Acquisitions & Divestitures
Acquisitions & Divestitures , Pipelines
TC Energy Proposes To Buy Pioneer Pipeline In Multimillion-dollar Deal
NOVA Gas Transmission Ltd. (NGTL), a subsidiary of TC Energy, entered the proposed purchase agreement through an exclusive letter of intent with Tidewater Midstream and TransAlta.
Public Capital , Acquisitions & Divestitures
Carl Icahn Reportedly Boosts Occidental Petroleum Stake To Nearly 10%
Carl Icahn, who held a roughly 2.5% stake in Occidental as of end-2019, has previously criticized its $38 billion deal for rival Anadarko Petroleum as a misplaced bet on oil prices rising.
Acquisitions & Divestitures , Trends
Energy A&D Transactions From The Week Of March 11, 2020
Here’s a snapshot of energy deals from the past week including ConocoPhillips’ $380 million exit from the D-J Basin plus the closing of WPX’s multibillion-dollar acquisition of Felix Energy.
Restructurings , Investment , Crude Oil , Acquisitions & Divestitures , Mergers
Post-Meltdown: Expect Surge Of Shale Bankruptcies, Experts Say
A wounded oil and gas industry enjoys better numbers the day after prices plummeted, but steep debt will likely bring about a wave of M&A, bankruptcies and litigation.
Shale Plays , Technology , Acquisitions & Divestitures
Basic Energy Services Acquires NexTier’s Well Services Business For $94 Million
Basic Energy Services said the acquisition of the NexTier production operations positions the company as the leading well servicing provider in the U.S.
Exploration & Production , Acquisitions & Divestitures , Mergers
Houston-based Independent U.S. Energy Corp. Adds To Williston Basin Position
U.S. Energy Corp.’s acquisition of New Horizon Resources adds assets in a mature field, primarily in North Dakota’s McKenzie and Divide counties, with existing cash flow, low decline and significant upside potential.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
WPX Completes $2.5 Billion Acquisition Of EnCap-backed Felix Energy
WPX Energy expected the Felix transaction—the largest E&P deal announced in the U.S. during the fourth quarter—to significantly boost its free cash flow, allowing the company to implement a dividend.
Business , Exploration & Production , Shale Plays , Acquisitions & Divestitures
ConocoPhillips Exits D-J Basin In $380 Million Sale
Crestone Peak Resources is believed to be the buyer of ConocoPhillips’ Niobrara asset, which covers about 98,000 net acres in the southern D-J Basin.
Restructurings , Technology , Acquisitions & Divestitures
McDermott Moves Forward With $2.7 Billion Sale Of Lummus Technology
Proceeds from the sale of Lummus Technology are expected to repay McDermott’s DIP financing in full, as well as fund emergence costs and provide cash to the balance sheet for long-term liquidity.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Wyoming In Talks To Buy Millions Of Acres From Occidental
Wyoming governor says the purchase of private land from Occidental Petroleum would be the biggest since the U.S. bought Alaska.