Mergers

Earnings , Mergers

Beach Energy Results Disappoint; M&A Sought in Australia, New Zealand

As its shares tumble 13%, CEO says Beach is holding its capital in pursuit of acquisitions.

August 15, 2022

ESG , Mergers

OMNI Environmental Solutions Merges with Purity Oilfield Services

"Today’s announcement is just the first step of our integration into a stronger, more robust and ESG-focused service provider,” Courtney Brackin said of the company created from the merger between OMNI Environmental Solutions and Purity Oilfield Services.

August 10, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Aug. 10, 2022

Here’s a snapshot of recent energy deals including Devon Energy’s $1.8 billion cash acquisition of Eagle Ford Shale operator Validus Energy and a $555 million Permian Basin deal by Apache.

August 10, 2022

Public Capital , Exploration & Production , Mergers

Capricorn Should Ditch Tullow Merger Deal, Investor Says

“The proposed merger appears to us to be a poorly disguised nil-premium takeover of Capricorn by Tullow,” said the letter which was dated Aug. 9 and signed by Palliser Capital (UK) Chief Investment Officer James Smith.

August 9, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Aug. 3, 2022

Here’s a snapshot of recent energy deals including Diversified Energy’s acquisition of ConocoPhillips Midcon assets for $240 million and the sale of Baker Hughes’ Russian oilfield services business.

August 3, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of July 27, 2022

Here’s a snapshot of recent energy deals including an agreement by Shell USA to acquire all remaining interests in Shell Midstream Partners in a $1.96 billion buyout. 

July 27, 2022

Public Capital , Mergers , Midstream

Shell USA to Acquire Midstream MLP in $1.96 Billion Buyout

Shell USA agreed to acquire all remaining interests in Shell Midstream Partners held by the public at $15.85 per public common unit in cash for a total value of approximately $1.96 billion.

July 25, 2022

Public Capital , Exploration & Production , Mergers

Serica Energy Rejects Kistos’ Revised $1.4 Billion Merger Offer

Kistos, which has a market value of 439.2 million pounds compared with Serica’s 970.8 million, had earlier made public an offer of 382p for each share of Serica, which was rejected by the firm’s board in June.

July 25, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of July 20, 2022

Here’s a snapshot of recent energy deals including the acquisition by ConocoPhillips of a stake in a Texas LNG project plus a $307 million stock-for-stock deal by Houston’s VAALCO Energy.

July 20, 2022

Public Capital , Exploration & Production , Mergers

VAALCO Energy to Acquire TransGlobe in $307 million Stock-for-stock Deal

Houston VAALCO Energy and Canada’s TransGlobe Energy agreed to a stock-for-stock business combination the companies expect will create a diversified African-focused E&P business supporting sustainable growth and stockholder returns.

July 15, 2022