EnCap Investments and its portfolio companies no longer need to seek Federal Trade Commission approval to make oil and gas deals in the Uinta Basin—a condition imposed during the Biden administration.
Faced with shrinking customer bases, rising costs and a slowing market, publicly traded oilfield services firms like SLB, DNOW and DXP are leaning into M&A to gain scale, efficiency and tech advantage.
U.K.-based E&P Ithaca Energy closed an acquisition of North Sea interests from Japan Petroleum Exploration Co. (Japex).
Riley Exploration Permian Inc. said on July 2 it closed on its $142 million deal to buy EnCap Investments-backed Silverback Exploration II LLC.
EnCap Investments and its portfolio companies no longer need to seek Federal Trade Commission approval to make oil and gas deals in the Uinta Basin—a condition imposed during the Biden administration.
Faced with shrinking customer bases, rising costs and a slowing market, publicly traded oilfield services firms like SLB, DNOW and DXP are leaning into M&A to gain scale, efficiency and tech advantage.
U.K.-based E&P Ithaca Energy closed an acquisition of North Sea interests from Japan Petroleum Exploration Co. (Japex).
Riley Exploration Permian Inc. said on July 2 it closed on its $142 million deal to buy EnCap Investments-backed Silverback Exploration II LLC.
Knot Offshore Partners purchased shuttle tanker Daqing Knutsen from its subsidiary for $95 million, less $70.5 million of outstanding debt and $300,000 of capitalized fees.
The deal, centered on the Kakwa region in Alberta, follows ARC Resource’s strategy of strengthening its Montney position.
Amid a slowdown in headline-grabbing oil and gas M&A, Prairie Operating and Amplify Energy are staying busy with small-ball acquisitions and timely divestitures.
The acquisition is part of Fermi America’s plans to have 1 gigawatt of power available by the end of 2026.
TotalEnergies sold a 50% stake in its renewable energy portfolio in Portugal and acquired a 50% stake in the solar, wind and BESS portfolio of AES Dominicana Renewables Energy.
Marketing is heating up for gassy assets in the Haynesville, Appalachia and Midcontinent, a sign that natural gas remains one of the bright spots in upstream portfolios, M&A experts tell Hart Energy.