Oil Search said on Aug. 2 it intended to recommend an improved buyout offer from Santos Ltd., worth AU$8.4 billion (US$6.2 billion), in a deal that would create a top-20 global oil and gas company.
The deal marks a major milestone in Spartan's Montney consolidation strategy and brings the company closer to achieving its previously stated objective of production growth to 100,000 boe/d, says Spartan CEO Fotis Kalantzis.
Here’s a snapshot of recent energy deals including the acquisition of a “unique opportunity” in the Permian Basin by Lime Rock Resources in a $508.3 million deal plus Whiting Petroleum’s exit from the D-J Basin.
DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.
New breed of “super independents” dominate the U.S. shale sector in wake of M&A worth more than $30 billion, analysts say.
The move comes after a five-month-long bitter bidding war between Brookfield Infrastructure Partners and Pembina Pipeline for Canadian pipeline operator Inter Pipeline.
Here’s a snapshot of recent energy deals including Kinder Morgan’s entry into the energy transition space through a $310 million acquisition.
The attorney who helmed the team representing XRI in its purchase of Celtic Disposal from Hibernia offers his insight on whether more E&Ps will seek to divest their water management units.
Here’s a snapshot of recent energy deals including the combination of Eagle Ford producers Penn Virginia and Lonestar, the sale of Hawkwood Energy plus the merger of Plains’ Permian Basin assets with Oryx Midstream.
The combination with a vast majority of Plains All American’s Permian Basin assets is a “natural evolution of the Oryx growth story,” says Oryx Midstream CEO Brett Wiggs.