Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil.
ConocoPhillips said both companies received the requests on …
(Bloomberg) – The U.S. Federal Trade Commission plans to delay its decision whether to block Chevron Corp.’s $53 billion takeover of Hess Corp. until after an arbitration case with Exxon Mobil Corp. is settled, according to people familiar …
Publisher’s Note: Diversified Energy will be a presenter at EnerCom Denver-The Energy Investment Conference on August 18-21, 2024. Register to attend and book your room at the Westin Denver Downtown.
Accretive Acquisition of Contiguous …
OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued …
Publisher’s Note: U.S. Energy Development will present at EnerCom Denver- The Energy Investment Conference on August 18-31, 2024. Please register to attend.
(WO) – U.S. Energy Development Corporation (U.S. Energy) is expanding its operations in the prolific Permian …
Mergers and acquisitions in the U.S. shale oil and gas space could lead to a decline in production, industry executives said in the latest edition of the Dallas Fed Energy Survey.
The decline, according to survey respondents, would …
(Bloomberg) – Italian energy group Eni SpA is looking to raise more than €4 billion ($4.3 billion) from disposals in its global upstream business, people familiar with the matter said.
The sales would be part of a broader …
Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks …
DENVER, June 27, 2024 /PRNewswire/ — SM Energy Company (the “Company” or “SM Energy”) (NYSE: SM) today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned
HIGHLIGHTS
(Bloomberg) – Quantum Capital Group has agreed to buy Caerus Oil and Gas in a deal that values the Rocky Mountain energy operator at $1.8 billion, people familiar with the matter said, as private equity firms ramp up …
(Bloomberg) – Energy-focused private equity firm Kimmeridge is taking a majority ownership stake in the proposed Commonwealth LNG project and naming a former bp Plc executive to lead the venture, marking a major bet on the future of …
Publisher’s Note: Chevron will be a presenter at the upcoming EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend.
(WO) – The arbitration process to determine whether ExxonMobil can block the $53 …
HSBC’s recent forecast suggests U.S. shale oil production will keep rising for another four years before peaking, but the real story is more complex. Wood Mackenzie highlights a new era of efficiency gains in shale, yet these advancements …
As the war rages on in Gaza and tensions escalate between Israel and Hezbollah in Lebanon, private equity fund Carlyle (NASDAQ:CG) is forming a new Mediterranean oil and gas company to be led by ex-BP CEO Tony Hayward …
(Bloomberg) – Eni SpA is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about €1 billion ($1.1 billion), according to people with knowledge of the matter.
The …
Berkshire Hathaway, led by billionaire Warren Buffett, has raised its ownership in Occidental Petroleum to just under 29%, reported Reuters, citing a regulatory filing.
The move follows the acquisition of an additional 2.95 million shares, as revealed …
DALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC …
SUGAR LAND, Texas, June 10, 2024 /PRNewswire/ — Noble Corporation plc (“Noble”) (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc (“Diamond”) (NYSE: DO) announced today that they have entered into a definitive merger agreement …
U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations.…
MIDLAND, Texas–(BUSINESS WIRE)– ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced the acquisition of Aqua Prop LLC (“Aqua Prop”), an innovative provider of cost-effective wet sand solutions. The all cash acquisition, initially valued …
HOUSTON (Reuters) – Hess Corp on Tuesday approved the company’s $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote.
The merger required a majority vote to approve the deal …
Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come.
The consolidation wave sweeping through the U.S. energy sector that spurred deals …
Privately-held Permian basin producer Double Eagle is reportedly considering the sale of assets potentially worth more than $6.5 billion, including debt, Reuters reported on Wednesday, citing unnamed sources. Reuters’ sources said they were anticipating the official start of …
MIDLAND, Texas, May 28, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP (NYSE: ET) (“ET”) resulting in total pre-tax consideration net …
(Bloomberg) — Energy Transfer LP agreed to buy WTG Midstream in a $3.25 billion deal that will expand the US pipeline giant’s already sprawling network in the Permian Basin.
Energy Transfer will pay $2.45 billion in cash and …
(Bloomberg) – John Hess, the boss of the oil company that bears his family name, is talking to directly with shareholders in an effort to ensure enough support for a $53 billion acquisition by Chevron Corp., according to …
(WO) – APA Corporation announced the sale of non-core producing properties by Apache Corporation in two separate transactions for over $700 million. Combined, the properties represent estimated net production in the first-quarter 2024 of 13,000 boed, of which …
