A report in early January citing unnamed sources gave the acquisition of RS Energy Group by Enverus, formerly Drillinginfo, a roughly $1 billion valuation.
The merger agreement follows remarks made by Era Group CEO Chris Bradshaw in a letter to shareholders last year that the offshore helicopter industry was in “dire need” of consolidation.
PDC now adds SRC Energy’s core area of operations in the Greater Wattenberg Field of the D-J Basin to its portfolio, which includes positions in the D-J and Permian basins.
The expedited closing of the $2.3 billion all-stock acquisition of Jagged Peak Energy allows Parsley to “hit the ground running on ... capturing tangible synergies,” says CEO Matt Gallagher.
Following closing of the $201.5 million transaction on Jan. 7, Jones Energy became a wholly owned subsidiary of private equity backed Revolution Resources.
U.S. oil and gas M&A reached a five-year peak of $96 billion in 2019. However, a report from Enverus found the annual total was substantially skewed by Occidental’s acquisition of Anadarko Petroleum.
UAE-based Brooge Petroleum and Gas Investment Co. (BPGIC) said it will start trading on New York's Nasdaq stock exchange on Dec. 23, following its merger with U.S. company Twelve Seas Investment Co.
Callon Petroleum and Carrizo Oil & Gas said Dec. 20 that shareholders from both companies voted to approve its pending merger, which had initially faced shareholder opposition.