Canadian Natural Resources Limited announces the acquisition of Chevron’s Alberta assets and a 7% dividend increase
October 7, 2024
Oil and Gas 360
Hess beat earnings estimates on robust Guyana output
July 31, 2024
Oil Price Hess Corp. (NYSE:HES) has posted an impressive second-quarter earnings report with its stake in prolific Guyana helping it exceed estimates. Hess reported Q2 2024 non-GAAP EPS of $2.62, beating the Wall Street consensus by $0.07 while revenue of $3.26B was good for a robust 40.5% Y/Y growth although it missed the consensus by $30M. The company saw a large increase in
EQT announces non-operated asset transaction with Equinor
April 15, 2024
Oil and Gas 360 PITTSBURGH, April 15, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT”) announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 225 MMcf/d of forecasted 2025 net production. Consideration for the transaction is comprised of $500
GeoPark announces exclusive negotiations for unconventional blocks in Vaca Muerta in Argentina
April 12, 2024
Oil and Gas 360 Bogota, Colombia – April 11, 2024 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced that the Company has submitted a binding offer to acquire a non-operated Working Interest (WI) in unconventional blocks in the Neuquen Basin in Argentina. As of the
Chesapeake Energy’s $7.8 billion Southwestern Energy acquisition delayed by FTC
April 5, 2024
World Oil (Bloomberg) – Chesapeake Energy Corp.’s $7.4 billion takeover of Southwestern Energy Co. has been delayed until the second half of the year after antitrust regulators demanded more details from the natural gas operators. The transaction, which aims to create the largest U.S. natural gas driller, originally envisioned closing no later than the end of June. But a Federal
Talos Energy adds deepwater assets to portfolio following completion of QuarterNorth Energy acquisition
March 5, 2024
World Oil (WO) – Talos Energy Inc. announced the completion of the acquisition of QuarterNorth Energy Inc. After completing the acquisition, Talos has approximately 183.0 million shares of common stock outstanding, including approximately 24.4 million shares issued to the QuarterNorth shareholders as consideration for the transaction. Additionally, Talos has appointed QuarterNorth’s designee, Joseph A. Mills, to the Talos Board of
EXCLUSIVE-Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal, sources say
March 5, 2024
Nasdaq MILAN, March 5 (Reuters) – Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy’s biggest liquefied natural gas import terminal from Exxon Mobil XOM.N and QatarEnergy, two sources with knowledge of the matter said on Monday. The deal, which sources previously said could value the entire terminal at about 800 million euros ($868 million), would give VTTI a role in
Atlas Energy Solutions Inc. to acquire Hi-Crush Inc., creating the largest proppant producer in the country and an industry leading logistics provider
February 27, 2024
Oil and Gas 360 AUSTIN, Texas–(BUSINESS WIRE)– Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that it has entered into a definitive agreement with Hi Crush Inc. (“Hi-Crush”) to acquire all of Hi-Crush’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million (1). The transaction consideration includes $150 million
Why Endeavor Energy’s founder sold his company after years of rebuffing offers
February 13, 2024
Yahoo Finance For years, Endeavor Energy founder Autry Stephens’ refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers. “It’s not for sale, it hasn’t been for sale, it’s probably not going to ever sell,” Pioneer Natural Resources’ former CEO Scott Sheffield, a contemporary of Stephens, told a
Silver Hill Energy Partners enters Bakken with Liberty Resources acquisition
February 2, 2024
World Oil WO) – Silver Hill Energy Partners, LP has signed definitive agreements with Liberty Resources II, LLC to acquire Liberty’s interests in oil and gas properties, rights and related assets in North Dakota. Acquisition highlights. Silver Hill Energy Partners will acquire Liberty’s producing assets in North Dakota’s Bakken region, where Libery’s net production in December 2023 was approximately 13,000 boed
Prairie Operating announces acquisition of producing E&P assets
January 12, 2024
Oil and Gas 360 HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced it has entered into a definitive agreement to acquire the assets of Nickel Road Operating LLC (“NRO”) for a total consideration of $94.5 million, subject to certain closing price adjustments and other customary closing conditions. The total consideration
Battalion Oil Corporation announces acquisition by Fury Resources, Inc.
December 15, 2023
Oil and Gas 360 Houston, Texas, Dec. 15, 2023 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL) (“Battalion” or the “Company”) announced today that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Fury Resources, Inc. (“Buyer” or “Parent”), pursuant to which Parent will acquire all of the outstanding shares of Common Stock of
