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.
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.
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.
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.
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.
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.
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.
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.
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).
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.