Acquisitions & Divestitures

Business , Acquisitions & Divestitures , Gathering & Processing

Power Utility DTE Energy Agrees To $2.7 Billion Haynesville Midstream Deal

The acquisition of Haynesville gas gathering assets from Momentum Midstream and Indigo Natural Resources “checks all of our boxes,” DTE Energy CEO says.

October 18, 2019

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Apache Looks To Narrow Permian Portfolio With Eastern Shelf Exit

Apache, one of the largest operators in the Permian Basin, is looking to narrow its footprint in the basin through a full exit from the Eastern Shelf.

October 16, 2019

Public Capital , Acquisitions & Divestitures

Whiting Petroleum In Deal Talks With Abraxas Petroleum: Sources

Whiting Petroleum, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum, two people familiar with the matter told Reuters.

October 14, 2019

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

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.

October 14, 2019

Exploration & Production , Acquisitions & Divestitures

Energean Oil To Sell Edison E&P’s North Sea Assets

Energean, which is focused in the Mediterranean, will sell Edison E&P’s U.K. and Norwegian units for $250 million, with additional cash contingent consideration of up to $30 million.

October 14, 2019

Acquisitions & Divestitures

ConocoPhillips Sells Northern Australia Assets To Santos For $1.39 Billion

ConocoPhillips has agreed to sell its northern Australian business to its partner Santos Ltd. for $1.39 billion, in a deal that will boost the Australian oil and gas group's output by 25%.

October 13, 2019

Public Capital , Earnings , Exploration & Production , Shale Plays , Acquisitions & Divestitures

BP Warns Of Multibillion-Dollar Third-Quarter Charges

BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.

October 11, 2019

Business , Exploration & Production , Acquisitions & Divestitures

Analyst: Talos ‘Hanging With Big Dogs’ After GoM Deals

Recent deals with Exxon Mobil and BP suggest that major oil companies trust Talos’ judgment and skill as an operator in the Gulf of Mexico, an analyst says.

October 11, 2019

Acquisitions & Divestitures , Gathering & Processing

Woodland Midstream Acquires Permian Basin Sour Gas Gathering System

Woodland plans to invest additional capital into James Lake to accomplish multiple plant optimization and emissions reduction focused projects. Woodland also plans to enhance and expand James Lake’s condensate and liquids handling business.

October 9, 2019

Public Capital , Exploration & Production , Acquisitions & Divestitures

Exxon Mobil Reportedly Targeting Multibillion-dollar Malaysia Asset Sale

The Exxon Mobil Malaysian assets, which include stakes in two large fields, are expected to fetch up to $3 billion, Reuters reported citing unnamed sources.

October 9, 2019