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Acquisitions & Divestitures
Acquisitions & Divestitures
Golar to Acquire New Fortress’ Interest in FLNG Hilli
Golar LNG will acquire New Fortress’ ownership stake in Hilli, adding approximately three more years of cash flow generation from the floating liquefaction facility in Cameroon.
February 7, 2023
Earnings , Acquisitions & Divestitures
BP Delivers Profits of $27.7 Billion in 2022
London-based BP Plc reported an underlying replacement cost profit of $27.7 billion in 2022 while reducing net debt to $21.4 billion and achieving an average return on average capital employed of 30.5%. In 2023, the company will remain focused on delivery of its financial frame underpinned by a $40/bbl balance point.
February 7, 2023
Shale Plays , Acquisitions & Divestitures , Midstream
Cardinal Midstream Closes Purchase of Delaware Basin Natural Gas Assets
Purchase of Medallion Midstream’s Delaware Basin natural gas gathering and processing business adds to Cardinal’s portfolio.
February 7, 2023
Acquisitions & Divestitures
IPC Announces Acquisition of Canada’s Cor4 Oil Corp.
International Petroleum Corp.’s acquisition of Cor4 Oil Corp. is based on an asset consideration of CA$84 million and are complementary to IPC’s existing assets in Canada.
February 7, 2023
Acquisitions & Divestitures , Mergers
The Pulse: Will M&A Pick Up This Year? [WATCH]
At the 30th annual NAPE summit, attendees were generally confident that energy M&A will accelerate in 2023.
February 7, 2023
Transactions , Acquisitions & Divestitures
Chart Talk: Chesapeake CEO Says Eagle Ford Assets Didn’t Fit Portfolio
At the 2023 NAPE summit, Chesapeake Energy CEO Nick Dell’Osso explained the reasoning behind the company’s Eagle Ford asset divestiture.
February 6, 2023
Shale Plays , Transactions , Acquisitions & Divestitures
Elk Range Closes Acquisition of Tower Rock’s Permian Royalty Interests
Elk Range Royalties acquired approximately 2,300 net royalty acres in the Permian Basin from Tower Rock Oil and Gas.
February 2, 2023
Investment , Exploration & Production , Acquisitions & Divestitures
Devon Energy CEO Rick Muncrief Shares Secrets of Successful A&D
Devon Energy’s chief executive revealed the formula that made the firm’s merger with WPX Energy work.
February 2, 2023
Acquisitions & Divestitures , Trends , Mergers
A&D Minute: Did HighPeak Announce the Next Deal of the Year? [WATCH]
Also in this week's A&D Minute: Matador Resources' Delaware Basin acquisition was the largest of the year so far at $1.6 billion, plus see how small- and mid-sized companies are sizing up against large E&Ps.
February 1, 2023
Transactions , Acquisitions & Divestitures , Mergers , Joint Ventures
Energy A&D Transactions from the Week of Feb. 1, 2023
Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.
February 1, 2023