July 17, 2018, that was conducted under the Chapter 11 bankruptcy proceedings of Enduro Resource Partners LLC, …

Rice Midstream Partners Merger with EQT Midstream Partners Approved

Rice Midstream Partners Merger with EQT Midstream Partners Approved

EQT Midstream Partners, LP (NYSE: EQM) and Rice Midstream Partners LP (NYSE: RMP) announced unitholder approval of RMP’s previously announced merger transaction with EQM. At today’s RMP special meeting of unitholders, approximately 81.8% of RMP’s outstanding common units were voted, …

Independence Contract Drilling and Sidewinder Drilling to Merge

Independence Contract Drilling and Sidewinder Drilling to Merge

Independence Contract Drilling, Inc. (NYSE: ICD) and Sidewinder Drilling, LLC have jointly announced a merger agreement for ICD to acquire all outstanding Sidewinder equity interests.

The acquisition allows ICD to more than double its fleet of rigs to 34, following …

Devon Energy Sells EnLink Midstream Ownership Interests for $3.125 Billion

Devon Energy Sells EnLink Midstream Ownership Interests for $3.125 Billion

Devon Energy Corp. (NYSE: DVN) announced that it has completed the sale of its ownership interests in EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC) for $3.125 billion to affiliates of Global Infrastructure Partners (GIP), an …

EOG Resources, Mountrail County, North Dakota.

Northern Oil and Gas Acquires North Dakota Production

Northern Oil and Gas, Inc. (NYSE American: NOG) announced that it has entered into an agreement to acquire production in North Dakota, currently producing over 4,100 BOEPD.

The asset is being acquired from Pivotal Petroleum Partners, a portfolio company of …

Courtesy of Chesapeake

Ascent Resources Acquires $477 Million of Natural Gas and Oil Leasehold Interests, Fee Minerals and Related Assets

Ascent Resources, LLC announced that it has completed the previously announced acquisition of natural gas and oil leasehold interests, fee minerals and related assets from Utica Minerals Development, LLC for a total purchase price of approximately $477 million, consisting of …

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’ …

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips (NYSE: COP) announced that it has entered into an agreement to sell a ConocoPhillips subsidiary to BP for an undisclosed price. The subsidiary will hold a 16.5 percent interest in the BP-operated Clair Field, with ConocoPhillips retaining a 7.5 …

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Point Loma Acquires Private Oil and Gas Company

Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has entered into a definitive agreement to acquire a private oil and gas company (the “Acquisition”). The purchase price of the Acquisition …

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 …

Source: XOM

M&A Deal Value Down 23.8% in Oil and Gas, Up 55.1% in Overall U.S. M&A

Lower commodity prices reduce size and volume of energy M&A in 2015

Lower prices for crude oil and natural gas reduced the average deal size and the volume of mergers and acquisitions in the oil and gas industry in 2015. …