Post Tagged with: "Mergers"

Source: Reuters/Nick Oxford

Callon Petroleum slashes Carrizo bid, hoping to save shale merger

Reuters


U.S. shale producer Callon Petroleum (CPE.N) on Thursday sharply cut its offer for rival Carrizo Oil & Gas (CRZO.O) postponed a shareholder vote in a last ditch effort to win support for the deal.

The …

November 14, 2019 - 10:00 am
Source: Houston Chronicle

Stockholders approve merger of two Houston oil field service companies

Source: Houston Chronicle


Stockholders voted to approve the $1.8 billion merger two Houston oil field service companies — creating a new company with projected annual revenues of $4 billion.

In a pair of simultaneous votes held on Tuesday, stockholders with …

October 23, 2019 - 1:30 pm
Permian Producers May Need to Spend More or Consider Mergers

Permian Producers May Need to Spend More or Consider Mergers

From The Houston Chronicle


As the sweet spots of the booming Permian Basin are drilled, oil companies will need to either spend more money or consider mergers and acquisitions to keep up their crude production volumes, according to the energy …

July 25, 2019 - 6:05 am
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

June 19, 2019 - 5:42 pm
Source: Comstock Resources

$2.2-Billion Haynesville Merger Creates New Basin Leader

By Tyler Losier, Energy Reporter, Oil & Gas 360

Comstock acquires Covey Park Energy for $2.2 billion
Dallas Cowboys owner Jerry Jones and company made a deal to acquire a young, up-and-coming player last Friday, but the deal had nothing

June 14, 2019 - 7:09 am
NuStar GP Holdings, LLC and NuStar Energy L.P. Merge

NuStar GP Holdings, LLC and NuStar Energy L.P. Merge

NuStar GP Holdings, LLC (NYSE: NSH) and NuStar Energy L.P. (NYSE: NS) have announced that the merger of NSH with a subsidiary of NS was completed today.

Under the terms of the merger agreement, NSH unitholders are entitled to receive …

July 20, 2018 - 5:31 pm
Stone Energy Nets $382 Million in 2017, Merger with Talos Continues

Stone Energy Nets $382 Million in 2017, Merger with Talos Continues

Stone Energy Corporation (ticker: SGY) reported a net income of $17.1 million, or $0.85 per share for Q4 2017. For the full year of 2017, the company reported a net income of approximately $382.7 million.

Net daily production during the …

March 12, 2018 - 5:55 pm
Shell Just Became the World’s Number Two Energy Company

Shell Just Became the World’s Number Two Energy Company

Shell now controls 16% of the world’s LNG market, becomes the largest independent producer of LNG

Royal Dutch Shell (NYSE: RDS.B; www.shell.com) has leap frogged to the second largest publicly traded energy company in the world following the completion …

February 16, 2016 - 1:37 pm
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 …

February 3, 2016 - 7:51 pm
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. …

October 8, 2015 - 7:09 pm