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.

February 25, 2020

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.

February 21, 2020

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.

February 21, 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.

February 18, 2020

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.

February 14, 2020

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.

February 14, 2020

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

February 14, 2020

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. 

February 14, 2020

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%.

February 14, 2020

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.

February 13, 2020