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Chevron Announces Agreement To Acquire Anadarko
Chevron Corp.announced today that it has entered into a definitive agreement with Anadarko Petroleum Corp. to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.
A&D Transactions From The Week Of March 20, 2019
Here’s a snapshot of energy deals from the past week including Williams’ $3.8 billion JV in the Marcellus/Utica and a Delaware Basin bolt-on by Contango Oil & Gas.
A&D Trends: Cash Only
Oil price volatility has helped cast A&D markets adrift leaving many E&P companies in a “no-wind” scenario.