Mergers

Mergers

Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm

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.

August 2, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers

Spartan Delta Set to Become Largest Montney Producer after Latest Deal

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.

July 30, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of July 28, 2021

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.

July 28, 2021

Public Capital , Private Equity , Investment , DUG Permian , DUG Eagle Ford , Midstream Texas , Mergers , Midstream , Gathering & Processing

Experts: Midstream M&A Primed to Take Off

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.

July 27, 2021

Public Capital , Shale Plays , Trends , Mergers

US Shale M&A Wave Creates New ‘Super Independents’ Breed

New breed of “super independents” dominate the U.S. shale sector in wake of M&A worth more than $30 billion, analysts say.

July 27, 2021

Public Capital , Acquisitions & Divestitures , Mergers , Midstream

Inter Pipeline Walks Away from Pembina Deal for Brookfield Bid

The move comes after a five-month-long bitter bidding war between Brookfield Infrastructure Partners and Pembina Pipeline for Canadian pipeline operator Inter Pipeline.

July 26, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of July 21, 2021

Here’s a snapshot of recent energy deals including Kinder Morgan’s entry into the energy transition space through a $310 million acquisition. 

July 21, 2021

Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers , Midstream

Q&A: Sidley’s Tim Chandler on Water Management M&A Trends

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.

July 15, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of July 14, 2021

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.

July 14, 2021

Business , Shale Plays , Mergers , Joint Ventures , Midstream

Plains All American, Oryx Midstream to Merge Permian Basin Assets

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.

July 13, 2021