Acquisitions & Divestitures

Investment , Acquisitions & Divestitures , Pipelines

Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.

April 9, 2021

Business , Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Upstream M&A Tally Suggests Subtle Rebound in First-quarter

The recently announced agreement by Pioneer Natural Resources to acquire DoublePoint Energy, with multiple private equity sponsors, also adds further indications of a shift toward private upstream activity, analyst says.

April 9, 2021

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

Hess Sells Bakken Acreage in $312 Million Deal to Enerplus

The sale to Enerplus consists of non-strategic interests in Bakken acreage in North Dakota that CEO John Hess said the company wasn’t planning on drilling before 2026.

April 8, 2021

Investment , Renewables , Acquisitions & Divestitures , Midstream

Buckeye Partners Buys Stake in US Renewable Energy Developer with New Partnership

The acquisition a majority stake in Swift Current Energy is being made as part of a new strategic partnership between Buckeye and Nala Renewables.

April 8, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of April 7, 2021

Here’s a snapshot of recent energy deals including two large Permian Basin deals including the surprise $6.4 billion acquisition of DoublePoint Energy by Pioneer Natural Resources.

April 7, 2021

Investment , Acquisitions & Divestitures , Midstream

BlackRock, Brookfield No Longer in Race for $10 Billion Aramco Pipeline Deal

Apollo Global Management and New York-based Global Infrastructure Partners (GIP) are among the bidders still in the race to buy a stake in Saudi oil giant Aramco’s pipeline business, which could fetch over $10 billion, sources says.

April 6, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers

Pioneer Natural Resources Falls after Surprise Multibillion-dollar Shale Deal

DoublePoint Energy will add 97,000 acres to Pioneer’s holdings in the Permian Basin and analysts at Cowen & Co. praised the deal, saying it “undoubtedly fits like a glove within PXD’s Midland Basin acreage.”

April 5, 2021

Business , Technology , Acquisitions & Divestitures

Houston-based NESR Continues Middle East Growth Strategy with Kuwait Deal

National Energy Services Reunited Corp. (NESR) agreed to pay around $50 million in cash for the acquisition of certain service lines of Action Energy, one of the leading indigenous oilfield services companies in Kuwait.

April 5, 2021

Investment , Liquefied Natural Gas (LNG) , Renewables , Acquisitions & Divestitures , Midstream

Sempra Energy Sells Stake in New Unit for $3.37 Billion in Cash

The transaction is part of a strategy Sempra Energy originally unveiled in December to better position itself to capitalize on the growing global demand for cleaner fuels. 

April 5, 2021

Business , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Pioneer’s Latest Acquisition to Help Alleviate Concerns of Another Shale Drilling Binge

The acquisition of privately held oil and gas companies by mature operators, like Pioneer Natural Resources’ recent multibillion-dollar agreement to acquire DoublePoint Energy, should help alleviate concerns that U.S. shale could again oversupply the market and crash prices, says analyst.

April 5, 2021