Oil and Gas 360 Calgary, Alberta–(Newsfile Corp. – December 13, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company”) is pleased to announce that it has completed the acquisition of Certus Oil & Gas Inc. (“Certus“), as previously described in the Pine Cliff press release dated October 31, 2023. Pine Cliff announced on December 8, 2023 that
Oil and Gas 360 Calgary, Alberta–(Newsfile Corp. – October 31, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) is pleased to announce that it has entered into a definitive agreement (the “Agreement“) to offer to acquire all of the issued and outstanding common shares (the “Common Shares“) of Certus Oil & Gas Inc (“Certus“), a privately
World Oil (Bloomberg) – Chevron Corp.’s acquisition of Hess Corp. does more than give it a stake in the world’s fastest-growing oil field off the coast of Guyana and shale assets in the Bakken basin of North Dakota. It also delivers a richly-valued oil independent. While just the size of the all-stock transaction, at $53 billion, is an eye-watering figure,
Yahoo Finance LONDON – The prospect of Exxon Mobil or Chevron buying European majors has receded after the two leading U.S. oil companies announced major acquisitions focused on the Americas this month, investors said. Speculation that Chevron and Exxon might try to buy rivals BP and Shell intensified over the last two years as the European majors underperformed their U.S.
Oil Price Shale pioneer Chesapeake Energy has approached its peer Southwestern Energy for preliminary talks about a possible acquisition that would create America’s top shale gas producer by market value, Reuters reports, citing sources with knowledge of the matter. The talks are in the early stages and there are no guarantees a deal could be reached, according to Reuters’ sources.
Nasdaq HOUSTON – Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources PXD.N the oilfield’s biggest prize. The CEO concentrated the business, exiting less productive properties and dumping an in-house service arm, and set out a mission to make Pioneer the leanest,
Yahoo Finance NEW YORK – Petrie Partners, a boutique advisory firm known to few outside the energy industry, advised on Pioneer Natural Resources Co’s $60 billion sale to Exxon Mobil, this year’s biggest deal, alongside major investment banks. Goldman Sachs Group and Citigroup Inc, which took the lead in advising Pioneer and Exxon, respectively, are expected to garner the biggest
Oil and Gas 360 HOUSTON–(BUSINESS WIRE)– Western Midstream Partners, LP (“WES” or the “Partnership”) (NYSE: WES) today announced that one of its operating subsidiaries has signed an agreement to acquire Meritage Midstream Services II, LLC (“Meritage”) in an all-cash transaction for a purchase price of $885 million, subject to customary adjustments. Meritage, a privately held midstream company headquartered in Denver, Colorado,
World Oil Publisher’s Note: SandRidge Energy will be a participating on one-on-one meetings at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com (WO) – SandRidge Energy, Inc. announced the closing of an acquisition which increases its interest in 26 producing wells
World Oil (WO) – Houston Natural Resources Corp has completed the acquisition of a 100% interest in Cunningham Energy, LLC. The company previously announced the completion of the acquisition of a 9.9% interest in Cunningham Energy, LLC. The acquisition of the additional 90.1% interest takes the company’s total investment in Cunningham Energy LLC to a 100% interest. Ryan Cunningham will continue
Oil Price ExxonMobil has held early informal talks about potentially acquiring the largest pure-play shale producer, Pioneer Natural Resources, The Wall Street Journal has reported, quoting sources with knowledge of the matter. Exxon is looking to boost additionally its position in the U.S. shale patch and it has said for years that the Permian basin would be its key priority area
Oil Price One of the world’s largest chemical makers, UK-based INEOS, has entered U.S. oil and gas production after agreeing to buy Eagle Ford assets from Chesapeake Energy for $1.4 billion, thus gaining access to cheaper natural gas. The deal marks INEOS Energy’s entry as an operator into the U.S. onshore oil and gas market, as it acquires 2,300 wells producing
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