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