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.

September 21, 2020

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.

September 21, 2020

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.

September 21, 2020

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.

September 18, 2020

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.

September 18, 2020

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.

September 17, 2020

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.

September 17, 2020

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.

September 16, 2020

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.

September 16, 2020

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.

September 15, 2020