Acquisitions & Divestitures
Business , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream
Centennial Resource Development Sells Off Permian Water Assets For $225 Million
Upon closing of the acquisition, WaterBridge will handle all of Centennial Resource Development's produced water in the southern Delaware Basin.
Acquisitions & Divestitures , Pipelines
Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline
Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.
Subsea , Acquisitions & Divestitures
Hunting Acquires Enpro Subsea In All-cash Deal
Hunting Plc, the international energy services group, has completed the acquisition of Enpro Subsea Ltd. on Feb. 21 for a total consideration of $33 million payable on completion, plus a potential maximum earn out of $3 million based on EBITDA performance in 2020.
Digital Oilfield , Acquisitions & Divestitures
Quorum’s Latest Acquisition To Set ‘Gold Standard Record’ For E&Ps
Quorum CEO Gene Austin said he expects the company’s latest acquisition of Denver-based EnergyIQ will help E&Ps fully capitalize on data to operate leaner and with greater confidence.
Public Capital , Shale Plays , Acquisitions & Divestitures
Debt-laden Lilis Energy To Sell Permian Basin Acreage Chunk
Lilis Energy plans to use the roughly $24.9 million of cash proceeds from the Permian Basin acreage sale to fund a substantial portion of its borrowing base deficiency.
Acquisitions & Divestitures , Trends
Recap: NAPE Crowds ‘Resilient’ Through Tough A&D Times
This year’s NAPE Summit buzzed with a “resilient spirit” despite the fog of tough A&D times for upstream oil and gas dealmakers.
Public Capital , Liquefied Natural Gas (LNG) , Acquisitions & Divestitures , Pipelines
Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal
The Rio Bravo Pipeline is poised to support transportation of natural gas production from the Permian Basin and Eagle Ford Shale to NextDecade’s Rio Grande LNG project in Brownsville, Texas
Technology , Acquisitions & Divestitures
National Energy Services To Acquire Oilfield Services Provider SAPESCO
“This acquisition marks the entry of NESR into the growing and successful Egyptian oil and gas industry,” Sherif Foda, chairman and CEO of NESR, said.
Acquisitions & Divestitures , Pipelines
Dominion To Increase Stake In $8 Billion Atlantic Coast Natgas Pipeline
If approved, the acquisition will bring Dominion's share in the Atlantic Coast natural gas pipeline to 53%, up from 48%. Duke Energy will own the remaining 47%.
Shale Plays , Acquisitions & Divestitures , Trends
A&D Trends: ‘Times Have Changed’
Centennial Resource Development Inc.’s CEO Mark Papa says he expects shale production to grow by just 400,000 barrels per day in 2020.