Mergers

Policy & Regulations , Mergers

US Antitrust Regulators Reportedly Slowing Down Oil and Gas Mergers

The FTC’s scrutiny threatens to put the brakes on dealmaking in the oil patch, which had already dropped to $18.5 billion of M&A between U.S. oil and gas producers in the third quarter.

October 22, 2021

Shale Plays , Completions , Pressure Pumping , Mergers

Privately Held ProFrac to Buy FTS International for $407.5 million in Cash

FTS International said the all-cash transaction with ProFrac will create one of the largest completions focused service companies in the U.S. oil and gas industry.

October 22, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 20, 2021

Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.

October 20, 2021

Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Upstream M&A Takes a Breather, But Dealmaking Remains Strong

After a barrage of upstream oil and gas deals in 2021, third-quarter transactions cooled, but an $18.5 billion showing still surpassed the five-year average, a recent report says.

October 20, 2021

Restructurings , People , Infrastructure , Health, Safety & Environment , Acquisitions & Divestitures , Mergers , Joint Ventures , Midstream , Pipelines

Q&A: Significant Midstream Consolidation on the Way

New Sidley partner Trent Bridges shares his thoughts on the strategic outlook for midstream companies, pipeline contracts, M&A, renewable fuels, capital markets and regulations.

October 19, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 13, 2021

Here’s a snapshot of recent energy deals including Comstock Resources’ Bakken exit in a $154 million sale plus the $419 million cash acquisition of Tapstone Energy and SilverBow’s largest acquisition to date.

October 13, 2021

Public Capital , Shale Plays , Mergers

Penn Virginia Rebrands as Ranger Oil Following Close of Lonestar Acquisition

The rebrand to Ranger Oil reflects a focus on “safe and efficient oil and natural gas operations in Texas,” where Penn Virginia—which has a corporate lineage dating back to the late 1800s—eventually narrowed its focus in the Eagle Ford Shale.

October 7, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 6, 2021

Here’s a snapshot of recent energy deals including the closing of the $9.25 billion all-stock merger of Cabot Oil & Gas and Cimarex Energy forming Coterra plus a Midland Basin bolt-on acquisition by Earthstone Energy.

October 6, 2021

Public Capital , Exploration & Production , Shale Plays , Mergers

Cabot, Cimarex Emerge as Coterra Energy Following All-stock Merger

Coterra Energy, to be headquartered in Houston, was previously estimated to have an enterprise value of approximately $17 billion with a top tier asset base across the Marcellus, Permian and Anadarko shale basins.

October 1, 2021

Public Capital , Shale Plays , Mergers

Cabot, Cimarex Shareholders Approve Merger to Create US Shale Giant

The deal is expected to close in the fourth quarter of 2021, after which Cimarex Energy shareholders would own 50.5% of the combined entity and Cabot Oil & Gas shareholders the rest.

September 30, 2021