Acquisitions & Divestitures

Business , Acquisitions & Divestitures

A&D Advisory Firm EnergyNet Celebrates 22 Years in Business

EnergyNet has successfully closed $5 billion in oil and gas assets in the past two years, according to the A&D advisory firm’s release.

February 25, 2021

Private Equity , Natural Gas , Acquisitions & Divestitures , Midstream

Tailwater Capital Strikes Midstream Deal With NorTex

The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahoma’s Arkoma STACK.

February 24, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Feb. 24, 2021

Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.

February 24, 2021

Business , Exploration & Production , Acquisitions & Divestitures

Exxon Mobil Sells UK North Sea Assets in Deal Worth over $1 Billion

The sale of U.K. North Sea upstream assets on Feb. 24 helps the U.S. oil major free up capital for projects elsewhere, says Exxon Mobil Vice President Neil Chapman.

February 24, 2021

Logistics , Pressure Pumping , Acquisitions & Divestitures

Peloton Enters into Agreement to Acquire Cevian Technologies

Peloton has entered into an agreement on Feb. 23 to acquire Cevian Technologies, a cloud-based software company that specializes in real-time data acquisition, visualization, and reporting tools for the completions industry.

February 24, 2021

Acquisitions & Divestitures , Trends , Mergers

Oil and Gas Investor A&D Trends: Hard, Classic Rock

Behold! Like the ancients scanning the sky for portents, large bodies are colliding in the observable M&A-verse of upstream oil and gas.

February 24, 2021

Business , Acquisitions & Divestitures , Midstream

ArcLight Buys Stake in Kinder Morgan, Brookfield JV for $830 Million

The value of the sale to ArcLight implies an enterprise value of about $5.2 billion for NGPL, jointly owned by Kinder Morgan and Brookfield Infrastructure Partners, which represents 11.2 times its 2020 EBITDA.

February 23, 2021

Business , Renewables , Acquisitions & Divestitures

Total Sells Stakes in $600 Million Renewable Energy Portfolios

The farm-down transactions give 100% of Total’s two portfolios of renewable energy projects an enterprise value of $600 million, according to the company’s release.

February 23, 2021

Business , Acquisitions & Divestitures , Midstream

Brookfield Formally Launches Hostile Bid to Buy Inter Pipeline for Nearly $6 Billion

Brookfield, which acquires and manages infrastructure assets, is offering CA$16.50 per share for Inter Pipeline, valuing the company at CA$7.08 billion (US$5.62 billion).

February 22, 2021

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

Continental Resources Sees Homecoming in Powder River Basin Acquisition

Continental Resources’ acquisition of Powder River Basin assets in Wyoming is a homecoming of sorts for the company, says Founder and Executive Chairman Harold Hamm.

February 19, 2021