The 2007 Upstream M&A Season is nearing a close. What was the No. 1 deal this year? There are many stand-outs: Plains’ purchase of Pogo; Linn Energy’s overnight deal for a $2B Dominion package; Loews’ entry to E&P via another Dominion package for $4B; McMoRan’s $1.1B (virtual) buy-out of Newfield in the Gulf of Mexico; the Crimson Exploration side deal for South Texas properties in Exco’s package purchase from Anadarko; BreitBurn’s asset acquisition from Quicksilver in trade for cash and units; the giant EnCana purchase from Leor; SandRidge and AREP/National Energy Group; Dune’s purchase of GoldKing; Atlas’ purchase from DTE….
What’s your favorite? Following are the criteria for M&A Deal of the Year, an Oil and Gas Investor Excellence Award. Make your nomination online now at www.oilandgasinvestor.com
.
Hurry! The deadline is end of day Dec. 14.
M&A DEAL OF THE YEAR: The most innovative and highest impact acquisition or divestiture by a North American E&P company. Criteria may include: size and scope relative to previous company profile, ability to grow the company after acquisition, innovative deal structure or execution, impact on the A&D marketplace.
Recommended Reading
Exclusive: Williams a Natural Fit for CCS, Executive Says [WATCH]
2023-09-28 - Chad Zamarin, Williams Cos.' executive vice president of corporate strategic development, discusses the midstream company’s move into carbon capture and storage, NextGen Gas and the need for pipeline permit reform.
Exclusive: Permian Infrastructure is "Sufficient," Says Plains' McGee [WATCH]
2023-09-27 - In this Hart Energy LIVE Exclusive, Plains All American Pipeline's Richard McGee believes the Permian will be "a major contributor" to the world's energy supply and that its existing infrastructure is enough to deal with future production, at least in the medium term.
ONEOK Completes Acquisition of Magellan Midstream Partners
2023-09-25 - The ONEOK-Magellan merger was narrowly approved by Magellan shareholders, with just 55% of total outstanding votes in Magellan’s Sept. 21 special meeting in favor of the merger.
Canada's Enbridge Could Add 200,000 bbl/d to Mainline Oil Pipeline Capacity
2023-09-20 - Enbridge will only consider expanding its Mainline pipeline capacity once the Canadian government-owned Trans Mountain expansion (TMX) project begins operations.
Big Money is Flowing into the Powder River Basin
2023-09-08 - More long money is entering the multi-million-acre Powder River Basin, proving early entrants’ potential from the stacked pay.