The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.
The merger of Roan Resources with Citizen Energy may portend future take-private offers for public companies that have largely been scorned by the public market.
As asset-level A&D struggles in the background of multibillion E&P mergers and market indifference to oil and gas, deal advisers see a spike in transactions for minerals, conventional assets and even combinations of private-equity companies.
Energy Transfer agreed on Sept. 16 to acquire Tulsa, Okla.-based SemGroup in a cash and stock transaction valued at roughly $5.1 billion.
In a basin full of bigs, the combination of Eclipse Resources and Blue Ridge Mountain Resources to form Montage Resources creates a compelling gas and liquids growth story despite commodity headwinds. The question: Will Wall Street notice?
The largest U.S. supplier of fracking services to oil and gas producers expects its third-quarter results will be at the low end of its earlier forecasts as activity slows.
PDC is set to become the second-largest producer in the D-J Basin through its acquisition of SRC Energy and will also remain committed to its Permian position.
Anadarko Petroleum was the only corporate deal Occidental Petroleum considered since the company’s current leadership has been in place, says CFO Cedric Burgher.