SPAC

Hammerhead plans rare U.S. listing of Canadian gas producer in over $1 billion SPAC deal

September 26, 2022

Yahoo Hammerhead Resources Inc plans to list on the Nasdaq by merging with blank check company Decarbonization Plus Acquisition Corporation IV in a C$1.39 billion ($1.02 billion) deal, a rare U.S.-listing for a Canadian oil and gas producer. The listing for Hammerhead, focused on the Montney shale formation in Alberta, would be a litmus test for investor confidence in the

Houston energy co. cuts jobs, closing headquarters after bankruptcy auction -oilandgas360

Investors Handed an Oilman a ‘Blank Check’ Company. Here’s How It Turned Out.

April 16, 2019

From The Wall Street Journal Two years ago, investors handed veteran oilman Jim Hackett a $1 billion check and sent him to seek riches in shale drilling. Today, the company he founded with their money, Alta Mesa Resources Inc., has a market value of about $43 million and is teetering on financial ruin—one of the more spectacular failures met chasing the

Go Public On a Blank Check? It Can Work If You’re an Energy Star

January 8, 2019

From Bloomberg For the past two years, the hottest way to start a new oil company in the U.S. has been asking investors to write a blank check. Just launch a publicly traded corporation called a special purpose acquisition company—or SPAC—which has no other business than to raise money and then find another venture to acquire or merge with. Why would

Former OXY Heavyweights Steve Chazen and Chris Stavros Join Forces in $2.7-Billion SPAC Deal

March 20, 2018

TPG Pace Energy acquires EnerVest’s South Texas Division in $2.66 billion handshake; forms new public company – Eagle Ford, Austin Chalk pure-play – Magnolia Oil & Gas Corp. TPG Pace Energy Holdings Corp. (ticker: TPGE), an energy-focused special purpose acquisition entity led by former Occidental Petroleum Corporation CEO Steve Chazen, has entered into definitive agreements with funds managed by EnerVest,

Hammerhead plans rare U.S. listing of Canadian gas producer in over $1 billion SPAC deal

Investors Handed an Oilman a ‘Blank Check’ Company. Here’s How It Turned Out.

Go Public On a Blank Check? It Can Work If You’re an Energy Star

Former OXY Heavyweights Steve Chazen and Chris Stavros Join Forces in $2.7-Billion SPAC Deal

Premium Content