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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.