The Latest

Enerplus Increases Quarterly Cash Dividend

Enerplus Corp. increased its dividend 8% to US$0.065 (CA$0.088) per share.

Post $7.1B Crestwood Deal, Energy Transfer ‘Ready to Roll’ on M&A—CEO

Energy Transfer co-CEO Tom Long said the company is continuing to evaluate deal opportunities following the acquisitions of Lotus and Crestwood Equity Partners in 2023.

Flame Acquisition Holders Approve Merger with Sable Offshore

The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp.

ConocoPhillips CEO Ryan Lance Calls LNG Pause ‘Shortsighted’

ConocoPhillips chairman and CEO Ryan Lance called U.S. President Joe Biden’s recent decision to pause new applications for the export of American LNG “shortsighted in the short-term.”

Analysts: Diamondback-Endeavor Deal Creates New Permian Super Independent

The tie-up between Diamondback Energy and Endeavor Energy—two of the Permian’s top oil producers—is expected to create a new “super-independent” E&P with a market value north of $50 billion.

$17B Chesapeake, Southwestern Merger Leaves Midstream Hanging

East Daley Analytics expects the $17 billion Chesapeake and Southwestern merger to shift the risk and reward outlook for several midstream services providers. 

Athabasca Oil, Cenovus Energy Close Deal Creating Duvernay Pureplay

Athabasca Oil and Cenovus Energy plan to ramp up production from about 2,000 boe/d to 6,000 boe/d by 2025.

California Resources Corp., Aera Energy to Combine in $2.1B Merger

The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.

Daugherty: Feds Take Aggressive Posture on Oil, Gas Mergers

Newly released guidelines by the Department of Justice and Federal Trade Commission suggest that a post-deal, combined market share of more than 30% is potentially problematic.

API Perforating, Wyreline Transformation to Merge

The merger of the two wireline services companies will create API Wyreline.