Acquisitions & Divestitures
Business , Exploration & Production , Acquisitions & Divestitures
Bids for Exxon Mobil’s British North Sea Assets Due Late October
Bids for a portfolio of Exxon Mobil’s British North Sea oil and gas fields, which is expected to fetch around $1 billion following this year’s oil price weakness, are due on Oct. 28, sources say.
Shale Plays , Acquisitions & Divestitures , Trends , Mergers
Oil and Gas Industry A&D Trends: At the Brink
As 2020 crawls through the third quarter, the strains on M&A and the oil and gas industry are beginning to take on albatross-ian levels.
People , Acquisitions & Divestitures
Simmons Energy Adds Doug Reynolds, Robert Urquhart to E&P Investment Banking Group
Doug Reynolds and Robert Urquhart, both previously with Scotiabank, will be based in Simmon Energy’s Houston office and will focus on exploration and production.
Business , Acquisitions & Divestitures
Proxy Adviser Glass Lewis Backs Noble Energy Sale to Chevron
Glass Lewis has recommended that shareholders of Noble Energy Inc. vote in favor of the energy producer’s proposed $5 billion acquisition by Chevron Corp, the proxy advisory firm said in a statement on Sept. 18.
Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures
EQT Reportedly Bids $750 Million for Chevron’s Appalachia Shale Assets
Chevron is marketing about 800,000 acres in the Marcellus and Utica shale plays of Pennsylvania and neighboring states and a 31% nonoperating interest in Laurel Mountain Midstream.
Restructurings , Unconventional , Shale Plays , Acquisitions & Divestitures
Permian Basin Operator Approach Resources Hitches Saddle to New Buyer
Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.
Business , People , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Industry Veteran Ted Williams Joins EnCore Permian as COO
Industry veteran Ted Williams will join EnCore Permian as partner and COO to lead its growing operations department as the Midland, Texas-based company transforms into an E&P company.
Field Development , Shale Plays , Acquisitions & Divestitures , Joint Ventures
U.S. Energy Development Acquires Interest in Permian Basin Project
Texas-headquartered U.S. Energy Development Corp. is diving into the Columbia Project development in the Permian Basin with Shell Oil Co., having acquired an $8.5 million interest in the project.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of Sept. 16, 2020
Here’s a snapshot of recent energy deals including BP’s $1.1 billion acquisition of U.S. offshore wind assets plus Northern Oil and Gas’ entry into the Permian Basin.
Private Equity , Investment , Acquisitions & Divestitures
Momentum Minerals Closes Third Funding Round from Apollo
The capital raise marks the latest equity commitment in Momentum Minerals management’s long-standing relationship with Apollo Global Management and its affiliates that started in 2013.