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Denbury Resources Scraps Merger With Eagle Ford Producer Penn Virginia
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Parsley To Acquire Jagged Peak In $2.3 Billion All-Stock Transaction
The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.
Surge Energy Agrees to $420 Million Midland Basin Acquisition
The acquisition, from private equity-backed Grenadier Energy Partners II, will add leasehold interest and producing wells in Howard County, Texas, where Surge Energy’s position in the northern Midland Basin is partly located.